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Senior Notes | 6 Months Ended
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Jun. 30, 2020
Senior Notes [Abstract] |
Senior Notes | 13. SENIOR NOTES The table below displays Holdings’ outstanding senior notes. Market value is based on quoted market prices, but due to limited trading activity, these senior notes are considered Level 2 in the fair value hierarchy.
|  |  |  |  |  |  | June 30, 2020 |  | December 31, 2019
|  |  |  |  |  |  | Consolidated Balance |  |  |  |  | Consolidated Balance |  |  |
(Dollars in thousands) | Date Issued |  | Date Due |  | Principal Amounts |  | Sheet Amount |  | Market Value |  | Sheet Amount |  | Market Value
Senior notes | 06-05-2014 |  | 06-01-2044 |  | 400,000 |  | $ | 397,134 |  | $ | 469,804 |  | $ | 397,074 |  | $ | 452,848
On June 5, 2014, Holdings issued $400,000 thousand of 30 year senior notes at 4.868%, which will mature on June 1, 2044. Interest will be paid semi-annually on June 1 and December 1 of each year. Interest expense incurred in connection with these senior notes is as follows for the periods indicated:
| Three Months Ended |  | Six Months Ended
| June 30, |  | June 30,
(Dollars In thousands | 2020 |  | 2019 |  | 2020 |  | 2019
Interest expense incurred | $ | 4,868 |  | $ | 4,868 |  | $ | 9,736 |  | $ | 9,736

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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- References No definition available. + Details
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