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Debt (Tables) | 12 Months Ended
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Dec. 31, 2024
Debt Disclosure [Abstract] |
Debt | At December 31, 2024 and 2023, debt was comprised of the following:
(In thousands) |  | Maturity Dates |  | December 31, 2024 |  |  | December 31, 2023 |
Senior unsecured notes |  |  |  |  |  |  |  |
3.95% (net of unamortized debt issuance cost of $99 and $191 for 2024 and 2023, respectively) |  | 2025-2027 |  | $ | 42,759 |  |  | $ | 56,952 |
3.86% (net of unamortized debt issuance cost of $15 and $105 for 2024 and 2023, respectively) |  | 2025 |  |  | 14,270 |  |  |  | 28,466 |
2.30% (net of unamortized debt issuance cost of $77 and $142 for 2024 and 2023, respectively) |  | 2025-2028 |  |  | 39,923 |  |  |  | 49,858 |
2.37% (net of unamortized debt issuance cost of $83 and $148 for 2024 and 2023, respectively) |  | 2025-2028 |  |  | 39,917 |  |  |  | 49,852 |
2.73% (net of unamortized debt issuance cost of $70 and $175 for 2024 and 2023, respectively) |  | 2025-2031 |  |  | 99,930 |  |  |  | 99,825 |
2.83% (net of unamortized debt issuance cost of $60 and $134 for 2024 and 2023, respectively) |  | 2026-2032 |  |  | 74,940 |  |  |  | 74,866 |
Revolving credit facility and term loan borrowing |  | 2025 |  |  | 313,700 |  |  |  | 283,000 |
Debt of foreign subsidiaries |  |  |  |  |  |  |  |
Unsecured bank debt, foreign currency |  |  |  |  | — |  |  |  | 11,327 |
Total debt |  |  |  | $ | 625,439 |  |  | $ | 654,146 |
Less current maturities |  |  |  |  | 292,807 |  |  |  | 252,898 |
Long-term debt |  |  |  | $ | 332,632 |  |  | $ | 401,248 |
Schedule of Net Interest Expense | Net interest expense for the years ended December 31, 2024, 2023 and 2022, comprised the following:
(In thousands) |  | 2024 |  |  | 2023 |  |  | 2022 |
Interest expense |  | $ | 33,030 |  |  | $ | 29,361 |  |  | $ | 17,852 |
Interest income |  |  | (5,283 | ) |  |  | (3,843 | ) |  |  | (1,080 | )
|  |  | 27,747 |  |  |  | 25,518 |  |  |  | 16,772 |
Capitalized interest |  |  | (13,565 | ) |  |  | (13,415 | ) |  |  | (6,963 | )
Interest expense, net |  | $ | 14,182 |  |  | $ | 12,103 |  |  | $ | 9,809 |

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