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Fair Values of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Estimated Fair Value of Outstanding Debt Balances

The estimated fair value of our outstanding debt balances as of December 31, 2022 and 2021 is set forth below (in thousands):

 

 

 

December 31, 2022

 

 

December 31, 2021

 

 

 

Carrying

 

 

Fair

 

 

Carrying

 

 

Fair

 

 

 

Value

 

 

Value

 

 

Value

 

 

Value

 

3.95% Senior Notes

 

$

488,505

 

 

$

431,556

 

 

$

509,505

 

 

$

511,652

 

5.15% Senior Notes

 

 

347,900

 

 

 

313,164

 

 

 

349,250

 

 

 

359,142

 

Total debt

 

$

836,405

 

 

$

744,720

 

 

$

858,755

 

 

$

870,794