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Short-term Debt and Credit Lines
12 Months Ended
Dec. 31, 2011
Short-term Debt and Credit Lines/Long-Term Debt [Abstract]  
Short-term Debt and Credit Lines

Note 4    Short-term Debt and Credit Lines

Short-term debt at December 31, 2011 and 2010 consisted of:

 

                 
    2011     2010  
    (In thousands)  

Notes payable to banks

  $ 1,790     $ 2,278  

Commercial paper

          10,600  
   

 

 

   

 

 

 

Total short-term debt

  $ 1,790     $ 12,878  
   

 

 

   

 

 

 

Included in notes payable to banks was $1.6 million and $2.3 million outstanding in 2011 and 2010, respectively, under a 4.0 million euro-based revolving loan facility (U.S. dollar equivalent of $5.2 million and $5.4 million at December 31, 2011 and 2010, respectively) that does not expire and which bore interest at 2.52% and 2.37% during 2011 and 2010, respectively. The Company has $77.9 million of short-term credit lines with domestic and foreign banks, which includes a $65.0 million line of credit that can also support the issuance of commercial paper.