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Debt and Commitments (Tables)
12 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
Schedule of Debt
Long-term debt and notes and overdrafts payable at December 31 consisted of:
 
 
2016
 
2015
 
 
Carrying
Amount
 
Fair
Value
 
Carrying
Amount
 
Fair
Value
Revolving credit agreement
 
363,300

 
364,775

 
379,700

 
375,188

3.97% Senior Notes
 
100,000

 
101,598

 
100,000

 
102,484

Borrowings under lines of credit and overdrafts
 
30,825

 
30,825

 
22,680

 
22,680

Capital leases
 
5,413

 
5,902

 
7,105

 
7,503

Other foreign bank borrowings
 
1,416

 
1,428

 
421

 
410

 
 
500,954

 
504,528

 
509,906

 
508,265

Less current maturities
 
(32,892
)
 
 
 
(24,195
)
 
 
Long-term debt
 
$
468,062

 
 
 
$
485,711

 
 
Schedule of Interest Expense on Convertible Notes
The following table sets forth the components of interest expense for the Notes for the year ended December 31, 2014. The effective interest rate on the liability component of the Notes was 8.00% (life of the Notes).
 
 
2014
Interest expense – 3.375% coupon
$
1,046

Interest expense – 3.375% debt discount amortization
731

 
$
1,777