Debt (Tables)

12 Months Ended

Dec. 31, 2014

Debt Instrument [Line Items]

Long-term debt

The Company’s short-term and long-term debt at December 31, 2014 and 2013 consisted of the following:

	December 31,
(in thousands)	2014		2013
Short-term debt - non-recourse	$	—	$	—
Short-term debt - recourse	2,166		—
Total short-term debt	$	2,166	$	—
Current maturities of long -term debt – non-recourse	$	—	$	6,012
Current maturities of long-term debt – recourse	76,415		45,986
Total current maturities of long-term debt	$	76,415	$	51,998
Long-term debt, less current maturities – non-recourse	$	—	$	4,063
Long-term debt, less current maturities – recourse	298,638		371,150
Total long-term debt, less current maturities	$	298,638	$	375,213

Schedule of Short-term Debt

The following information relates to short-term borrowings:

	December 31,
(in thousands, except percentages)	2014			2013			2012
Maximum amount borrowed	$	270,600		$	315,000		$	553,400
Weighted average interest rate	1.69		%	1.92		%	1.96		%

Recourse

Debt Instrument [Line Items]

Long-term debt

Long-term debt consists of the following:

	December 31,
(in thousands, except percentages)	2014		2013
Senior note payable, 6.10%, payable at maturity, due 2014	$	—	$	25,000
Senior note payable, 6.12%, payable at maturity, due 2015	61,500		61,500
Senior note payable, 3.72%, payable at maturity, due 2017	25,000		25,000
Senior note payable, 6.78%, payable at maturity, due 2018	41,500		41,500
Note payable, 4.92%, $2 million annually ($2.3 million for 2014), plus interest, due 2021 (a)	24,911		27,178
Note payable, 4.76%, payable in increasing amounts ($1.8 million for 2014) plus interest, due 2028 (a)	51,818		53,600
Note payable, variable rate (2.66% at December 31, 2014), payable in increasing amounts ($1.2 million for 2014) plus interest, due 2023 (a)	21,791		23,015
Note payable, 3.29%, payable in increasing amounts ($1.2 million for 2014) plus interest, due 2022 (a)	24,159		25,366
Note payable, 4.23%, payable quarterly in varying amounts ($0.1 million for 2014) plus interest, due 2021 (a)	12,382		—
Notes payable, variable rate (1.40% at December 31, 2014), payable in varying amounts, ($22.4 million for 2014) plus interest, due 2016	5,043		22,120
Note payable, variable rate (1.57% at December 31, 2014), payable in increasing amounts ($1.0 million for 2014) plus interest, due 2023 (a)	10,890		11,865
Note payable, variable rate (0.97% at December 31, 2014), $0.7 million annually, plus interest, due 2016 (a)	8,050		8,750
Note payable, 8.5%, payable monthly in varying amounts ($1.0 million for 2014) plus interest, due 2016 (a)	—		988
Note payable, 4.76%, payable quarterly in varying amounts ($0.3 million for 2014) plus interest, due 2028 (a)	9,654		9,980
Note payable, 3.56%, payable monthly in varying amounts plus interest, due 2021 (a)	—		3,459
Industrial development revenue bonds:
Variable rate (2.54% at December 31, 2014), payable at maturity, due 2017 (a)	7,461		7,934
Variable rate (1.51% at December 31, 2014), payable at maturity, due 2019 (a)	4,650		4,650
Variable rate (1.49% at December 31, 2014), payable at maturity, due 2025 (a)	3,100		3,100
Variable rate (1.43% at December 31, 2014), payable at maturity, due 2036 (a)	21,000		21,000
Debenture bonds, 2.65% to 5.00%, due 2015 through 2029	42,098		41,131
Other notes payable and bonds	46		—
	375,053		417,136
Less: current maturities	76,415		45,986
	$	298,638	$	371,150

(a) Debt is collateralized by first mortgages on certain facilities and related equipment or other assets with a book value of$123.1 million