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Note Payable
12 Months Ended
Dec. 31, 2016
Notes Payable, Current [Abstract]  
Note Payable
Note Payable
We have one line of credit in 2016 and 2015 through multiple commercial banks with a borrowing capacity of
$225 million and an additional $50 million accordion feature. Our unsecured revolving credit facility has a term of five years that expires May 13, 2019. We had no compensating balance requirements on short-term debt for either 2016 or 2015. At December 31, 2016, $20 million was drawn on the line of credit. At December 31, 2015,
$35 million was drawn on the line of credit. The interest rate charged on our borrowings on this credit agreement ranged from 1.31 percent to 1.49 percent during 2016 and ranged from 1.07 percent to 1.19 percent during 2015.