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Debt (Tables) | 6 Months Ended
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Jun. 30, 2022
Debt Disclosure [Abstract] |
Schedule of Components of Debt | Debt consists of the following:
| June 30, 2022 |  | December 31, 2021
| (in thousands)
$450 million senior unsecured notes due 2031 ("2020 Senior Notes") with an effective interest rate of 3.86%, less a discount and deferred issuance costs of $5.2 million and $5.5 million at June 30, 2022 and December 31, 2021, respectively | $ | 444,775 |  |  | $ | 444,470 |
$400 million senior unsecured notes due 2029 ("2019 Senior Notes") with an effective interest rate of 3.88%, less a discount and deferred issuance costs of $4.5 million and $4.8 million at June 30, 2022 and December 31, 2021, respectively | 395,538 |  |  | 395,237 |
$216.6 million senior unsecured notes due 2022 ("2012 Senior Notes") with an effective interest rate of 6.00%, less deferred issuance costs of $0.2 million at December 31, 2021 (2) | 216,571 |  |  | 216,351 |
$600 million senior unsecured revolving credit facility (1) | — |  |  | — |
Economic development loans with an effective interest rate of 3.00% at June 30, 2022 and December 31, 2021, respectively | 4,416 |  |  | 4,416 |
Total debt | $ | 1,061,300 |  |  | $ | 1,060,474 |
Less current portion (2) | 216,571 |  |  | 216,351 |
Long-term debt | $ | 844,729 |  |  | $ | 844,123 |
(1) During the third quarter of 2020, the Company utilized excess cash on hand to pay down its senior unsecured revolving credit facility balance in full and the facility remains undrawn as of June 30, 2022 and December 31, 2021. As there are no outstanding borrowings at June 30, 2022 or December 31, 2021, deferred issuance costs for the senior unsecured revolving credit facility of $2.0 million and $2.3 million, respectively, are presented in non-current Other assets in the consolidated balance sheets. (2) The 2012 Senior Notes matured on July 1, 2022. The outstanding principal of $216.6 million was re-paid at maturity.

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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