Borrowings (Tables)

12 Months Ended

Dec. 31, 2018

Debt Disclosure [Abstract]

Components of Long-Term Debt

The Company's borrowings at December 31, 2018 and 2017 were as follows:

	2018			2017
	(Dollars in thousands)
Senior Credit Facility:
Revolving credit facility, at a rate of 4.27% at December 31, 2018 and 3.44% at December 31, 2017, due 2022	$	293,000		$	349,000
Term loan facility, at a rate of 4.27% at December 31, 2018 and 3.57% at December 31 2017, due 2022	683,500			721,000
5.25% Senior Notes due 2024	250,000			250,000
4.875% Senior Notes due 2026	400,000			400,000
4.625% Senior Notes due 2027	500,000			500,000
Securitization program, at a rate of 3.25% at December 31, 2018 and 2.31% at December 31, 2017	50,000			50,000
	2,176,500			2,270,000
Less: Unamortized debt issuance costs	(17,675		)	(20,448		)
	2,158,825			2,249,552
Current portion of borrowings	(86,625		)	(86,625		)
Long-term borrowings	$	2,072,200		$	2,162,927

Fair Value of Debt

The following table provides the fair value of the Company’s debt as of December 31, 2018 and 2017, categorized by the level of inputs within the fair value hierarchy used to measure fair value (see Note 11 to the consolidated financial statements for further information):

	Fair value of debt
	December 31, 2018		December 31, 2017
	(Dollars in thousands)
Level 2	2,145,473		2,299,942
Total	$	2,145,473	$	2,299,942

Aggregate Amounts of Long-Term Debt

Debt Maturities

As of December 31, 2018, the aggregate amounts of long-term debt, demand loans and debt under the Company’s securitization program that will mature during each of the next four years and thereafter were as follows:

	(Dollars in thousands)
2019	$	86,625
2020	51,562
2021	70,313
2022	818,000
2023 and thereafter	1,150,000