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Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2015
Debt Disclosure [Abstract]  
Long-Term Debt Instrument
Long-term debt at December 31, 2015 and 2014 consisted of the following:
(in thousands)
December 31, 2015
 
December 31, 2014
Current portion of long-term debt:
 
 
 
Current portion of 5-year term loan facility expires 2019
$
48,125

 
$
20,625

5.370% senior notes, Series D, quarterly interest payments, balloon due 2015

 
25,000

5.660% senior notes, Series C, semi-annual interest payments, balloon due 2016
25,000

 

Total current portion of long-term debt
73,125

 
45,625

Long-term debt:
 
 
 
Note agreements:
 
 
 
5.660% senior notes, Series C, semi-annual interest payments, balloon due 2016

 
25,000

4.500% senior notes, Series E, quarterly interest payments, balloon due 2018
100,000

 
100,000

4.200% senior notes, semi-annual interest payments, balloon due 2024
498,628

 
498,471

Total notes
598,628

 
623,471

Credit agreements:
 
 
 
5-year term-loan facility, periodic interest and principal payments, currently LIBOR plus up to 1.75%, expires May 20, 2019
481,250

 
529,375

5-year revolving-loan facility, periodic interest payments, currently LIBOR plus up to 1.50%, plus commitment fees up to 0.25%, expires May 20, 2019

 

Revolving credit loan, quarterly interest payments, LIBOR plus up to 1.40% and availability fee up to 0.25%, expires December 31, 2016

 

Total credit agreements
481,250

 
529,375

Total long-term debt
1,079,878

 
1,152,846

Current portion of long-term debt
73,125

 
45,625

Total debt
$
1,153,003

 
$
1,198,471