Debt (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Schedule of Short-term and Long-term Debt

The Company’s short-term and long-term debt at December 31, 2021 and 2020 consisted of the following:

	December 31,
(in thousands)	2021		2020
Short-term debt – non-recourse	$	65,485	$	93,192
Short-term debt – recourse	436,307		310,511
Total short-term debt	501,792		403,703
Current maturities of long-term debt – non-recourse	7,601		678
Current maturities of long-term debt – recourse	24,655		68,688
Total current maturities of long-term debt	32,256		69,366
Long-term debt, less: current maturities – non-recourse	64,972		127,192
Long-term debt, less: current maturities – recourse	535,515		759,261
Total long-term debt, less: current maturities	$	600,487	$	886,453

Schedule of Long-term Debt

	December 31,
(in thousands, except percentages)	2021		2020
Note payable, variable rate (1.70% at December 31, 2021), payable in increasing amounts plus interest, due 2026	$	212,500	$	225,000
Note payable, variable rate (1.58% at December 31, 2021), payable in increasing amounts plus interest, due 2026	142,500		150,000
Note payable, 4.50%, payable at maturity, due 2034 (a)	99,090		102,524
Note payable, 4.85%, payable at maturity, due 2026	25,000		25,000
Note payable, 4.55%, payable at maturity, due 2023	24,000		24,000
Industrial revenue bond, variable rate (1.22% at December 31, 2021), payable at maturity, due 2036	21,000		21,000
Note payable, 4.50%, payable at maturity, due 2030	16,000		16,000
Note payable, 5.00%, payable at maturity, due 2040	14,000		14,000
Finance lease obligations, due serially to 2030 (a)	10,135		22,262
Note payable, variable rate, paid 2021	—		145,000
Note payable, 4.07%, paid 2021	—		26,000
Note payable, 3.33%, paid 2021	—		22,634
Note payable, 3.29%, paid 2021	—		16,028
Debenture bonds, 2.65% to 4.50%, paid 2021	—		12,730
Note payable, variable rate, paid 2021	—		11,250
	564,225		833,428
Less: current maturities	24,655		68,688
Less: unamortized prepaid debt issuance costs	4,055		5,479
	$	535,515	$	759,261

(a) Debt is collateralized by first mortgages on certain facilities and related equipment or other assets with a book value of $61.9 million

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

	December 31,
(in thousands)	2021		2020
Note payable, variable rate (3.55% at December 31, 2021), payable at maturity, due 2027	$	70,000	$	70,000
Finance lease obligations, due serially to 2023	2,745		2,825
Long-term credit facility, variable rate, due 2024	—		56,600
	72,745		129,425
Less: current maturities	7,601		678
Less: unamortized prepaid debt issuance costs	172		1,555
	$	64,972	$	127,192