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Long-Term Debt and Other Borrowing Arrangements (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Carrying Values of Long-Term Debt and Other Borrowing Arrangements

The carrying values of our long-term debt and other borrowing arrangements were as follows:


	December 31,
	2022		2021
	(In thousands)
Revolving credit agreement due 2026	$	—	$	—
Senior subordinated notes:
4.125% Senior subordinated notes due 2026	—		227,240
3.375% Senior subordinated notes due 2027	480,330		511,290
3.875% Senior subordinated notes due 2028	373,590		397,670
3.375% Senior subordinated notes due 2031	320,220		340,860
Total senior subordinated notes	1,174,140		1,477,060
Less unamortized debt issuance costs	(12,964)		(17,069)
Long-term debt	$	1,161,176	$	1,459,991

Schedule of Senior Subordinated Notes

The senior subordinated notes due 2027, 2028, and 2031 are redeemable after July 15, 2022, March 15, 2023, and July 15, 2026 respectively, at the following redemption prices as a percentage of the face amount of the notes:


	Senior Subordinated Notes due
2027	2028			2031
	Year	Percentage		Year	Percentage		Year	Percentage
	2022	101.688	%	2023	101.938	%	2026	101.688	%
	2023	101.125	%	2024	101.292	%	2027	100.844	%
	2024	100.563	%	2025	100.646	%	2028	100.422	%
	2025 and thereafter	100.000	%	2026 and thereafter	100.000	%	2029 and thereafter	100.000	%

Schedule of Maturities on Outstanding Long-Term Debt and Other Borrowings

Maturities on outstanding long-term debt and other borrowings during each of the five years subsequent to December 31, 2022 are as follows (in thousands):


2023	$	—
2024	—
2025	—
2026	—
2027	480,330
Thereafter	693,810
	$	1,174,140

- 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