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Debt | 6 Months Ended
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Jun. 30, 2020
Debt Disclosure [Abstract] |
Debt |
14. | DEBT
At June 30, 2020, and December 31, 2019, debt was comprised of the following:
(In thousands) |  | Maturity Dates |  | June 30, 2020 |  |  | December 31, 2019 |
Unsecured private placement notes |  |  |  |  |  |  |  |  |  |
3.95% (net of unamortized debt issuance cost of $294 and $316 for 2020 and 2019, respectively) |  | 2021-2027 |  | $ | 99,705 |  |  | $ | 99,684 |
3.86% (net of unamortized debt issuance cost of $264 and $291 for 2020 and 2019, respectively) |  | 2020-2025 |  |  | 71,165 |  |  |  | 85,423 |
4.86% (net of unamortized debt issuance cost of $127 and $147 for 2020 and 2019, respectively) |  | 2020-2023 |  |  | 37,016 |  |  |  | 36,996 |
Total debt |  |  |  | $ | 207,886 |  |  | $ | 222,103 |
Less current maturities |  |  |  |  | 23,571 |  |  |  | 23,571 |
Long-term debt |  |  |  | $ | 184,315 |  |  | $ | 198,532 |
The Company has a committed $350,000,000 multi-currency revolving credit agreement that expires on January 30, 2023. 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 June 30, 2020, the Company had outstanding letters of credit totaling $5,476,000 and no borrowings under the revolving credit agreement. There was $344,524,000 available under the revolving credit agreement as of June 30, 2020. 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 $321,609,000 and $283,956,000 at June 30, 2020 and December 31, 2019, 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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