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Long-Term Debt (Tables) | 6 Months Ended
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Jun. 30, 2023
Debt Disclosure [Abstract] |
Carrying Values and Fair Values of Debt Outstanding | The following table presents the carrying value and fair value (determined using inputs characteristic of a Level 2 fair value measurement) of debt outstanding (in thousands):
|  | June 30, 2023 |  |  | December 31, 2022 |
|  | Carrying Value |  |  | Fair Value |  |  | Carrying Value |  |  | Fair Value |
Revolving Credit Facility due July 29, 2027 (a) |  | $ | 27,000 |  |  | $ | 27,000 |  |  | $ | — |  |  | $ | — |
Term Loan due July 29, 2027 (a) |  |  | 170,000 |  |  |  | 170,000 |  |  |  | 170,000 |  |  |  | 170,000 |
3.29% senior notes due February 27, 2023 |  |  | — |  |  |  | — |  |  |  | 350,000 |  |  |  | 352,275 |
4.2% senior notes due March 1, 2028 |  |  | 500,000 |  |  |  | 465,133 |  |  |  | 500,000 |  |  |  | 477,660 |
3.46% senior notes due January 19, 2033 |  |  | 60,000 |  |  |  | 48,424 |  |  |  | 60,000 |  |  |  | 42,647 |
3.51% senior notes due January 19, 2033 |  |  | 240,000 |  |  |  | 194,596 |  |  |  | — |  |  |  | — |
Credit line due June 30, 2024 |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Bank notes payable |  |  | 7,447 |  |  |  | 7,447 |  |  |  | 3,292 |  |  |  | 3,292 |
|  |  | 1,004,447 |  |  |  | 912,600 |  |  |  | 1,083,292 |  |  |  | 1,045,874 |
Unamortized debt discounts and issuance costs (b) |  |  | (6,046 | ) |  |  | — |  |  |  | (3,674 | ) |  |  | — |
|  | $ | 998,401 |  |  | $ | 912,600 |  |  | $ | 1,079,618 |  |  | $ | 1,045,874 |
(a) Variable interest rate o f 6.6% at June 30, 2023. (b) Excludes $1.8 million attributable to the 2027 Revolving Credit Facility included in other assets at December 31, 2022.
Borrowings and Payments Under the Bank Credit Facilities | The following table presents borrowings and payments under the bank credit facilities (in thousands):
|  | Six Months Ended June 30, |
|  | 2023 |  |  | 2022 |
Borrowings on bank credit facilities |  | $ | 220,591 |  |  | $ | 120,634 |
Payments on bank credit facilities |  |  | (189,436 | ) |  |  | (118,362 | )
|  | $ | 31,155 |  |  | $ | 2,272 |

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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 -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
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