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Debt (Tables)
12 Months Ended
Dec. 31, 2017
Debt Disclosure [Abstract]  
Debt

Debt comprised the following at December 31, 2017 and 2016:

 

(In thousands)

 

Maturity

Dates

 

December 31,

2017

 

 

December 31,

2016

 

Unsecured private placement notes

 

 

 

 

 

 

 

 

 

 

3.95% (net of unamortized debt issuance cost of $346 and

   $382 for 2017 and 2016, respectively)

 

2021-2027

 

$

99,654

 

 

$

99,618

 

3.86% (net of unamortized debt issuance cost of $343 and

   $390 for 2017 and 2016, respectively)

 

2019-2025

 

 

99,657

 

 

 

99,610

 

4.86% (net of unamortized debt issuance cost of $191 and

   $225 for 2017 and 2016, respectively)

 

2018-2023

 

 

55,523

 

 

 

64,775

 

5.88% (net of unamortized debt issuance cost of $95 and

   $116 for 2017 and 2016, respectively)

 

2018-2022

 

 

28,476

 

 

 

34,170

 

5.69% (net of unamortized debt issuance cost of $12 and

   $28 for 2017 and 2016, respectively)

 

2018

 

 

5,703

 

 

 

11,400

 

Debt of foreign subsidiaries

 

 

 

 

 

 

 

 

 

 

Unsecured bank debt, foreign currency

 

2018

 

 

1,786

 

 

 

432

 

Secured bank debt, foreign currency

 

2018

 

 

 

 

 

7,008

 

Total debt

 

 

 

$

290,799

 

 

$

317,013

 

Less current maturities

 

 

 

 

22,500

 

 

 

28,154

 

Long-term debt

 

 

 

$

268,299

 

 

$

288,859

 

 

Schedule of Net Interest Expense

Net interest expense for the years ended December 31, 2017, 2016 and 2015, comprised the following:  

 

(In thousands)

 

2017

 

 

2016

 

 

2015

 

Interest expense

 

$

14,428

 

 

$

15,240

 

 

$

15,488

 

Interest income

 

 

(2,075

)

 

 

(1,247

)

 

 

(217

)

 

 

 

12,353

 

 

 

13,993

 

 

 

15,271

 

Capitalized interest

 

 

(909

)

 

 

(788

)

 

 

(738

)

Interest expense, net

 

$

11,444

 

 

$

13,205

 

 

$

14,533