CORPORATE BORROWINGS (Tables)

12 Months Ended

Dec. 31, 2021

Indebtedness Outstanding. The following table presents the Company’s outstanding indebtedness


	December 31,
Description(a)	2021		2020
Credit Agreement - Revolver, 1.09% (variable rate) due 2025	$	—	$	—
Convertible Note, 1.88% (fixed rate) due 2041	201,250		—

Prudential Note Purchase Agreement, 3.53% (fixed rate) due 2027	18,400		20,000
Prudential Note Purchase Agreement, 3.80% (fixed rate) due 2029	20,000		20,000
Other long-term borrowings	203		—
Total indebtedness outstanding	239,853		40,000
Less unamortized loan fees(b)	(6,454)		(129)
Total indebtedness outstanding, net	233,399		39,871
Less current maturities of long-term debt	(3,227)		(1,600)
Long-term debt	$	230,172	$	38,271

(a) Interest rates are as of December 31, 2021.

(b) Loan fees are being amortized over the life of the Credit Agreement and Note Purchase Agreement.

Contractual Obligation, Fiscal Year Maturity Schedule

Debt Maturities. Aggregate amount of maturities for long-term debt as of December 31, 2021 are as follows:


2022	$	3,227
2023	5,629
2024	6,430
2025	6,432
2026	6,433
Thereafter	211,702
Total	$	239,853

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details