XML 82 R68.htm IDEA: XBRL DOCUMENT v3.21.2
Borrowings - Narrative (Details)
3 Months Ended 6 Months Ended
Jun. 16, 2021
USD ($)
May 28, 2021
USD ($)
May 17, 2021
USD ($)
May 27, 2020
USD ($)
Apr. 29, 2020
USD ($)
May 31, 2019
USD ($)
Jun. 23, 2015
USD ($)
Jun. 30, 2021
USD ($)
Jun. 30, 2020
USD ($)
Jun. 30, 2021
USD ($)
Jun. 30, 2020
USD ($)
Dec. 31, 2020
USD ($)
Jun. 13, 2016
USD ($)
Line of Credit Facility [Line Items]                          
Less unaccreted debt discount               $ 1,423,000   $ 1,423,000   $ 949,000  
Interest                   17,157,000 $ 16,089,000    
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              
Debt outstanding               0   0      
Letters of Credit Outstanding, Amount               7,200,000   7,200,000      
Amount available to borrow               $ 792,800,000   $ 792,800,000      
For 12 Months in Connection with Certain Acquisitions                          
Line of Credit Facility [Line Items]                          
Leverage ratio                   4.00      
Minimum                          
Line of Credit Facility [Line Items]                          
Required percent for prepayment amount of aggregate principal amount                         5.00%
Minimum | Revolving Facility                          
Line of Credit Facility [Line Items]                          
Applicable leverage ratio               0.00%   0.00%      
Maximum | Revolving Facility                          
Line of Credit Facility [Line Items]                          
Aggregate lending commitments           $ 400,000,000              
Applicable leverage ratio               1.275%   1.275%      
Revolving Facility | Minimum                          
Line of Credit Facility [Line Items]                          
Interest coverage ratio               3.0   3.0      
Revolving Facility | Maximum                          
Line of Credit Facility [Line Items]                          
Leverage ratio                   3.50      
Senior Notes | Maximum                          
Line of Credit Facility [Line Items]                          
Limitation of outstanding principal of higher preference debt as percent of consolidated assets               15.00%   15.00%      
Senior Notes | 2.625% Senior Notes, due June 2031                          
Line of Credit Facility [Line Items]                          
Face amount of debt   $ 500,000,000.0                      
Stated interest rate     2.625%         2.625%   2.625%      
Proceeds from debt, net   494,800,000                      
Less unaccreted debt discount   600,000                      
Underwriting commission   (3,300,000)                      
Offering expenses   (1,300,000)                      
Redemption price, percentage     101.00%                    
Senior Notes | 2.625% Senior Notes, due June 2031 | Minimum                          
Line of Credit Facility [Line Items]                          
Percent of notes held               25.00%   25.00%      
Senior Notes | 4.20% Senior Notes, due December 2021                          
Line of Credit Facility [Line Items]                          
Stated interest rate               4.20%   4.20%   4.20%  
Extinguishment of debt   $ 350,000,000.0 $ 350,000,000.0                    
Redemption premium     6,700,000                    
Amount to be recognized from hedged transactions within 12 months, approximate $ 1,300,000                        
Write off of deferred debt issuance cost     100,000                    
Write off of debt remaining discount     100,000                    
Write off deferred taxes     $ 400,000                    
Loss on early debt redemption               $ 8,600,000   $ 8,600,000      
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%   3.00%      
Proceeds from debt, net         $ 494,400,000                
Less unaccreted debt discount         900,000                
Underwriting commission         (3,300,000)                
Offering expenses         $ (1,400,000)                
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 | 4.5% Senior Notes                          
Line of Credit Facility [Line Items]                          
Stated interest rate       4.50% 4.50%     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   $ 8,400,000    
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% 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% 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