Debt and Commitments (Tables)

12 Months Ended

Dec. 31, 2015

Long-term debt and notes and overdrafts payable at December 31 consisted of:



	2015				2014
	Carrying Amount			Fair Value	Carrying Amount			Fair Value
Revolving credit agreement	379,700			375,188	393,518			394,917
3.97% Senior Notes	100,000			102,484	100,000			102,859
Borrowings under lines of credit and overdrafts	22,680			22,680	8,028			8,028
Capital leases	7,105			7,503	3,188			3,479
Other foreign bank borrowings	421			410	—			—
	509,906			508,265	504,734			509,283
Less current maturities	(24,195		)		(8,890		)
Long-term debt	$	485,711			$	495,844

Schedule of Interest Expense on Convertible Notes

The following table sets forth the components of interest expense for the Notes for the years ended December 31, 2014 and 2013. The effective interest rate on the liability component of the Notes was 8.00% (life of the Notes).



	2014		2013
Interest expense – 3.375% coupon	$	1,046	$	1,878
Interest expense – 3.375% debt discount amortization	731		2,391
	$	1,777	$	4,269