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Debt (Tables)
12 Months Ended
Dec. 31, 2014
Debt Disclosure [Abstract]  
Debt

Debt comprised the following at December 31, 2014 and 2013:

 

(In thousands)

 

Maturity
Dates

 

 

December 31,
2014

 

 

December 31,
2013

 

Unsecured private placement notes

 

 

 

 

 

 

 

 

 

 

 

 

3.86%

 

 

2019-2025

 

 

$

100,000

 

 

$

100,000

 

4.86%

 

 

2017-2023

 

 

 

65,000

 

 

 

65,000

 

5.88%

 

 

2016-2022

 

 

 

40,000

 

 

 

40,000

 

5.69%

 

 

2015-2018

 

 

 

22,857

 

 

 

28,571

 

6.86%

 

 

2015

 

 

 

4,284

 

 

 

8,570

 

Unsecured U.S. bank debt

 

 

2019

 

 

 

20,000

 

 

 

 

Debt of foreign subsidiaries

 

 

 

 

 

 

 

 

 

 

 

 

Unsecured bank debt, foreign currency

 

 

2015

 

 

 

12,043

 

 

 

19,488

 

Unsecured bank term loan, foreign currency

 

 

2021

 

 

 

4,840

 

 

 

 

Secured bank term loan, foreign currency

 

 

2015

 

 

 

2,723

 

 

 

5,843

 

Secured bank debt, foreign currency

 

 

2015

 

 

 

1,638

 

 

 

2,153

 

Unsecured bank debt, U.S. dollars

 

 

2015

 

 

 

546

 

 

 

998

 

Total debt

 

 

 

 

 

$

273,931

 

 

$

270,623

 

Less current maturities

 

 

 

 

 

 

27,034

 

 

 

35,377

 

Long-term debt

 

 

 

 

 

$

246,897

 

 

$

235,246

 

 

Schedule of Net Interest Expense

Net interest expense for the years ended December 31, 2014, 2013 and 2012, comprised the following:

 

(In thousands)

 

2014

 

 

2013

 

 

2012

 

Interest expense

 

$

12,542

 

 

$

11,104

 

 

$

9,998

 

Interest income

 

 

(262

 

 

(57

)

 

 

(112

)

 

 

 

12,280

 

 

 

11,047

 

 

 

9,886

 

Capitalized interest

 

 

(839

 

 

(689

)

 

 

(287

)

Interest expense, net

 

$

11,441

 

 

$

10,358

 

 

$

9,599