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DEBT (Tables)
3 Months Ended
Mar. 31, 2020
DEBT  
Schedule of short-term debt

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March 31,

​

December 31,

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2020

    

2019

    

Notes payable 8.10% due in 2020

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$

2,664

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$

1,436

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Revolving credit facility 1.88% due in 2020

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​

200,000

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​

25,000

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Overdrafts 5.68% - 7.82% due in 2020

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​

17,847

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​

17,823

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​

​

$

220,511

​

$

44,259

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Schedule of long-term obligations

At March 31, 2020, our long-term obligations consisted of the following:

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​

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Unamortized

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​

    

Debt Issuance

    

​

 

​

    

Principal

    

Costs

    

Net

 

Notes payable 0.00% – 10.90%, due in monthly and annual installments through 2028

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$

15,551

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$

—

​

$

15,551

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Senior unsecured notes 3.2%, due in 2022

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75,000

​

 

59

​

 

74,941

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Senior unsecured debts 3.1% USD floating swapped to 1.36% EUR fixed, equal annual installments through 2022

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168,000

​

 

352

​

 

167,648

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Senior unsecured notes 3.5%, due in 2023

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​

125,000

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​

135

​

​

124,865

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Senior unsecured notes 1.0%, due in 2023

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​

110,315

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​

341

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​

109,974

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Senior unsecured notes 3.4%, due in 2024

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50,000

​

 

60

​

 

49,940

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Senior unsecured notes 3.5%, due in 2024

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​

100,000

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​

135

​

​

99,865

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Senior unsecured notes 1.2%, due in 2024

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​

220,630

​

​

701

​

​

219,929

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Senior unsecured notes 3.6%, due in 2025

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​

125,000

​

​

157

​

​

124,843

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Senior unsecured notes 3.6%, due in 2026

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​

125,000

​

​

157

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​

124,843

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Finance Lease Liabilities

​

 

28,395

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—

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28,395

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​

​

$

1,142,891

​

$

2,097

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$

1,140,794

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Current maturities of long-term obligations

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(65,049)

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—

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(65,049)

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Total long-term obligations

​

$

1,077,842

​

$

2,097

​

$

1,075,745

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​

At December 31, 2019, our long-term obligations consisted of the following:

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Unamortized

​

​

​

​

    

​

    

Debt Issuance

    

​

​

​

    

Principal

    

Costs

    

Net

 

Notes payable 0.00% – 10.90%, due in monthly and annual installments through 2028

​

$

19,220

​

$

—

​

$

19,220

​

Senior unsecured notes 3.2%, due in 2022

​

 

75,000

​

 

64

​

 

74,936

​

Senior unsecured debts 3.2% USD floating swapped to 1.36% EUR fixed, equal annual installments through 2022

​

 

168,000

​

 

390

​

 

167,610

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Senior unsecured notes 3.5%, due in 2023

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​

125,000

​

​

144

​

​

124,856

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Senior unsecured notes 1.0%, due in 2023

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​

112,170

​

​

356

​

​

111,814

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Senior unsecured notes 3.4%, due in 2024

​

 

50,000

​

 

63

​

 

49,937

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Senior unsecured notes 3.5%, due in 2024

​

​

100,000

​

​

144

​

​

99,856

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Senior unsecured notes 1.2%, due in 2024

​

​

224,340

​

​

742

​

​

223,598

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Senior unsecured notes 3.6%, due in 2025

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​

125,000

​

​

169

​

​

124,831

​

Senior unsecured notes 3.6%, due in 2026

​

​

125,000

​

​

169

​

​

124,831

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Finance Lease Liabilities

​

 

29,952

​

 

—

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29,952

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​

​

$

1,153,682

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$

2,241

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$

1,151,441

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Current maturities of long-term obligations

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(65,988)

​

​

—

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​

(65,988)

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Total long-term obligations

​

$

1,087,694

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$

2,241

​

$

1,085,453

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

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Requirement

    

Level at March 31, 2020

Consolidated Leverage Ratio (1)

 

Maximum of 3.50 to 1.00

 

1.73 to 1.00

Consolidated Interest Coverage Ratio (1)

 

Minimum of 3.00 to 1.00

 

16.32 to 1.00

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