DEBT (Tables)

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Schedule of short-term debt

At September 30, 2022 and December 31, 2021, our notes payable, revolving credit facility and overdrafts consisted of the following:

	September 30, 2022		December 31, 2021
Revolving credit facility 1.68%	$	49,005	$	144,383
Overdrafts 1.46% to 15.37%	4,204		2,893
	$	53,209	$	147,276

Schedule of long-term obligations

At September 30, 2022 and December 31, 2021, our long-term obligations consisted of the following:

	September 30, 2022		December 31, 2021
Notes payable 0.00% – 14.42%, due in monthly and annual installments through 2028	$	24,032	$	22,785
Senior unsecured notes 3.2%, due in 2022	—		75,000
Senior unsecured debts 2.19% USD floating swapped to 1.36% EUR fixed, due in 2022	—		56,000
Senior unsecured notes 3.5%, due in 2023	—		125,000
Senior unsecured notes 1.0%, due in 2023	98,010		113,830
Senior unsecured notes 3.4%, due in 2024	50,000		50,000
Senior unsecured notes 3.5%, due in 2024	100,000		100,000
Senior unsecured notes 1.2%, due in 2024	196,020		227,660
Senior unsecured notes 3.6%, due in 2025	125,000		125,000
Senior unsecured notes 3.6%, due in 2026	125,000		125,000
Senior unsecured notes 3.6%, due in 2032, net of discount of $1.0 million	399,024		—
Finance Lease Liabilities	26,741		30,185
Unamortized debt issuance costs	(4,745)		(1,085)
	$	1,139,082	$	1,049,375
Current maturities of long-term obligations	(111,034)		(142,351)
Total long-term obligations	$	1,028,048	$	907,024

Schedule of maturities of long-term debt

The aggregate long-term maturities, excluding finance lease liabilities, which are disclosed in Note 7, due annually from the current balance sheet date for the next five years are:

Year One	$	107,873
Year Two	104,859
Year Three	251,033
Year Four	254,048
Year Five	175
Thereafter	399,098

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, 2022
Consolidated Leverage Ratio (1)	Maximum of 3.50 to 1.00	1.76 to 1.00
Consolidated Interest Coverage Ratio (1)	Minimum of 3.00 to 1.00	16.02 to 1.00

________________________________________

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