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Long-Term Debt (Tables)
9 Months Ended
Sep. 30, 2019
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt

Long-term debt at September 30, 2019 and December 31, 2018 consisted of the following:  

 

(in thousands)

 

September 30, 2019

 

 

December 31, 2018

 

Current portion of long-term debt:

 

 

 

 

 

 

 

 

Current portion of 5-year term loan facility expires 2022

 

$

40,000

 

 

$

35,000

 

Current portion of 5-year term loan facility expires 2023

 

 

15,000

 

 

 

15,000

 

Total current portion of long-term debt

 

 

55,000

 

 

 

50,000

 

Long-term debt:

 

 

 

 

 

 

 

 

Note agreements:

 

 

 

 

 

 

 

 

4.200% senior notes, semi-annual interest payments, net of the unamortized discount,

   balloon due 2024

 

$

499,219

 

 

$

499,101

 

4.500% senior notes, semi-annual interest payments, net of the unamortized discount,

   balloon due 2029

 

 

349,470

 

 

 

 

Total notes

 

 

848,689

 

 

 

499,101

 

Credit agreements:

 

 

 

 

 

 

 

 

5-year term-loan facility, periodic interest and principal payments, LIBOR plus up to

   1.750%, expires June 28, 2022

 

 

300,000

 

 

 

330,000

 

5-year revolving-loan facility, periodic interest payments, LIBOR plus up to 1.500%, plus

   commitment fees up to 0.250%, expires June 28, 2022

 

 

100,000

 

 

 

350,000

 

5-year term-loan facility, periodic interest and principal payments, LIBOR plus up to

   1.750%, expires December 21, 2023

 

 

273,750

 

 

 

285,000

 

Total credit agreements

 

 

673,750

 

 

 

965,000

 

Debt issuance costs (contra)

 

 

(8,879

)

 

 

(7,111

)

Total long-term debt less unamortized discount and debt issuance costs

 

 

1,513,560

 

 

 

1,456,990

 

Current portion of long-term debt

 

 

55,000

 

 

 

50,000

 

Total debt

 

$

1,568,560

 

 

$

1,506,990