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Debt (Tables)
12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Debt

Debt comprised the following at December 31, 2020 and 2019:

 

(In thousands)

 

Maturity

Dates

 

December 31,

2020

 

 

December 31,

2019

 

Unsecured private placement notes

 

 

 

 

 

 

 

 

 

 

3.95% (net of unamortized debt issuance cost of $273 and

    $316 for 2020 and 2019, respectively)

 

2021-2027

 

$

99,727

 

 

$

99,684

 

3.86% (net of unamortized debt issuance cost of $236 and

    $291 for 2020 and 2019, respectively)

 

2021-2025

 

 

71,193

 

 

 

85,423

 

4.86% (net of unamortized debt issuance cost of $108 and

    $147 for 2020 and 2019, respectively)

 

2021-2023

 

 

27,749

 

 

 

36,996

 

Total debt

 

 

 

$

198,669

 

 

$

222,103

 

Less current maturities

 

 

 

 

37,857

 

 

 

23,571

 

Long-term debt

 

 

 

$

160,812

 

 

$

198,532

 

Schedule of Net Interest Expense

Net interest expense for the years ended December 31, 2020, 2019 and 2018, comprised the following:  

 

(In thousands)

 

2020

 

 

2019

 

 

2018

 

Interest expense

 

$

9,859

 

 

$

12,744

 

 

$

13,360

 

Interest income

 

 

(2,171

)

 

 

(5,717

)

 

 

(1,829

)

 

 

 

7,688

 

 

 

7,027

 

 

 

11,531

 

Capitalized interest

 

 

(2,279

)

 

 

(1,095

)

 

 

(760

)

Interest expense, net

 

$

5,409

 

 

$

5,932

 

 

$

10,771