Debt (Tables)

12 Months Ended

Dec. 31, 2012

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

(in thousands)	2012		2011
4.47% senior notes due November 2018	$	25,000	$	25,000
4.14% senior notes due November 2017		25,000		25,000
4.91% senior notes due through May 2017		110,000		110,000
3.77% senior notes due November 2016		25,000		25,000
7.31% senior notes due November 2013		25,000		25,000
5.85% Euro-denominated senior notes due November 2013		25,508		25,061
Long-term revolving loan agreement		95,419		73,814
Various other notes		3,052		3,547
		333,979		312,422
Less current maturities		—		—
Total long-term debt	$	333,979	$	312,422

Restrictive loan covenants

Substantially all of the senior loan agreements contain restrictions concerning interest coverage, borrowings, investments and tangible net worth amounts. The Company is in compliance with all of these restrictions at December 31, 2012. The following table summarizes the Company's most restrictive loan covenants calculated in accordance with the applicable agreements as of December 31, 2012:

(dollars in thousands)	Actual		Required
Debt to EBITDA (Maximum)		1.51		3.50
Net Worth (Minimum)	$	1,153,898	$	816,847
Interest Coverage (Minimum)		7.31		2.00

Short-term borrowings

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

(in thousands)	2012		2011
Direct borrowings under the revolving loan agreement	$	—	$	5,000
Uncommitted loans		16,950		12,434
Loans of foreign subsidiaries		3,098		5,540
Total	$	20,048	$	22,974