XML 70 R54.htm IDEA: XBRL DOCUMENT v3.8.0.1
Debt - Additional Information (Details)
€ in Millions
1 Months Ended 12 Months Ended
Feb. 28, 2017
USD ($)
Jun. 30, 2016
USD ($)
tranche
Dec. 31, 2017
USD ($)
Dec. 31, 2015
USD ($)
Dec. 31, 2016
USD ($)
Jun. 30, 2016
EUR (€)
Debt Instrument [Line Items]            
Debt instrument, interest rate     4.70%      
Repayments of debt $ 394,600,000          
Debt instrument, covenant terms     In accordance with the terms of the Facility, we are required to maintain a minimum interest coverage ratio of 3.50 (based on the ratio of EBITDA, as defined in the Credit Agreement, to interest expense) and may not exceed a maximum leverage ratio of 3.50 (based on the ratio of total debt to EBITDA) throughout the term of the Facility.      
Borrowings     $ 805,600,000   $ 684,400,000  
Unamortized deferred financing costs and debt discount     $ 3,100,000   4,000,000  
European term loan            
Debt Instrument [Line Items]            
Face value   $ 67,400,000        
Debt instrument, interest rate terms     The loan has two tranches of which the first tranche for €25 million has a six-month availability period at a rate of Euribor +1.2% and a final maturity date of June 30, 2023. The second tranche for €35 million has a one-year availability period at a rate of Euribor +1.25% and a final maturity date of June 30, 2024. There is a zero percent floor on the Euribor. The loans are payable in annual installments, that began on June 30, 2017 and beginning on June 30, 2019, respectively      
Number of tranches | tranche   2        
Debt instrument, payment terms     annual      
Required scheduled payments of debt in 2018     $ 4,300,000      
Required scheduled payments of debt in 2019     9,500,000      
Required scheduled payments of debt in 2020     9,500,000      
Required scheduled payments of debt in 2021     9,500,000      
Required scheduled payments of debt in 2022     9,500,000      
Required scheduled payments of debt thereafter     25,300,000      
European term loan | Euribor            
Debt Instrument [Line Items]            
Debt instrument, floor rate   0.00%        
Level 2 | European term loan            
Debt Instrument [Line Items]            
Outstanding amount under loan     $ 67,600,000      
Maximum            
Debt Instrument [Line Items]            
Interest coverage ratio required to be maintained     350.00%      
Facility            
Debt Instrument [Line Items]            
Repayments of debt 350,000,000     $ 296,400,000    
Revolving credit line            
Debt Instrument [Line Items]            
Maximum borrowing capacity     $ 10,000,000      
Working capital line of credit - China            
Debt Instrument [Line Items]            
Amount outstanding     0      
3.95% senior unsecured notes due 2027            
Debt Instrument [Line Items]            
Face value $ 400,000,000          
Debt instrument, interest rate 3.95%          
Debt instrument, maturity year 2027          
Increase in senior notes interest rate 0.25%          
Effective interest rate 3.87%          
3.95% senior unsecured notes due 2027 | Level 2            
Debt Instrument [Line Items]            
Fair value of senior notes     $ 410,000,000      
3.95% senior unsecured notes due 2027 | Maximum            
Debt Instrument [Line Items]            
Debt instrument, interest rate 5.95%          
3.95% senior unsecured notes due 2027 | Treasury Lock | Interest Lock Agreement            
Debt Instrument [Line Items]            
Percentage of effective interest rate benefit 0.25%   0.25%      
Senior unsecured credit facility- revolving loan due 2021            
Debt Instrument [Line Items]            
Face value   $ 700,000,000 $ 700,000,000      
Debt instrument, maturity year   2021        
Debt instrument expiration period     2021-06      
Variable interest rate basis     LIBOR + 1.25%      
Spread on variable interest rate basis     1.25%      
Debt instrument, interest rate terms     The interest rate for the revolver at December 31, 2017 is LIBOR + 1.25%. The interest rate ranges from LIBOR + 0.875% to a maximum of LIBOR + 1.875%, depending upon the Company’s leverage ratio.      
Borrowings amount utilized during the period     $ 451,000,000      
Maximum amount available under credit facility to issue letters of credit     40,000,000      
Letters of credit outstanding under credit facility     0      
Undrawn availability under credit facility     $ 650,000,000      
Weighted average interest rate     2.42%      
Senior unsecured credit facility- revolving loan due 2021 | Level 2            
Debt Instrument [Line Items]            
Borrowings     $ 50,000,000      
Senior unsecured credit facility- revolving loan due 2021 | Maximum            
Debt Instrument [Line Items]            
Variable interest rate basis     LIBOR + 1.875%      
Spread on variable interest rate basis     1.875%      
Senior unsecured credit facility- revolving loan due 2021 | Minimum            
Debt Instrument [Line Items]            
Variable interest rate basis     LIBOR + 0.875%      
Spread on variable interest rate basis     0.875%      
4.7% senior unsecured notes due 2025            
Debt Instrument [Line Items]            
Face value       $ 300,000,000    
Debt instrument, interest rate       4.70%    
Debt instrument, maturity year       2025    
Increase in senior notes interest rate       0.25%    
Effective interest rate     4.84%      
Unamortized deferred financing costs and debt discount     $ 2,800,000   $ 3,200,000  
4.7% senior unsecured notes due 2025 | Level 2            
Debt Instrument [Line Items]            
Fair value of senior notes     $ 321,000,000      
4.7% senior unsecured notes due 2025 | Maximum            
Debt Instrument [Line Items]            
Debt instrument, interest rate       6.70%    
Tranche one | European term loan            
Debt Instrument [Line Items]            
Face value | €           € 25
Variable interest rate basis     Euribor +1.2%      
Spread on variable interest rate basis   1.20%        
Debt instrument availability period   6 months        
Debt instrument, maturity date     Jun. 30, 2023      
Beginning date of first required loan payment     Jun. 30, 2017      
Tranche two | European term loan            
Debt Instrument [Line Items]            
Face value | €           € 35
Variable interest rate basis     Euribor +1.25%      
Spread on variable interest rate basis   1.25%        
Debt instrument, maturity date     Jun. 30, 2024      
Debt instrument availability period   1 year        
Beginning date of first required loan payment     Jun. 30, 2019