10. Debt

The Company is party to borrowing arrangements with a syndicate of banks. See Note 10 in the Company's 2011 Form 10-K for a complete description of these arrangements. Total borrowing capacity for the Company under all lines of credit is currently at $850 million. At March 31, 2012, the Company had a total of $449.9 million available for borrowing under its lines of credit.

The Company's long-term debt at March 31, 2012, December 31, 2011 and March 31, 2011 consisted of the following:


(in thousands)	March 31, 2012		December 31, 2011		March 31, 2011
Current maturities of long -term debt – nonrecourse	$	160	$	157	$	2,835
Current maturities of long-term debt – recourse		30,182		32,051		39,948

Total current maturities of long-term debt	$	30,342	$	32,208	$	42,783


Long-term debt, less current maturities – nonrecourse	$	755	$	797	$	12,414
Long-term debt, less current maturities – recourse		219,662		238,088		250,804

Total long-term debt, less current maturities	$	220,417	$	238,885	$	263,218