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Long-Term Debt (Tables) | 12 Months Ended
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Dec. 31, 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):
|  | December 31, |
|  | 2023 |  |  | 2022 |
|  | Carrying Value |  |  | Fair Value |  |  | Carrying Value |  |  | Fair Value |
Revolving Credit Facility due July 29, 2027 (a) |  | $ | 44,000 |  |  | $ | 44,000 |  |  | $ | — |  |  | $ | — |
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 |  |  |  | 475,920 |  |  |  | 500,000 |  |  |  | 477,660 |
3.46% senior notes due January 19, 2033 |  |  | 60,000 |  |  |  | 49,955 |  |  |  | 60,000 |  |  |  | 42,647 |
3.51% senior notes due January 19, 2033 |  |  | 240,000 |  |  |  | 200,698 |  |  |  | — |  |  |  | — |
Credit Line due June 30, 2024 |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Bank notes payable |  |  | 8,068 |  |  |  | 8,068 |  |  |  | 3,292 |  |  |  | 3,292 |
|  |  | 1,022,068 |  |  |  | 948,641 |  |  |  | 1,083,292 |  |  |  | 1,045,874 |
Unamortized debt discounts and issuance costs (b) |  |  | (5,473 | ) |  |  | — |  |  |  | (3,674 | ) |  |  | — |
|  | $ | 1,016,595 |  |  | $ | 948,641 |  |  | $ | 1,079,618 |  |  | $ | 1,045,874 |
(a) Variable interest rate of 6.8% and 5.8% at December 31, 2023 and 2022, respectively. (b) Excludes $1.8 million attributable to the 2027 Revolving Credit Facility included in other assets at December 31, 2022.
Aggregate Payments due on Long-Term Debt | The aggregate payments due on the long-term debt in each of the next five years were as follows (in thousands):
2024 |  | $ | 8,068 |
2025 |  |  | 32,500 |
2026 |  |  | 56,250 |
2027 |  |  | 125,250 |
2028 |  |  | 500,000 |
Thereafter |  |  | 300,000 |
|  | $ | 1,022,068 |

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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 maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481544/470-10-50-1 + Details
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