XML 78 R67.htm IDEA: XBRL DOCUMENT v3.20.2
Borrowings - Narrative (Details)
6 Months Ended
May 27, 2020
USD ($)
Apr. 29, 2020
USD ($)
May 31, 2019
USD ($)
Jun. 23, 2015
USD ($)
Dec. 09, 2011
USD ($)
Jun. 30, 2020
USD ($)
covenant
Jun. 30, 2019
USD ($)
Dec. 31, 2019
USD ($)
Jun. 13, 2016
USD ($)
Line of Credit Facility [Line Items]                  
Less unaccreted debt discount           $ 1,039,000   $ 387,000  
Interest           $ 16,089,000 $ 18,282,000    
Number of financial covenants | covenant           2      
For 12 Months in Connection with Certain Acquisitions                  
Line of Credit Facility [Line Items]                  
Leverage ratio           4.00      
Revolving Facility                  
Line of Credit Facility [Line Items]                  
Debt instrument, term       5 years          
Borrowing capacity     $ 800,000,000 $ 700,000,000          
Extension period     1 year            
Aggregate lending commitments     $ 400,000,000            
Applicable margin           1.00%      
Weighted average interest rate           1.32%      
Outstanding letters of credit           $ 7,100,000      
Amount available to borrow           $ 792,900,000      
Minimum                  
Line of Credit Facility [Line Items]                  
Required percent for prepayment amount of aggregate principal amount                 5.00%
Interest coverage ratio           3.00      
Minimum | Revolving Facility                  
Line of Credit Facility [Line Items]                  
Applicable leverage ratio           0.00%      
Maximum                  
Line of Credit Facility [Line Items]                  
Leverage ratio           3.50      
Maximum | Revolving Facility                  
Line of Credit Facility [Line Items]                  
Applicable leverage ratio           1.275%      
Senior Notes | Maximum                  
Line of Credit Facility [Line Items]                  
Limitation of outstanding principal of higher preference debt as percent of consolidated assets           15.00%      
Senior Notes | 3.00% Senior Notes, due May 2030                  
Line of Credit Facility [Line Items]                  
Face amount of debt   $ 500,000,000.0              
Stated interest rate   3.00%       3.00%      
Proceeds from debt, net   $ 494,900,000              
Less unaccreted debt discount   900,000              
Underwriting commission   3,300,000              
Offering expenses   $ 900,000              
Redemption price, percentage   101.00%              
Senior Notes | 3.00% Senior Notes, due May 2030 | Minimum                  
Line of Credit Facility [Line Items]                  
Percent of outstanding amount owned for decision making   25.00%              
Senior Notes | 4.50% Senior Notes, due December 2020                  
Line of Credit Facility [Line Items]                  
Stated interest rate           4.50%   4.50%  
Extinguishment of debt $ 300,000,000.0 $ 300,000,000.0              
Redemption premium 6,800,000                
Interest 6,100,000                
Amount to be recognized from hedged transactions within 12 months, approximate 1,400,000                
Write off of deferred debt issuance cost 100,000                
Write off of debt remaining discount 100,000                
Loss on early debt redemption $ 8,400,000                
Senior Notes | 4.20% Senior Notes, due December 2021                  
Line of Credit Facility [Line Items]                  
Stated interest rate           4.20%   4.20%  
Underwriting commission         $ 2,300,000        
Offering expenses         600,000        
Proceeds from Issuance of Debt         350,000,000.0        
Net proceeds from debt offering         346,200,000        
Debt offering initial discount         900,000        
Outstanding repayment of indebtedness under credit facility         $ 306,000,000.0        
Percentage of principal amount plus accrued and unpaid interest         101.00%        
Senior Notes | 3.20% Senior Notes, due June 2023                  
Line of Credit Facility [Line Items]                  
Face amount of debt                 $ 100,000,000
Stated interest rate           3.20%   3.20% 3.20%
Senior Notes | 3.37% Senior Notes, due June 2025                  
Line of Credit Facility [Line Items]                  
Face amount of debt                 $ 100,000,000
Stated interest rate           3.37%   3.37% 3.37%
Letters of Credit | Revolving Facility                  
Line of Credit Facility [Line Items]                  
Borrowing capacity     75,000,000            
Swing Line Loans | Revolving Facility                  
Line of Credit Facility [Line Items]                  
Borrowing capacity     $ 50,000,000