Long-Term Debt, Net (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Debt is summarized in the following table (in thousands):

			December 31,
	Interest Rate	Maturity Date	2021			2020
2011 Senior Notes Series A(1)	4.01%	September 30, 2021	$	—		$	75,000
2011 Senior Notes Series B(1)	4.11%	September 30, 2023		75,000			75,000
2021 Senior Notes Series A(2)	4.09%	January 12, 2026		45,000			—
2021 Senior Notes Series B(2)	4.38%	January 12, 2028		15,000			—
Credit Facility				55,000			111,000
Total long-term debt				190,000			261,000
Less: Debt issuance costs				(1,364	)		(1,567	)
Long-term debt, net			$	188,636		$	259,433
(1) Interest is payable semi-annually on March 30 and September 30.
(2) Interest is payable semi-annually on June 30 and December 30.

Schedule of Maximum Leverage Ratios

Pursuant to the terms of the Amendment, the maximum leverage ratio permitted under the Credit Facility is as follows:

Quarter ending	Maximum leverage ratio permitted
June 30, 2020 up to and including June 30, 2021		3.00
September 30, 2021		2.75
December 31, 2021 and thereafter		2.50