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Debt (Tables)
12 Months Ended
Dec. 31, 2015
Debt Disclosure [Abstract]  
Debt

Debt comprised the following at December 31, 2015 and 2014:

 

 

(In thousands)

 

Maturity

Dates

 

December 31,

2015

 

 

December 31,

2014

 

Unsecured private placement notes

 

 

 

 

 

 

 

 

 

 

      3.95%

 

2021-2027

 

$

100,000

 

 

$

—

 

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%

 

2016-2018

 

 

17,142

 

 

 

22,857

 

6.86%

 

2015

 

 

—

 

 

 

4,284

 

Unsecured U.S. bank debt

 

2019

 

 

—

 

 

 

20,000

 

Debt of foreign subsidiaries

 

 

 

 

 

 

 

 

 

 

Unsecured bank debt, foreign currency

 

2016

 

 

4,810

 

 

 

12,043

 

Unsecured bank term loan, foreign currency

 

2021

 

 

3,724

 

 

 

4,840

 

Secured bank term loan, foreign currency

 

2015

 

 

—

 

 

 

2,723

 

Secured bank debt, foreign currency

 

2016

 

 

1,947

 

 

 

1,638

 

Unsecured bank debt, U.S. dollars

 

2015

 

 

—

 

 

 

546

 

Total debt

 

 

 

$

332,623

 

 

$

273,931

 

Less current maturities

 

 

 

 

18,806

 

 

 

27,034

 

Long-term debt

 

 

 

$

313,817

 

 

$

246,897

 

 

Schedule of Net Interest Expense

Net interest expense for the years ended December 31, 2015, 2014 and 2013, comprised the following:

 

 

(In thousands)

 

2015

 

 

2014

 

 

2013

 

Interest expense

 

$

15,488

 

 

$

12,542

 

 

$

11,104

 

Interest income

 

 

(217

)

 

 

(262

)

 

 

(57

)

 

 

 

15,271

 

 

 

12,280

 

 

 

11,047

 

Capitalized interest

 

 

(738

)

 

 

(839

)

 

 

(689

)

Interest expense, net

 

$

14,533

 

 

$

11,441

 

 

$

10,358