Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2023

Debt Disclosure [Abstract]

Carrying Values and Fair Values of Debt Outstanding

The following table presents the carrying value and fair value (determined using inputs characteristic of a Level 2 fair value measurement) of debt outstanding (in thousands):

	September 30, 2023					December 31, 2022
	Carrying Value			Fair Value		Carrying Value			Fair Value
Revolving Credit Facility due July 29, 2027 (a)	$	94,000		$	94,000	$	—		$	—
Term Loan due July 29, 2027 (a)		170,000			170,000		170,000			170,000
3.29% senior notes due February 27, 2023		—			—		350,000			352,275
4.2% senior notes due March 1, 2028		500,000			451,293		500,000			477,660
3.46% senior notes due January 19, 2033		60,000			45,631		60,000			42,647
3.51% senior notes due January 19, 2033		240,000			183,351		—			—
Credit line due June 30, 2024		—			—		—			—
Bank notes payable		9,608			9,608		3,292			3,292
		1,073,608			953,883		1,083,292			1,045,874
Unamortized debt discounts and issuance costs (b)		(5,752	)		—		(3,674	)		—
	$	1,067,856		$	953,883	$	1,079,618		$	1,045,874

(a)Variable interest rate of 6.8% at September 30, 2023.

(b)Excludes $1.8 million attributable to the 2027 Revolving Credit Facility included in other assets at December 31, 2022.

Borrowings and Payments Under the Bank Credit Facilities

The following table presents borrowings and payments under the bank credit facilities (in thousands):

	Nine Months Ended September 30,
	2023			2022
Borrowings on bank credit facilities	$	379,760		$	171,884
Payments on bank credit facilities		(279,444	)		(150,220	)
	$	100,316		$	21,664