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Debt (Tables)
12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Debt

Debt comprised the following at December 31, 2019 and 2018:

 

(In thousands)

 

Maturity

Dates

 

December 31,

2019

 

 

December 31,

2018

 

Unsecured private placement notes

 

 

 

 

 

 

 

 

 

 

3.95% (net of unamortized debt issuance cost of $316 and

    $360 for 2019 and 2018, respectively)

 

2021-2027

 

$

99,684

 

 

$

99,640

 

3.86% (net of unamortized debt issuance cost of $291 and

    $347 for 2019 and 2018, respectively)

 

2020-2025

 

 

85,423

 

 

 

99,653

 

4.86% (net of unamortized debt issuance cost of $147 and

    $186 for 2019 and 2018, respectively)

 

2020-2023

 

 

36,996

 

 

 

46,243

 

5.88% (net of unamortized debt issuance cost of $0 and

    $85 for 2019 and 2018, respectively)

 

2019

 

 

 

 

 

22,772

 

Debt of foreign subsidiaries

 

 

 

 

 

 

 

 

 

 

Unsecured bank debt, foreign currency

 

2019

 

 

 

 

 

7,772

 

Total debt

 

 

 

$

222,103

 

 

$

276,080

 

Less current maturities

 

 

 

 

23,571

 

 

 

37,058

 

Long-term debt

 

 

 

$

198,532

 

 

$

239,022

 

Schedule of Net Interest Expense

Net interest expense for the years ended December 31, 2019, 2018 and 2017, comprised the following:  

 

(In thousands)

 

2019

 

 

2018

 

 

2017

 

Interest expense

 

$

12,744

 

 

$

13,360

 

 

$

14,428

 

Interest income

 

 

(5,717

)

 

 

(1,829

)

 

 

(2,075

)

 

 

 

7,027

 

 

 

11,531

 

 

 

12,353

 

Capitalized interest

 

 

(1,095

)

 

 

(760

)

 

 

(909

)

Interest expense, net

 

$

5,932

 

 

$

10,771

 

 

$

11,444