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Debt (Tables)
12 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
Debt

Debt comprised the following at December 31, 2016 and 2015:

 

(In thousands)

 

Maturity

Dates

 

December 31,

2016

 

 

December 31,

2015 (1)

 

Unsecured private placement notes

 

 

 

 

 

 

 

 

 

 

3.95% (net of unamortized debt issuance cost of

    $382 and $383 for 2016 and 2015, respectively)

 

2021-2027

 

$

99,618

 

 

$

99,617

 

3.86% (net of unamortized debt issuance cost of

    $390 and $440 for 2016 and 2015, respectively)

 

2019-2025

 

 

99,610

 

 

 

99,560

 

4.86% (net of unamortized debt issuance cost of

    $225 and $260 for 2016 and 2015, respectively)

 

2017-2023

 

 

64,775

 

 

 

64,740

 

5.88% (net of unamortized debt issuance cost of

    $116 and $140 for 2016 and 2015, respectively)

 

2017-2022

 

 

34,170

 

 

 

39,860

 

5.69% (net of unamortized debt issuance cost of

    $28 and $46 for 2016 and 2015, respectively)

 

2017-2018

 

 

11,400

 

 

 

17,096

 

Debt of foreign subsidiaries

 

 

 

 

 

 

 

 

 

 

Unsecured bank debt, foreign currency

 

2017

 

 

432

 

 

 

4,810

 

Unsecured bank term loan, foreign currency

 

2021

 

 

 

 

 

3,724

 

Secured bank debt, foreign currency

 

2017

 

 

7,008

 

 

 

1,947

 

Total debt

 

 

 

$

317,013

 

 

$

331,354

 

Less current maturities

 

 

 

 

28,154

 

 

 

18,806

 

Long-term debt

 

 

 

$

288,859

 

 

$

312,548

 

 

Schedule of Net Interest Expense

Net interest expense for the years ended December 31, 2016, 2015 and 2014, comprised the following:  

 

(In thousands)

 

2016

 

 

2015

 

 

2014

 

Interest expense

 

$

15,240

 

 

$

15,488

 

 

$

12,542

 

Interest income

 

 

(1,247

)

 

 

(217

)

 

 

(262

)

 

 

 

13,993

 

 

 

15,271

 

 

 

12,280

 

Capitalized interest

 

 

(788

)

 

 

(738

)

 

 

(839

)

Interest expense, net

 

$

13,205

 

 

$

14,533

 

 

$

11,441