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Financial Instruments and Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2023
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value The following table presents information about the Company’s financial assets and liabilities and indicates the fair value hierarchy of the valuation techniques used by the Company to determine such fair value (in millions):

 

 

 

 

 

Fair Value Measurements

 

 

 

 

Assets (Liabilities):

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

March 31, 2023

 

 

 

 

 

 

 

 

 

 

 

 

Derivative Financial Instruments

 

$

 

 

$

5.1

 

 

$

 

 

$

5.1

 

December 31, 2022

 

 

 

 

 

 

 

 

 

 

 

 

Derivative Financial Instruments

 

$

 

 

$

8.1

 

 

$

 

 

$

8.1

 

Schedule of Carrying Values Different from Estimated Fair Values

Carrying values that are different from estimated fair values are summarized as follows (in thousands):

 

March 31, 2023

 

 

December 31, 2022

 

 

Carrying
Amount

 

 

Fair
Value

 

 

Carrying
Amount

 

 

Fair
Value

 

Senior Notes

$

1,454,462

 

 

$

1,397,839

 

 

$

1,453,923

 

 

$

1,378,485

 

Revolving Credit Facility and term loan

 

273,605

 

 

 

275,000

 

 

 

198,521

 

 

 

200,000

 

Mortgage Indebtedness

 

54,201

 

 

 

52,379

 

 

 

54,577

 

 

 

51,936

 

 

$

1,782,268

 

 

$

1,725,218

 

 

$

1,707,021

 

 

$

1,630,421