DEBT (Tables)

9 Months Ended

Sep. 30, 2023

Debt Disclosure [Abstract]

Schedule of short-term debt

At September 30, 2023 and December 31, 2022, our notes payable, revolving credit facility and overdrafts consisted of the following:

	September 30, 2023		December 31, 2022
Revolving credit facility 4.73% to 6.18%	$	123,790	$	—
Overdrafts 4.64% to 4.71%	713		3,810
	$	124,503	$	3,810

Schedule of long-term obligations

At September 30, 2023 and December 31, 2022, our long-term obligations consisted of the following:

	September 30, 2023		December 31, 2022
Notes payable 0.00% – 2.25%, due in monthly and annual installments through 2031	$	15,005	$	29,167
Senior unsecured notes 1.0%, due in 2023	—		106,995
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	211,440		213,990
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 $0.9 million	399,128		399,050
Finance Lease Liabilities	24,867		26,934
Unamortized debt issuance costs	(3,997)		(4,558)
	$	1,046,443	$	1,171,578
Current maturities of long-term obligations	(366,378)		(118,981)
Total long-term obligations	$	680,065	$	1,052,597

Schedule of maturities of long-term debt

The aggregate long-term maturities, excluding finance lease liabilities and unamortized debt issuance costs, which are discussed in Note 7, due annually from the current balance sheet date for the next five years and thereafter are:

Year One	$	363,408
Year Two	6,368
Year Three	256,200
Year Four	315
Year Five	72
Thereafter	399,210

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, 2023
Consolidated Leverage Ratio (1)	Maximum of 3.50 to 1.00	1.61 to 1.00
Consolidated Interest Coverage Ratio (1)	Minimum of 3.00 to 1.00	16.19 to 1.00

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