Short-Term Borrowing Short-Term Borrowing (Tables)

12 Months Ended

Dec. 31, 2015



					Outstanding borrowings at
(in thousands)	Total Facility		Interest Rate	Expiration Date	December 31, 2015		December 31, 2014		Available at December 31, 2015
Bank Credit Facility
Committed revolving credit facility A	$	55,000	LIBOR plus 1.25 percent	October 31, 2016	$	30,000	$	20,000	$	25,000
Committed revolving credit facility B	30,000		LIBOR plus 1.25 percent ⁽¹⁾	October 31, 2016	23,757		16,040		6,243
Committed revolving credit facility C	35,000		LIBOR plus 0.85 percent	December 20, 2016	30,000		—		5,000
Committed revolving credit facility D	150,000		LIBOR plus 1.25 percent ⁽²⁾	October 8, 2020	35,000		—		115,000
Short-term revolving credit Note E	50,000		LIBOR plus 0.80 percent ⁽³⁾	October 31, 2016	50,000		50,000		—
Total short term credit facilities	$	320,000			$	168,757	$	86,040	$	151,243
Book overdrafts⁽⁴⁾					4,640		2,191
Total short-term borrowing					$	173,397	$	88,231

⁽¹⁾ This facility bears interest at LIBOR for the applicable period plus up to 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 up to 1.25 percent.

⁽²⁾This facility bears interest at LIBOR for the applicable period plus 1.25 percent or less, based on Total Indebtedness as a percentage of Total Capitalization.

⁽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.