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Debt (Tables)
6 Months Ended
Jun. 30, 2020
Debt Disclosure [Abstract]  
Schedule Of Components Of Debt
Debt consists of the following:
 
June 30, 2020
 
December 31, 2019
 
(in thousands)
$400 million senior unsecured notes due 2022 with an effective interest rate of 6.0% less deferred issuance costs of $1.9 million and $2.3 million at June 30, 2020 and December 31, 2019, respectively
$
398,117

 
$
397,680

$400 million senior unsecured notes due 2029 with an effective interest rate of 3.88%, less a discount and deferred issuance costs of $5.7 million and $6.0 million at June 30, 2020 and December 31, 2019, respectively
394,334

 
394,039

$600 million senior unsecured revolving credit facility with an effective interest rate of 1.49% and 2.76%, less deferred issuance costs of $2.4 million and $2.7 million at June 30, 2020 and December 31, 2019, respectively
186,096

 
15,502

$250 million term loan due 2021 with an effective interest rate of 3.25%, less a discount and deferred issuance costs of $0.8 million at June 30, 2020
249,173

 

Construction loan with an effective interest rate of 6.23%, less deferred issuance costs of $0.6 million at December 31, 2019.

 
32,465

Fixed rate collateralized mortgage with an effective interest rate of 4.57%, plus a fair value adjustment of $0.1 million and $0.2 million at June 30, 2020 and December 31, 2019, respectively
7,157

 
7,511

Economic development loans with an effective interest rate of 3.0% at June 30, 2020 and December 31, 2019, respectively
4,416

 
4,416

Total debt
$
1,239,293

 
$
851,613

Current portion of long-term debt
$
7,157

 
$
7,511

Long-term debt
$
1,232,136

 
$
844,102