XML 74 R57.htm IDEA: XBRL DOCUMENT v3.24.0.1
Debt - Additional Information (Details) - USD ($)
$ in Millions
12 Months Ended
Apr. 25, 2023
Dec. 31, 2023
Dec. 31, 2017
Dec. 31, 2015
Dec. 31, 2022
Debt Instrument [Line Items]          
Borrowings   $ 699.4     $ 723.3
Debt Instrument, Unused Borrowing Capacity, Description   Borrowings under the Facility bear interest for Secured Overnight Financing Rate ("SOFR") borrowings at (i) an Adjusted Term SOFR rate (subject to a 0.00% floor), where such “Adjusted Term SOFR” rate is equal to the Term SOFR rate for the applicable interest period plus 0.10%, plus the Applicable Margin or (ii) for base rate borrowings, the greatest of (a) the prime rate, (b) the federal funds rate plus 0.50% and (c) the Adjusted Term SOFR rate (subject to a 0.00% floor) for a one-month interest period plus 1.00%, in each case plus the Applicable Margin. The “Applicable Margin” initially was 1.125% for SOFR rate borrowings and 0.125% for base rate borrowings, and after September 30, 2023, can fluctuate, determined by reference to the more favorable to the Company of its (i) public debt rating and (ii) consolidated leverage ratio, as specified in the Credit Agreement. Up to $50 million of the Facility may be used for letters of credit. The Credit Agreement enables the Company, from time to time, to add term loans or to increase the revolving credit commitment in an aggregate amount not to exceed $500 million.      
Applicable interest period plus   0.10%      
Federal funds rate plus   0.50%      
SOFR rate borrowings   0.125%      
Secured Overnight Financing Rate [Member]          
Debt Instrument [Line Items]          
One-month interest period   1.00%      
Facility agreement [Member]          
Debt Instrument [Line Items]          
Weighted average interest rate   6.20%      
Maximum [Member]          
Debt Instrument [Line Items]          
Maximum borrowing capacity $ 2.5 $ 500.0      
Senior unsecured credit facility- revolving loan due 2021          
Debt Instrument [Line Items]          
Maximum borrowing capacity $ 750.0        
Senior unsecured credit facility- revolving loan due 2024          
Debt Instrument [Line Items]          
Letters of credit issued under credit facility   0.0      
Unamortized deferred financing costs and debt discount   2.5     0.8
Senior unsecured credit facility- revolving loan due 2024 | Facility agreement [Member]          
Debt Instrument [Line Items]          
Undrawn availability under credit facility   750.0      
3.95% Senior Unsecured Notes Due 2027 [Member]          
Debt Instrument [Line Items]          
Face value     $ 400.0    
Unamortized deferred financing costs and debt discount   $ 1.7     2.2
Debt instrument, interest rate     3.95%    
Debt instrument, maturity year     2027    
Increase in senior notes interest rate     0.25%    
Effective interest rate   4.00%      
3.95% Senior Unsecured Notes Due 2027 [Member] | Treasury Lock [Member] | Interest Lock Agreement [Member]          
Debt Instrument [Line Items]          
Percentage of reduction in effective interest rate on senior notes   0.25%      
3.95% Senior Unsecured Notes Due 2027 [Member] | Level 2          
Debt Instrument [Line Items]          
Fair value of senior unsecured notes   $ 386.0      
3.95% Senior Unsecured Notes Due 2027 [Member] | Maximum [Member]          
Debt Instrument [Line Items]          
Debt instrument, interest rate     5.95%    
4.7% senior unsecured notes due 2025          
Debt Instrument [Line Items]          
Face value       $ 300.0  
Unamortized deferred financing costs and debt discount   $ 0.6     $ 0.9
Debt instrument, interest rate       4.70%  
Debt instrument, maturity year       2025  
Increase in senior notes interest rate       0.25%  
Effective interest rate   4.90%      
4.7% senior unsecured notes due 2025 | Level 2          
Debt Instrument [Line Items]          
Fair value of senior unsecured notes   $ 297.4      
4.7% senior unsecured notes due 2025 | Maximum [Member]          
Debt Instrument [Line Items]          
Debt instrument, interest rate       6.70%  
Senior Unsecured Revolving Credit Facility Matures In April 2028          
Debt Instrument [Line Items]          
Maximum borrowing capacity   $ 50.0      
Debt instrument expiration period 2028-04