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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