Debt (Tables)

12 Months Ended

Dec. 31, 2011

Long-term debt consisted of the following unsecured obligations at December 31:

(in thousands)	2011		2010
4.47% senior notes due November 2018	$	25,000	$	-
4.14% senior notes due November 2017		25,000		-
4.91% senior notes due through May 2017		110,000		110,000
3.77% senior notes due November 2016		25,000		-
7.31% senior notes due November 2013		25,000		25,000
5.85% Euro-denominated senior notes due November 2013		25,061		25,876
5.78% Euro-denominated senior notes due November 2011		-		51,753
7.17% senior notes due November 2011		-		30,000
6.68% senior notes due January 2011		-		2,143
Long-term revolving loan agreement		73,814		28,871
Floating rate term loan		-		46,625
Various other notes		3,547		4,092
		312,422		324,360
Less current maturities		-		-
Total long-term debt	$	312,422	$	324,360

Restrictive loan covenants

The following table summarizes the Company's most restrictive loan covenants calculated in accordance with the applicable agreements as of December 31, 2011:

(dollars in thousands)	Actual		Required
Debt to EBITDA (Maximum)		1.44		3.50
Net Worth (Minimum)	$	1,049,210	$	754,892
Interest Coverage (Minimum)		6.53		2.00

Short-term borrowings

The Company's short-term borrowings consisted of the following items at December 31:

(in thousands)	2011		2010
Direct borrowings under the revolving loan agreement	$	5,000	$	-
Uncommitted loans		12,434		20,476
Loans of foreign subsidiaries		5,540		4,974
Total	$	22,974	$	25,450