DEBT (Tables)

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Schedule of Short-term Debt

At September 30, 2020 and December 31, 2019, our notes payable, revolving credit facility and overdrafts, consisted of the following:

​	September 30, 2020		December 31, 2019
Notes payable 8%	$	200	$	1,436
Revolving credit facility 1.46%	95,000		25,000
Overdrafts 5.68% - 7.82%	—		17,823
​	$	95,200	$	44,259

Schedule of long-term obligations

At September 30, 2020, our long-term obligations consisted of the following:

​	Principal		Unamortized Debt Issuance Costs		Net
Notes payable 0.00% – 10.90%, due in monthly and annual installments through 2028	$	13,993	$	—	$	13,993
Senior unsecured notes 3.2%, due in 2022	75,000		44		74,956
Senior unsecured debts 1.8% USD floating swapped to 1.36% EUR fixed, equal annual installments through 2022	112,000		277		111,723
Senior unsecured notes 3.5%, due in 2023	125,000		116		124,884
Senior unsecured notes 1.0%, due in 2023	117,230		312		116,918
Senior unsecured notes 3.4%, due in 2024	50,000		53		49,947
Senior unsecured notes 3.5%, due in 2024	100,000		116		99,884
Senior unsecured notes 1.2%, due in 2024	234,460		621		233,839
Senior unsecured notes 3.6%, due in 2025	125,000		134		124,866
Senior unsecured notes 3.6%, due in 2026	125,000		134		124,866
Finance Lease Liabilities	30,115		—		30,115
​	$	1,107,798	$	1,807	$	1,105,991
Current maturities of long-term obligations	(66,056)		—		(66,056)
Total long-term obligations	$	1,041,742	$	1,807	$	1,039,935

At December 31, 2019, our long-term obligations consisted of the following:

	Principal		Unamortized Debt Issuance Costs		Net
Notes payable 0.00% – 10.90%, due in monthly and annual installments through 2028	$	19,220	$	—	$	19,220
Senior unsecured notes 3.2%, due in 2022	75,000		64		74,936
Senior unsecured debts 3.2% USD floating swapped to 1.36% EUR fixed, equal annual installments through 2022	168,000		390		167,610
Senior unsecured notes 3.5%, due in 2023	125,000		144		124,856
Senior unsecured notes 1.0%, due in 2023	112,170		356		111,814
Senior unsecured notes 3.4%, due in 2024	50,000		63		49,937
Senior unsecured notes 3.5%, due in 2024	100,000		144		99,856
Senior unsecured notes 1.2%, due in 2024	224,340		742		223,598
Senior unsecured notes 3.6%, due in 2025	125,000		169		124,831
Senior unsecured notes 3.6%, due in 2026	125,000		169		124,831
Finance Lease Liabilities	29,952		—		29,952
​	$	1,153,682	$	2,241	$	1,151,441
Current maturities of long-term obligations	(65,988)		—		(65,988)
Total long-term obligations	$	1,087,694	$	2,241	$	1,085,453

Schedule of covenants on revolving credit facility and corporate long-term obligations

Our revolving credit facility and corporate long-term obligations require us to satisfy certain financial and other covenants including:

​	Requirement	Level at September 30, 2020
Consolidated Leverage Ratio (1)	Maximum of 3.50 to 1.00	1.81 to 1.00
Consolidated Interest Coverage Ratio (1)	Minimum of 3.00 to 1.00	15.92 to 1.00

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(1)Definitions of ratios are included as part of the revolving credit facility agreement and the note purchase agreements.