Debt (Tables)

12 Months Ended

Dec. 31, 2013

Debt Instrument [Line Items]

Long-term debt

The Company’s short-term and long-term debt at December 31, 2013 and December 31, 2012 consisted of the following:

(in thousands)	December 31, 2013		December 31, 2012
Borrowings under short-term line of credit - nonrecourse	$	—	$	4,219
Borrowings under short-term line of credit - recourse	—		20,000
Total borrowings under short-term line of credit	$	—	$	24,219
Current maturities of long -term debt – nonrecourse	$	6,012	$	2,496
Current maturities of long-term debt – recourse	45,986		12,649
Total current maturities of long-term debt	$	51,998	$	15,145
Long-term debt, less current maturities – nonrecourse	$	4,063	$	20,067
Long-term debt, less current maturities – recourse	371,150		407,176
Total long-term debt, less current maturities	$	375,213	$	427,243

Schedule of Short-term Debt

The following information relates to short-term borrowings:

	December 31,
(in thousands, except percentages)	2013			2012			2011
Maximum amount borrowed	$	315,000		$	553,400		$	601,500
Weighted average interest rate	1.92		%	1.96		%	2.73		%

Recourse

Debt Instrument [Line Items]

Long-term debt

Long-term debt consists of the following:

	December 31,
(in thousands, except percentages)	2013		2012
Senior note payable, 3.72%, payable at maturity, due 2017	$	25,000	$	25,000
Senior note payable, 6.10%, payable at maturity, due 2014	25,000		25,000
Senior note payable, 6.12%, payable at maturity, due 2015	61,500		61,500
Senior note payable, 6.78%, payable at maturity, due 2018	41,500		41,500
Note payable, 4.92%, $2 million annually ($2.5 million for 2013), plus interest, due 2021 (a)	27,178		27,833
Note payable, 4.76%, payable in increasing amounts ($1.7 million for 2013) plus interest, due 2028 (a)	53,600		55,300
Note payable, variable rate (2.67% at December 31, 2013), payable in increasing amounts ($1.2 million for 2013) plus interest, due 2023 (a)	23,015		24,188
Note payable, 3.29%, payable in increasing amounts ($1.2 million for 2013) plus interest, due 2022 (a)	25,366		26,533
Line of credit, variable rate (1.87% at December 31, 2013), payable at maturity, due 2015	—		25,000
Notes payable, variable rate (1.42% at December 31, 2013), payable in varying amounts, (7.6 million for 2013) plus interest, due 2016	22,120		12,058
Note payable, variable rate (1.64% at December 31, 2013), payable in increasing amounts ($1.0 million for 2013) plus interest, due 2023 (a)	11,865		12,815
Note payable, variable rate (.97% at December 31, 2013), $0.7 million annually, plus interest, due 2016 (a)	8,750		9,450
Note payable, 8.5%, payable monthly in varying amounts ($0.1 million for 2013) plus interest, due 2016 (a)	988		1,079
Note payable, 4.76%, payable quarterly in varying amounts ($0.2 million for 2013) plus interest, due 2028 (a)	9,980		—
Note payable, 3.56%, payable monthly in varying amounts plus interest, due 2021 (a)	3,459		—
Industrial development revenue bonds:
Variable rate (2.55% at December 31, 2013), payable at maturity, due 2017 (a)	7,934		8,408
Variable rate (1.97% at December 31, 2013), payable at maturity, due 2019 (a)	4,650		4,650
Variable rate (2.10% at December 31, 2013), payable at maturity, due 2025 (a)	3,100		3,100
Variable rate (1.81% at December 31, 2013), payable at maturity, due 2036 (a)	21,000		21,000
Debenture bonds, 2.65% to 5.00%, due 2014 through 2028	41,131		35,411
	417,136		419,825
Less: current maturities	45,986		12,649
	$	371,150	$	407,176

(a) Debt is collateralized by first mortgages on certain facilities and related equipment or other assets with a book value of $151.7 million

Nonrecourse

Debt Instrument [Line Items]

Long-term debt

The Company's non-recourse long-term debt consists of the following:

	December 31,
(in thousands, except percentages)	2013		2012
Line of credit, variable rate (3.92% at December 31, 2013), payable at maturity, due 2022	$	—	$	9,378
Note payable, variable rate (3.92% at December 31, 2013), payable quarterly ($2.3 million for 2013) plus interest, due 2017	10,075		12,400
Other notes payable	—		785
	10,075		22,563
Less: current maturities	6,012		2,496
	$	4,063	$	20,067