Corporate Borrowings (Tables)

3 Months Ended

Mar. 31, 2024

The following table presents the Company’s outstanding indebtedness:


Description(a)	March 31, 2024		December 31, 2023
Credit Agreement - Revolver, 6.43% (variable rate) due 2026	$	78,000	$	63,000
Convertible Senior Notes, 1.88% (fixed rate) due 2041	201,250		201,250

Note Purchase Agreement
Series A Senior Secured Notes, 3.53% (fixed rate) due 2027	11,200		12,000
Senior Secured Notes, 3.80% (fixed rate) due 2029	16,800		17,600

Total indebtedness outstanding	307,250		293,850
Less unamortized loan fees(b)	(6,427)		(6,601)
Total indebtedness outstanding, net	300,823		287,249
Less current maturities of long-term debt	(6,400)		(6,400)
Long-term debt	$	294,423	$	280,849

(a) Interest rates are as of March 31, 2024.

(b) Loan fees are being amortized over the life of the debt agreements.

- 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