DEBT (Tables)

12 Months Ended

Dec. 31, 2022

At December 31, 2022 and 2021, our revolving credit facility and overdrafts consisted of the following:


	2022		2021
Revolving credit facility 1.68%	$	—	$	144,383
Overdrafts 15.37%	3,810		2,893
	$	3,810	$	147,276

Schedule of long-term obligations

At December 31, 2022 and 2021, our long-term obligations consisted of the following:


	December 31, 2022		December 31, 2021
Notes payable 0.00% – 16.42%, due in monthly and annual installments through 2030	$	29,167	$	22,785
Senior unsecured notes 3.2%, due in 2022	—		75,000
Senior unsecured debts 2.19% USD floating swapped to 1.36% EUR fixed, due in 2022	—		56,000
Senior unsecured notes 3.5%, due in 2023	—		125,000
Senior unsecured notes 1.0%, due in 2023	106,995		113,830
Senior unsecured notes 3.4%, due in 2024	50,000		50,000
Senior unsecured notes 3.5%, due in 2024	100,000		100,000
Senior unsecured notes 1.2%, due in 2024	213,990		227,660
Senior unsecured notes 3.6%, due in 2025	125,000		125,000
Senior unsecured notes 3.6%, due in 2026	125,000		125,000
Senior unsecured notes 3.6%, due in 2032, net of discount of $1.0 million	399,050		—
Finance Lease Liabilities	26,934		30,185
Unamortized debt issuance costs	(4,558)		(1,085)
	$	1,171,578	$	1,049,375
Current maturities of long-term obligations	(118,981)		(142,351)
Total long-term obligations	$	1,052,597	$	907,024

Schedule of maturities of long-term debt

The aggregate long-term maturities, excluding finance lease liabilities, which are discussed in Note 8, due annually for the next five years and thereafter are:


2023	$	115,815
2024	369,183
2025	133,313
2026	131,647
2027	73
Thereafter	399,171

Schedule of covenants on revolving credit facility and corporate long-term obligations

Our revolving credit facility and corporate long-term obligations require us to satisfy certain financial and other covenants including:


	Requirement	Level at December 31, 2022
Consolidated Leverage Ratio (1)	Maximum of 3.50 to 1.00	1.71 to 1.00
Consolidated Interest Coverage Ratio (1)	Minimum of 3.00 to 1.00	15.00 to 1.00

(1)Definitions of ratios are included as part of the revolving credit facility agreement and the private placement agreements.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details