XML 28 R18.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Debt | 9 Months Ended
--- | ---
Sep. 30, 2016
Debt Disclosure [Abstract] |
Debt |
12. | DEBT
At September 30, 2016, and December 31, 2015, debt comprised the following:
(In thousands) |  | Maturity Dates |  | September 30, 2016 |  |  | December 31, 2015 |
Unsecured private placement notes |  |  |  |  |  |  |  |  |  |
3.95% (net of unamortized debt issuance cost of $394 and $383 for 2016 and 2015, respectively) |  | 2021-2027 |  | $ | 99,606 |  |  | $ | 99,617 |
3.86% (net of unamortized debt issuance cost of $405 and $440 for 2016 and 2015, respectively) |  | 2019-2025 |  |  | 99,595 |  |  |  | 99,560 |
4.86% (net of unamortized debt issuance cost of $236 and $260 for 2016 and 2015, respectively) |  | 2017-2023 |  |  | 64,764 |  |  |  | 64,740 |
5.88% (net of unamortized debt issuance cost of $124 and $140 for 2016 and 2015, respectively) |  | 2016-2022 |  |  | 34,162 |  |  |  | 39,860 |
5.69% (net of unamortized debt issuance cost of $34 and $46 for 2016 and 2015, respectively) |  | 2016-2018 |  |  | 17,108 |  |  |  | 17,096 |
Unsecured U.S. bank debt |  | 2019 |  |  | — |  |  |  | — |
Debt of foreign subsidiaries |  |  |  |  |  |  |  |  |  |
Unsecured bank debt, foreign currency |  | 2016 |  |  | 2,960 |  |  |  | 4,810 |
Unsecured bank term loan, foreign currency |  | 2021 |  |  | 3,373 |  |  |  | 3,724 |
Secured bank debt, foreign currency |  | 2016 |  |  | 4,579 |  |  |  | 1,947 |
Total debt |  |  |  | $ | 326,147 |  |  | $ | 331,354 |
Less current maturities |  |  |  |  | 19,669 |  |  |  | 18,806 |
Long-term debt |  |  |  | $ | 306,478 |  |  | $ | 312,548 |
The Company has a committed $125,000,000 multi-currency revolving credit agreement that expires on July 10, 2019. The Company maintains standby letters of credit under its workers’ compensation insurance agreements and for other purposes, as needed from time to time, which are issued under the revolving credit agreement. As of September 30, 2016, the Company had outstanding letters of credit totaling $4,927,000 and no outstanding borrowing under the revolving credit agreement. There was $120,073,000 available under the revolving credit agreement as of September 30, 2016. The various loan agreements contain provisions which, among others, require maintenance of certain financial ratios and place limitations on additional debt, investments and payment of dividends. Based on the loan agreement provisions that place limitations on dividend payments, unrestricted retained earnings (i.e., retained earnings available for dividend distribution) were $156,906,000 and $119,891,000 at September 30, 2016 and December 31, 2015, respectively.

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20,22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration