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Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
Long-Term Debt Instrument
Long-term debt at December 31, 2016 and 2015 consisted of the following:
(in thousands)
December 31, 2016
 
December 31, 2015
Current portion of long-term debt:
 
 
 
Current portion of 5-year term loan facility expires 2019
$
55,000

 
$
48,125

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

 
25,000

Short-term promissory note
500

 

Total current portion of long-term debt
55,500

 
73,125

Long-term debt:
 
 
 
Note agreements:
 
 
 
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
498,785

 
498,628

Total notes
598,785

 
598,628

Credit agreements:
 
 
 
5-year term loan facility, periodic interest and principal payments, LIBOR plus up to 1.750%, expires May 20, 2019
426,250

 
481,250

5-year revolving loan facility, periodic interest payments, currently LIBOR plus up to 1.500%, plus commitment fees up to 0.250%, expires May 20, 2019

 

Revolving credit loan, quarterly interest payments, LIBOR plus up to 1.400% and availability fee up to 0.250%, expires December 31, 2016

 

Total credit agreements
426,250

 
481,250

Debt issuance costs (contra)
(6,663
)
 
(8,260
)
Total long-term debt less unamortized discount and debt issuance costs
1,018,372

 
1,071,618

Current portion of long-term debt
55,500

 
73,125

Total debt
$
1,073,872

 
$
1,144,743