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Long-Term Debt and Loan Agreements (Tables)
12 Months Ended
Dec. 31, 2015
Debt Disclosure [Abstract]  
Schedule of Long Term Debt

Long-term debt at December 31, 2015 and 2014 consisted of the following:

 

 

 

2015

 

 

2014

 

Loan Agreement

 

$

93,512

 

 

$

137,109

 

4.67% Senior Unsecured Notes due 2021

 

 

40,000

 

 

 

40,000

 

5.25% Senior Unsecured Notes due 2024

 

 

11,000

 

 

 

11,000

 

5.30% Senior Unsecured Notes due 2024

 

 

29,000

 

 

 

29,000

 

5.45% Senior Unsecured Notes due 2026

 

 

20,000

 

 

 

20,000

 

 

 

 

193,512

 

 

 

237,109

 

Less unamortized deferred financing costs

 

 

506

 

 

 

680

 

 

 

$

193,006

 

 

$

236,429

 

 

Schedule of Debt Ratios

The ratios as of December 31, 2015 are shown in the following table:

 

 

 

Required Level

 

Actual Level

 

Interest Coverage Ratio

 

3.00 to 1 (minimum)

 

 

7.52

 

Leverage Ratio

 

3.25 to 1 (maximum)

 

 

2.55