XML 24 R13.htm IDEA: XBRL DOCUMENT v3.22.2.2
Debt
 9 Months Ended
Sep. 30, 2022
Debt [Abstract]  
Debt

5.  Debt

 
As of
Sep. 30, 2022
    
As of
Dec. 31, 2021
  
                 
8.43% Senior Notes, Series D, due 2022
  
$
7,500
    
$
7,500
  
Variable Rate Pennsylvania Economic Development Financing Authority Exempt Facilities Revenue Refunding Bonds, Series 2008A, due 2029
    
12,000
      
12,000
  
3.00% Pennsylvania Economic Development Financing Authority Exempt Facilities Revenue Refunding Bonds, Series A of 2019, due 2036
    
10,500
      
10,500
  
3.10% Pennsylvania Economic Development Financing Authority Exempt Facilities Revenue Refunding Bonds, Series B of 2019, due 2038
    
14,870
      
14,870
  
3.23% Senior Notes, due 2040
    
15,000
      
15,000
  
4.00% - 4.50% York County Industrial Development Authority Exempt Facilities Revenue Bonds, Series 2015, due 2029 - 2045
    
10,000
      
10,000
  
4.54% Senior Notes, due 2049
    
20,000
      
20,000
  
3.24% Senior Notes, due 2050
    
30,000
      
30,000
  
Committed Line of Credit, due September 2024
    
7,107
      
29,320
  
Total long-term debt
    
126,977
      
149,190
  
Less discount on issuance of long-term debt
    
(161
)
    
(169
)
Less unamortized debt issuance costs
    
(2,528
)
    
(2,652
)
 Less current maturities     (7,500 )     (7,500 )
Long-term portion
  
$
116,788
    
$
138,869
  

In the third quarter of 2022, the Company renewed its committed line of credit and extended the maturity date to September 2024.  As part of the renewal, the interest rate will change from LIBOR plus 1.05% to a successor rate of the Secured Overnight Financing Rate, or SOFR, plus 1.17% on January 1, 2023, in advance of the likely discontinuation of LIBOR in 2023.  No other terms or conditions of the line of credit agreement were modified.