XML 43 R28.htm IDEA: XBRL DOCUMENT v3.22.0.1

Long-Term Debt (Tables)

12 Months Ended

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

X

- References

No definition available.

+ Details

Name:	us-gaap_DebtDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of maturity and sinking fund requirement for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601

+ Details

Name:	us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration