DEBT (Tables)

6 Months Ended

Jun. 30, 2020

DEBT

Schedule of short-term debt

	June 30,		December 31,
	2020		2019
Notes payable 8.00%	$	831	$	1,436
Revolving credit facility 1.28%		150,000		25,000
Overdrafts 5.68% - 7.82%		—		17,823
	$	150,831	$	44,259

Schedule of long-term obligations

At June 30, 2020, our long-term obligations consisted of the following:

			Unamortized
			Debt Issuance
	Principal		Costs		Net
Notes payable 0.00% – 10.90%, due in monthly and annual installments through 2028	$	15,358	$	—	$	15,358
Senior unsecured notes 3.2%, due in 2022		75,000		52		74,948
Senior unsecured debts 2.4% USD floating swapped to 1.36% EUR fixed, equal annual installments through 2022		168,000		315		167,685
Senior unsecured notes 3.5%, due in 2023		125,000		126		124,874
Senior unsecured notes 1.0%, due in 2023		112,340		326		112,014
Senior unsecured notes 3.4%, due in 2024		50,000		56		49,944
Senior unsecured notes 3.5%, due in 2024		100,000		126		99,874
Senior unsecured notes 1.2%, due in 2024		224,680		661		224,019
Senior unsecured notes 3.6%, due in 2025		125,000		145		124,855
Senior unsecured notes 3.6%, due in 2026		125,000		145		124,855
Finance Lease Liabilities		30,564		—		30,564
	$	1,150,942	$	1,952	$	1,148,990
Current maturities of long-term obligations		(66,248)		—		(66,248)
Total long-term obligations	$	1,084,694	$	1,952	$	1,082,742

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

			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
Senior unsecured notes 3.5%, due in 2023		125,000		144		124,856
Senior unsecured notes 1.0%, due in 2023		112,170		356		111,814
Senior unsecured notes 3.4%, due in 2024		50,000		63		49,937
Senior unsecured notes 3.5%, due in 2024		100,000		144		99,856
Senior unsecured notes 1.2%, due in 2024		224,340		742		223,598
Senior unsecured notes 3.6%, due in 2025		125,000		169		124,831
Senior unsecured notes 3.6%, due in 2026		125,000		169		124,831
Finance Lease Liabilities		29,952		—		29,952
	$	1,153,682	$	2,241	$	1,151,441
Current maturities of long-term obligations		(65,988)		—		(65,988)
Total long-term obligations	$	1,087,694	$	2,241	$	1,085,453

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

	Requirement	Level at June 30, 2020
Consolidated Leverage Ratio (1)	Maximum of 3.50 to 1.00	1.98 to 1.00
Consolidated Interest Coverage Ratio (1)	Minimum of 3.00 to 1.00	15.50 to 1.00

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