Short-Term Borrowing Short-Term Borrowing (Tables)

12 Months Ended

Dec. 31, 2014



					Outstanding borrowings at
(in thousands)	Total Facility		Interest Rate	Expiration Date	December 31, 2014		December 31, 2013		Available at December 31, 2014
Bank Credit Facility
Committed revolving credit facility A	$	55,000	LIBOR plus 1.25 percent	June 26, 2015	$	20,000	$	35,000	$	35,000
Committed revolving credit facility B	30,000		LIBOR plus 1.25 percent ⁽¹⁾	October 31, 2015	16,040		17,554		13,960
Committed revolving credit facility C	35,000		LIBOR plus 0.85 percent	December 22, 2015	—		—		35,000
Short-term revolving credit Note D	50,000		LIBOR plus 0.80 percent ⁽³⁾	October 31, 2015	50,000		40,000		—
Uncommitted revolving credit facility E	20,000		Rate offered by the bank	June 26, 2015	—		—		20,000
Uncommitted revolving credit facility F ⁽²⁾	20,000		Rate offered by the bank	October 31, 2015	—		10,000		20,000
Total short term credit facilities	$	210,000			$	86,040	$	102,554	$	123,960
Book overdrafts⁽⁴⁾					2,191		3,112
Total short-term borrowing					$	88,231	$	105,666

⁽¹⁾ This facility bears interest at LIBOR for the applicable period plus 1.25 percent, if requested three days prior to the advance date. If requested and

advanced on the same day, this facility bears interest at a base rate plus 1.25 percent.

⁽²⁾ We have issued $4.4 million in letters of credit under this credit facility as of December 31, 2014. There have been no draws on these letters of credit,

and we do not anticipate that they will be drawn upon by the counter-parties. We expect that the letters of credit will be renewed to the

extent necessary in the future.

⁽³⁾ At our discretion, the borrowings under this facility can bear interest at the lender's base rate plus 0.80 percent.

⁽⁴⁾ If presented, these book overdrafts would be funded through the bank revolving credit facilities.