Debt (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Schedule of Short-term and Long-term Debt

The Company’s short-term and long-term debt at December 31, 2022 and 2021 consisted of the following:

	December 31,
(in thousands)	2022		2021
Short-term debt – non-recourse	$	81,475	$	65,485
Short-term debt – recourse	191,100		436,307
Total short-term debt	272,575		501,792
Current maturities of long-term debt – non-recourse	63,815		7,601
Current maturities of long-term debt – recourse	46,340		24,655
Total current maturities of long-term debt	110,155		32,256
Long-term debt, less: current maturities – non-recourse	414		64,972
Long-term debt, less: current maturities – recourse	492,104		535,515
Total long-term debt, less: current maturities	$	492,518	$	600,487

Schedule of Long-term Debt

	December 31,
(in thousands, except percentages)	2022		2021
Note payable, variable rate (6.08% at December 31, 2022), payable in increasing amounts plus interest, due 2029	$	201,524	$	212,500
Note payable, variable rate (5.96% at December 31, 2022), payable in increasing amounts plus interest, due 2027	135,352		142,500
Note payable, 4.50%, payable at maturity, due 2034 (a)	95,500		99,090
Note payable, 4.85%, payable at maturity, due 2026	25,000		25,000
Note payable, 4.55%, payable at maturity, due 2023	24,000		24,000
Industrial revenue bond, variable rate (4.81% at December 31, 2022), payable at maturity, due 2036	21,000		21,000
Note payable, 4.50%, payable at maturity, due 2030	16,000		16,000
Note payable, 5.00%, payable at maturity, due 2040	14,000		14,000
Finance lease obligations, due serially to 2030 (a)	9,071		10,135
	541,447		564,225
Less: current maturities	46,340		24,655
Less: unamortized prepaid debt issuance costs	3,003		4,055
	$	492,104	$	535,515

(a) Debt is collateralized by first mortgages on certain facilities and related equipment or other assets with a book value of $56.6 million

The Company's non-recourse long-term debt consists of the following:

	December 31,
(in thousands)	2022		2021
Note payable, variable rate (7.59% at December 31, 2022), payable at maturity, due 2023 (a)	$	63,335	$	70,000
Finance lease obligations, due serially to 2024	894		2,745
	64,229		72,745
Less: current maturities	63,815		7,601
Less: unamortized prepaid debt issuance costs	—		172
	$	414	$	64,972

(a) Debt is collateralized by a first mortgages on the ELEMENT facility and related equipment or other assets with a book value of $128.9 million.