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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