Short-Term Borrowing Short-Term Borrowing (Tables)

12 Months Ended

Dec. 31, 2016



					Outstanding borrowings at
(in thousands)	Total Facility		Interest Rate	Expiration Date	December 31, 2016		December 31, 2015		Available at December 31, 2016
Bank Credit Facility
Committed revolving credit facility A	$	55,000	LIBOR plus 1.00 percent ⁽¹⁾	October 29, 2017	$	45,000	$	30,000	$	10,000
Committed revolving credit facility B	30,000		LIBOR plus 1.00 percent ⁽¹⁾	October 31, 2017	21,311		23,757		8,689
Short-term revolving credit Note C	50,000		LIBOR plus 0.80 percent ⁽²⁾	October 31, 2017	50,000		50,000		—
Committed revolving credit facility D	35,000		LIBOR plus 0.85 percent ⁽³⁾	December 19, 2017	35,000		30,000		—
Committed revolving credit facility E	150,000		LIBOR plus 1.00 percent ⁽¹⁾	October 8, 2020	50,000		35,000		100,000
Total short term credit facilities	$	320,000			$	201,311	$	168,757	$	118,689
Book overdrafts⁽⁴⁾					8,560		4,640
Total short-term borrowing					$	209,871	$	173,397

⁽¹⁾ This facility bears interest at LIBOR for the applicable period plus up to 1.00 percent, based on Total Indebtedness as a percentage of Total Capitalization.

⁽²⁾ At our discretion, the borrowings under this facility can bear interest at the lender's base rate plus 0.80 percent.

⁽³⁾At our discretion, the borrowing under this facility can bear interest at the lender's base rate plus 0.85 percent.

⁽⁴⁾ If presented, these book overdrafts would be funded through the bank revolving credit facilities.