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Long-Term Debt (Tables)
6 Months Ended
Jun. 30, 2024
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):

 

 

 

June 30, 2024

 

 

December 31, 2023

 

 

 

Carrying Value

 

 

Fair Value

 

 

Carrying Value

 

 

Fair Value

 

Revolving Credit Facility due July 29, 2027 (a)

 

$

74,000

 

 

$

74,000

 

 

$

44,000

 

 

$

44,000

 

Term Loan due July 29, 2027 (a)

 

 

170,000

 

 

 

170,000

 

 

 

170,000

 

 

 

170,000

 

4.2% senior notes due March 1, 2028

 

 

500,000

 

 

 

483,222

 

 

 

500,000

 

 

 

475,920

 

3.46% senior notes due January 19, 2033

 

 

60,000

 

 

 

51,681

 

 

 

60,000

 

 

 

49,955

 

3.51% senior notes due January 19, 2033

 

 

240,000

 

 

 

207,577

 

 

 

240,000

 

 

 

200,698

 

Credit line due June 30, 2026

 

 

 

 

 

 

 

 

 

 

 

 

Bank notes payable

 

 

8,970

 

 

 

8,970

 

 

 

8,068

 

 

 

8,068

 

 

 

1,052,970

 

 

 

995,450

 

 

 

1,022,068

 

 

 

948,641

 

Unamortized debt discounts and issuance costs

 

 

(4,880

)

 

 

 

 

 

(5,473

)

 

 

 

 

$

1,048,090

 

 

$

995,450

 

 

$

1,016,595

 

 

$

948,641

 

(a)
Variable interest rate of 6.6% at June 30, 2024 and 6.8% at December 31, 2023.