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Long-Term Debt and Loan Agreements (Tables)
12 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
Schedule of Long Term Debt

Long-term debt at December 31, 2016 and 2015 consisted of the following:

 

 

 

December 31,

 

 

December 31,

 

 

 

2016

 

 

2015

 

Loan Agreement

 

$

90,686

 

 

$

93,512

 

4.67% Senior Unsecured Notes due 2021

 

 

40,000

 

 

 

40,000

 

5.25% Senior Unsecured Notes due 2024

 

 

11,000

 

 

 

11,000

 

5.30% Senior Unsecured Notes due 2024

 

 

29,000

 

 

 

29,000

 

5.45% Senior Unsecured Notes due 2026

 

 

20,000

 

 

 

20,000

 

 

 

 

190,686

 

 

 

193,512

 

Less unamortized deferred financing costs

 

 

1,164

 

 

 

1,631

 

 

 

$

189,522

 

 

$

191,881

 

 

Schedule of Debt Ratios

The ratios as of December 31, 2016 are shown in the following table:

 

 

 

Required Level

 

Actual Level

 

Interest Coverage Ratio

 

3.00 to 1 (minimum)

 

 

8.30

 

Leverage Ratio

 

3.25 to 1 (maximum)

 

 

2.88