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Debt | 9 Months Ended
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Sep. 30, 2018
Debt Disclosure [Abstract] |
Debt |
13. | DEBT
At September 30, 2018, and December 31, 2017, debt comprised the following:
(In thousands) |  | Maturity Dates |  | September 30, 2018 |  |  | December 31, 2017 |
Unsecured private placement notes |  |  |  |  |  |  |  |  |  |
3.95% (net of unamortized debt issuance cost of $371 and $346 for 2018 and 2017, respectively) |  | 2021-2027 |  | $ | 99,630 |  |  | $ | 99,654 |
3.86% (net of unamortized debt issuance cost of $361 and $343 for 2018 and 2017, respectively) |  | 2019-2025 |  |  | 99,639 |  |  |  | 99,657 |
4.86% (net of unamortized debt issuance cost of $195 and $191 for 2018 and 2017, respectively) |  | 2018-2023 |  |  | 55,519 |  |  |  | 55,523 |
5.88% (net of unamortized debt issuance cost of $93 and $95 for 2018 and 2017, respectively) |  | 2018-2022 |  |  | 22,764 |  |  |  | 28,476 |
5.69% (net of unamortized debt issuance cost of $1 and $12 for 2018 and 2017, respectively) |  | 2018 |  |  | 5,713 |  |  |  | 5,703 |
Debt of foreign subsidiaries |  |  |  |  |  |  |  |  |  |
Unsecured bank debt, foreign currency |  | 2018 |  |  | 2,972 |  |  |  | 1,786 |
Total debt |  |  |  | $ | 286,237 |  |  | $ | 290,799 |
Less current maturities |  |  |  |  | 23,686 |  |  |  | 22,500 |
Long-term debt |  |  |  | $ | 262,551 |  |  | $ | 268,299 |
On January 30, 2018, the Company entered into a five year committed $350 million multi-currency revolving credit facility that matures on January 30, 2023 with a syndicate of banks. This credit facility replaced the Company’s prior $125 million credit agreement. The Company’s outstanding Note Purchase Agreements were amended effective January 30, 2018 to make certain covenants consistent with those included in the revolving credit agreement. 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, 2018, the Company had outstanding letters of credit totaling $5,041,000 and no outstanding debt under the revolving credit agreement. There was $344,959,000 available under the revolving credit agreement as of September 30, 2018. The Company’s 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 $169,388,000 and $190,495,000 at September 30, 2018 and December 31, 2017, respectively.

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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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