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Debt (Details) - USD ($) |  | 9 Months Ended |  |
--- | --- | --- | --- | ---
Jan. 11, 2019 | Sep. 30, 2019 | Dec. 31, 2018 | Sep. 30, 2018
Debt Instrument [Line Items] |  |  |  |  |
Short-term debt |  |  | $ 138,249,000 | $ 205,000,000 | $ 132,000,000
Long-term debt |  |  |  |  |
Current maturities of long-term debt |  |  | 66,899,000 | 21,589,000 | 15,677,000
Finance lease liability | [1] |  | 17,331,000 | 0 | 0
Total Current Maturities of Long-term Debt |  |  | 66,899,000 | 21,589,000 | 15,677,000
Long-term debt, less current maturities |  |  | 968,117,000 | 496,187,000 | 437,280,000
Finance lease liability | [1] |  | 21,925,000 | 0 | 0
Total Long-term Debt, Less: Current Maturities |  |  | 968,117,000 | 496,187,000 | 437,280,000
Nonrecourse |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Short-term debt | [2] |  | 35,278,000 | 0 | 0
Long-term debt |  |  |  |  |
Current maturities of long-term debt | [3] |  | 9,835,000 | 4,842,000 | 3,772,000
Long-term debt, less current maturities | [3] |  | 242,895,000 | 146,353,000 | 77,114,000
Credit facility, maximum borrowing capacity |  |  | 181,200,000 |  |
Total available for borrowings under lines of credit |  |  | 146,000,000.0 |  |
Recourse |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Short-term debt |  |  | 102,971,000 | 205,000,000 | 132,000,000
Long-term debt |  |  |  |  |
Current maturities of long-term debt | [4] |  | 39,733,000 | 16,747,000 | 11,905,000
Long-term debt, less current maturities | [4] |  | 703,297,000 | $ 349,834,000 | $ 360,166,000
LTG | LIBOR | Term Loan |  |  |  |  |
Long-term debt |  |  |  |  |
Borrowings under all lines of credit |  |  | $ 32,900,000 |  |
Interest rate |  |  | 4.45% |  |
Debt periodic payments |  |  | $ 600,000 |  |
Line of credit |  |  |  |  |
Long-term debt |  |  |  |  |
Credit facility, maximum borrowing capacity |  |  | 1,628,700,000 |  |
Total available for borrowings under lines of credit |  |  | $ 1,207,700,000 |  |
Notes payable | LTG | LIBOR | 5-year term loan |  |  |  |  |
Long-term debt |  |  |  |  |
Interest rate |  |  | 3.77% |  |
Debt term |  | 5 years | 5 years |  |
Term loan amount |  | $ 250,000,000 |  |  |
Notes payable | LTG | LIBOR | 7-year term loan |  |  |  |  |
Long-term debt |  |  |  |  |
Interest rate |  |  | 4.02% |  |
Debt term |  | 7 years | 7 years |  |
Term loan amount |  | $ 250,000,000 |  |  |
[1] | See Note 14, Leases, for additional information. September 30, 2019 balances include the former build-to-suit lease that was reclassed from other current liabilities and other long-term liabilities as a result of the adoption of ASC 842.
[2] | In conjunction with the Lansing Trade Group ("LTG") acquisition, the Company assumed a revolving line of credit and a term loan with a syndicate of banks, which are non-recourse to the Company. The credit agreement provides the Company with a maximum availability of $181.2 million and had $146.0 million available for borrowing on this line of credit as of September 30, 2019. Any borrowings under the line of credit bear interest at variable rates, which are based on LIBOR or Bankers’ Acceptances plus an applicable spread. The maturity date for the revolving line of credit is June 26, 2023.
[3] | In conjunction with the LTG acquisition, the Company also assumed a term loan with a syndicate of banks. The term loan had a balance of $32.9 million at September 30, 2019. Interest rates for the term loans were 4.45% as of September 30, 2019 and are based on LIBOR plus an applicable spread. Payments of $0.6 million are made on a quarterly basis.
[4] | On January 11, 2019 the Company entered into a 5-year term loan in the amount of $250 million and a 7-year term loan of $250 million. A portion of the term loans were used to pay down debt assumed in the LTG acquisition. Interest rates are based on LIBOR plus an applicable spread. At September 30, 2019, the interest rates for the 5-year and 7-year term loan were 3.77% and 4.02%, respectively. Payments on the term loans will be made on a quarterly basis.

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