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Debt (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Summary of Senior Unsecured Notes Issued

In March 2021, the Company issued the following senior unsecured notes:

Senior Unsecured Notes		Term				Interest Rate				Face Value (in millions)				Maturity Date
Series N			5 years				1.68	%		$	100				March 2026
Series O			10 years				2.25	%		$	400				March 2031

Summary of Outstanding Debt

The Company had the following outstanding debt at December 31, 2021 and 2020 (in thousands):

		December 31, 2021				December 31, 2020
Senior unsecured notes - Series E - 3.97%, due March 2021			—				50,000
Senior unsecured notes - Series F - 3.40%, due June 2021			—				100,000
Total notes payable and debt, current			—				150,000
Senior unsecured notes - Series G - 3.92%, due June 2024			50,000				50,000
Senior unsecured notes - Series H - floating rate*, due June 2024			50,000				50,000
Senior unsecured notes - Series I - 3.13%, due May 2023			50,000				50,000
Senior unsecured notes - Series K - 3.44%, due May 2026			160,000				160,000
Senior unsecured notes - Series L - 3.31%, due September 2026			200,000				200,000
Senior unsecured notes - Series M - 3.53%, due September 2029			300,000				300,000
Senior unsecured notes - Series N - 1.68%, due March 2026			100,000				—
Senior unsecured notes - Series O - 2.25%, due March 2031			400,000				—
Credit agreement			210,000				400,000
Unamortized debt issuance costs			(6,130	)			(3,485	)
Total long-term debt			1,513,870				1,206,515
Total debt		$	1,513,870			$	1,356,515

* Series H senior unsecured notes bear interest at a 3-month LIBOR for that floating rate interest period plus 1.25%.

Schedule of Debt Maturities

Annual maturities of debt outstanding at December 31, 2021 are as follows (in thousands):

		Total
2022		$	—
2023			50,000
2024			100,000
2025			—
2026			670,000
Thereafter			700,000
Total		$	1,520,000

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