Long-Term Debt, Net (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

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

			December 31,
	Interest Rate	Maturity Date	2022			2021
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			45,000
2021 Senior Notes Series B(2)	4.38%	January 12, 2028		15,000			15,000
Credit Facility				40,000			55,000
Total long-term debt				175,000			190,000
Less: Debt issuance costs				(2,614	)		(1,364	)
Long-term debt, net			$	172,386		$	188,636

(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 Amended Credit Facility, the maximum leverage ratio permitted is as follows:

Quarter ending	Maximum leverage ratio permitted
June 30, 2022 and September 30, 2022		2.75
December 31, 2022 and thereafter		2.50