Long-Term Debt and Notes Payable

6 Months Ended

Jun. 30, 2012

Note 12 - Long-Term Debt and Notes Payable

The following table summarizes the Company’s debt as of June 30, 2012 and December 31, 2011:


(in thousands)	June 30, 2012		December 31, 2011
Long-term debt consists of:
5.50% notes due 2013	$	199,825	$	199,753
6.55% notes due 2036		199,178		199,161

Total long-term debt	$	399,003	$	398,914



Short-term borrowings	$	1,102	$	1,112

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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