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LONG-TERM DEBT (Tables)
12 Months Ended
Dec. 31, 2011
LONG-TERM DEBT  
Schedule of long-term debt

 

(dollars in thousands)

 

2011

 

2010

 

Commercial paper payable through 2012 at a weighted-average interest rate of 0.4%

 

$

46,500

 

$

158,750

 

Notes payable in 2012 at an interest rate of 4.875%

 

300,000

 

300,000

 

Industrial revenue bond payable in 2012 at an interest rate of 1.6%

 

8,000

 

8,000

 

Notes payable in 2014, at an interest rate of 5.65% less unamortized discount of $349 and $484, respectively

 

399,651

 

399,516

 

Notes payable in 2019, at an interest rate of 6.8% less unamortized discount of $938 and $1,061, respectively

 

399,062

 

398,939

 

Notes payable in 2021, at an interest rate of 4.5% includes $3,268 fair value of interest rate swap, less unamortized discount of $2,534

 

400,734

 

 

Debt of subsidiary companies payable through 2013 at interest rates of 7.3% to 20.6%

 

13,585

 

20,469

 

Obligations under capital leases

 

629

 

792

 

 

 

 

 

 

 

Total debt

 

1,568,161

 

1,286,466

 

Less current portion

 

13,411

 

2,941

 

Total long-term debt

 

$

1,554,750

 

$

1,283,525