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Debt (Tables)
12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Debt

Debt comprised the following at December 31, 2021 and 2020:

 

(In thousands)

 

Maturity

Dates

 

December 31,

2021

 

 

December 31,

2020

 

Unsecured private placement notes

 

 

 

 

 

 

 

 

 

 

3.95% (net of unamortized debt issuance cost of $230 and

    $273 for 2021 and 2020, respectively)

 

2022-2027

 

$

85,485

 

 

$

99,727

 

3.86% (net of unamortized debt issuance cost of 181 and

    $236 for 2021 and 2020, respectively)

 

2022-2025

 

 

56,962

 

 

 

71,193

 

4.86% (net of unamortized debt issuance cost of $69 and

    $108 for 2021 and 2020 respectively)

 

2022-2023

 

 

18,502

 

 

 

27,749

 

2.30% (net of unamortized debt issuance cost of $100 and

    $0 for 2021 and 2020, respectively)

 

2024-2028

 

 

49,900

 

 

 

 

2.37% (net of unamortized debt issuance cost of $108 and

    $0 for 2021 and 2020, respectively)

 

2024-2028

 

 

49,892

 

 

 

 

2.73% (net of unamortized debt issuance cost of $22 and

    $0 for 2021 and 2020, respectively)

 

2025-2031

 

 

99,978

 

 

 

 

Debt of foreign subsidiaries

 

 

 

 

 

 

 

 

 

 

Unsecured bank debt, foreign currency

 

2022

 

 

2,861

 

 

 

 

Total debt

 

 

 

$

363,580

 

 

$

198,669

 

Less current maturities

 

 

 

 

40,718

 

 

 

37,857

 

Long-term debt

 

 

 

$

322,862

 

 

$

160,812

 

Schedule of Net Interest Expense

Net interest expense for the years ended December 31, 2021, 2020 and 2019, comprised the following:  

 

(In thousands)

 

2021

 

 

2020

 

 

2019

 

Interest expense

 

$

10,145

 

 

$

9,859

 

 

$

12,744

 

Interest income

 

 

(1,255

)

 

 

(2,171

)

 

 

(5,717

)

 

 

 

8,890

 

 

 

7,688

 

 

 

7,027

 

Capitalized interest

 

 

(3,137

)

 

 

(2,279

)

 

 

(1,095

)

Interest expense, net

 

$

5,753

 

 

$

5,409

 

 

$

5,932