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Long-Term Debt (Tables) | 12 Months Ended
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Dec. 31, 2021
Long-Term Debt [Abstract] |
Carrying Values and Fair Values of Debt Outstanding | The following table presents the carrying value and fair value of debt outstanding (in thousands):
|  | December 31, |
|  | 2021 |  |  | 2020 |
|  | Carrying Value |  |  | Fair Value |  |  | Carrying Value |  |  | Fair Value |
Revolving Credit Facility due March 27, 2024 (a) |  | $ | — |  |  | $ | — |  |  | $ | 250,000 |  |  | $ | 250,000 |
Term Loan due March 27, 2024 (a) |  |  | 315,000 |  |  |  | 315,000 |  |  |  | 375,000 |  |  |  | 375,000 |
3.29% senior notes due February 27, 2023 |  |  | 350,000 |  |  |  | 358,390 |  |  |  | 350,000 |  |  |  | 364,538 |
4.2% senior notes due March 1, 2028 |  |  | 500,000 |  |  |  | 549,239 |  |  |  | 500,000 |  |  |  | 581,115 |
Credit Line due June 30, 2022 |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Bank notes payable |  |  | 1,934 |  |  |  | 1,934 |  |  |  | 40 |  |  |  | 40 |
|  |  | 1,166,934 |  |  |  | 1,224,563 |  |  |  | 1,475,040 |  |  |  | 1,570,693 |
Unamortized debt discounts and issuance costs (b) |  |  | (3,567 | ) |  |  | — |  |  |  | (6,454 | ) |  |  | — |
|  | $ | 1,163,367 |  |  | $ | 1,224,563 |  |  | $ | 1,468,586 |  |  | $ | 1,570,693 |
(a) Variable interest rate of 1.5% at both December 31, 2021 and 2020. (b) Excludes $1,403,000 attributable to the Revolving Credit Facility included in other assets at December 31, 2021.
Borrowings and Payments Under the Bank Credit Facilities | The following table presents borrowings and payments under the bank credit facilities (in thousands):
|  | Year Ended December 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
Borrowings on bank credit facilities |  | $ | 6,162 |  |  | $ | 582,277 |  |  | $ | 1,351,158 |
Payments on bank credit facilities |  |  | (254,267 | ) |  |  | (332,253 | ) |  |  | (1,768,534 | )
|  | $ | (248,105 | ) |  | $ | 250,024 |  |  | $ | (417,376 | )
Aggregate Payments due on the Long-Term Debt | The aggregate payments due on the long-term debt in each of the next five years were as follows (in thousands):
2022 |  |  | 1,934 |
2023 |  |  | 350,000 |
2024 |  |  | 315,000 |
2025 |  |  | — |
2026 |  |  | — |
Thereafter |  |  | 500,000 |
|  | $ | 1,166,934 |

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- Definition Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements. + References No definition available. + Details
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- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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