Short-Term Borrowing Short-Term Borrowing (Tables)

12 Months Ended

Dec. 31, 2017



					Outstanding borrowings at
(in thousands)	Total Facility		Interest Rate	Expiration Date	December 31, 2017		December 31, 2016		Available at December 31, 2017
Bank Credit Facility
Committed revolving credit facility A	$	55,000	LIBOR plus 1.00 percent ⁽¹⁾	October 28, 2018	$	55,000	$	45,000	$	—
Committed revolving credit facility B	30,000		LIBOR plus 1.00 percent ⁽¹⁾	October 31, 2018	20,500		21,311		9,500
Short-term revolving credit note C	50,000		LIBOR plus 0.80 percent ⁽²⁾	October 31, 2018	50,000		50,000		—
Committed revolving credit facility D	45,000		LIBOR plus 0.85 percent ⁽³⁾	October 31, 2018	40,171		35,000		4,829
Committed revolving credit facility E	40,000		LIBOR plus 0.85 percent ⁽³⁾	October 31, 2018	—		—		40,000
Committed revolving credit facility F⁽⁵⁾	150,000		LIBOR plus 1.00 percent ⁽¹⁾	October 08, 2020	75,000		50,000		75,000
Total short term credit facilities	$	370,000			$	240,671	$	201,311	$	129,329
Book overdrafts⁽⁴⁾					10,298		8,560
Total short-term borrowing					$	250,969	$	209,871

⁽¹⁾ This facility bears interest at LIBOR for the applicable period plus up to 1.00 percent, based on Total Indebtedness as a percentage of Total Capitalization.

⁽²⁾ At our discretion, the borrowings under this facility can bear interest at the lender's base rate plus 0.80 percent.

⁽³⁾At our discretion, the borrowing under this facility can bear interest at the lender's base rate plus 0.85 percent.

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

⁽⁵⁾This committed revolving credit facility includes a restriction that our short-term borrowings, excluding any borrowings under the committed revolving

credit facility, shall not exceed $200.0 million.