Debt (Tables)

3 Months Ended

Mar. 31, 2023

Debt Disclosure [Abstract]

Debt

At March 31, 2023 and December 31, 2022, debt was comprised of the following:

(In thousands)	Maturity Dates	March 31, 2023		December 31, 2022
Senior unsecured notes
3.95% (net of unamortized debt issuance cost    of $175 and $186 for 2023 and 2022, respectively)	2023-2027	$	71,254	$	71,243
3.86% (net of unamortized debt issuance cost    of $112 and $125 for 2023 and 2022, respectively)	2023-2025		42,745		42,732
4.86% (net of unamortized debt issuance cost    of $19 and $30 for 2023 and 2022, respectively)	2023		9,266		9,260
2.30% (net of unamortized debt issuance cost    of $116 and $122 for 2023 and 2022, respectively)	2024-2028		49,884		49,878
2.37% (net of unamortized debt issuance cost    of $122 and $128 for 2023 and 2022, respectively)	2024-2028		49,878		49,872
2.73% (net of unamortized debt issuance cost    of $102 and $55 for 2023 and 2022, respectively)	2025-2031		99,898		99,945
2.83% (net of unamortized debt issuance cost    of $76 and $40 for 2023 and 2022, respectively)	2026-2032		74,924		74,960
Revolving credit facility and term loan borrowing	2023-2027		307,125		189,250
Debt of foreign subsidiaries
Unsecured bank debt, foreign currency	2023		6,066		-
Total debt		$	711,040	$	587,140
Less current maturities			257,298		132,111
Long-term debt		$	453,742	$	455,029

The Company's long-term debt financing is currently comprised of certain senior unsecured notes issued to insurance companies in private placement transactions, totaling $397,849,000 as of March 31, 2023. These notes are denominated in U.S. dollars and have fixed interest rates ranging from 2.30 percent to 4.86 percent. The notes had original maturities of seven to 12 years with mandatory principal payments beginning four, five and six years after issuance. The Company will be required to make principal payments on the currently outstanding notes from 2023 to 2032.