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Notes Payable, Other and Short-term Borrowings (Tables)
9 Months Ended
Sep. 30, 2018
Debt Disclosure [Abstract]  
Summary Notes Payable, Other and Short-term Borrowings

Notes payable, other and short-term borrowings consisted of the following (in thousands):

 

 

 

September 30, 2018

 

 

December 31, 2017

 

Unsecured senior revolving credit agreement

 

$

125,000

 

 

$

 

Unsecured converted Term Loan

 

 

132,456

 

 

 

397,310

 

Unsecured senior term loan credit agreement

 

 

 

 

 

270,710

 

8.125% Senior Notes

 

 

 

 

 

109,396

 

5.375% Senior Notes

 

 

298,801

 

 

 

298,064

 

8.375% Senior Notes

 

 

 

 

 

242,474

 

5.125% Senior Notes

 

 

297,611

 

 

 

296,996

 

5.375% Senior Notes due 2023

 

 

444,450

 

 

 

 

Collateralized borrowings

 

 

24,712

 

 

 

35,559

 

Total Notes payable and other borrowings

 

 

1,323,030

 

 

 

1,650,509

 

Short-term borrowings

 

 

4,995

 

 

 

6,046

 

Total Notes payable, other and short-term borrowings

 

$

1,328,025

 

 

$

1,656,555

 

 

Carrying Amounts and Estimated Fair Values of Company's Senior Notes

The Company’s Senior Notes are recorded at amortized cost. As of September 30, 2018 and December 31, 2017, the carrying amounts and estimated fair values of the Company’s Senior Notes were as follows (in thousands):

 

 

 

September 30, 2018

 

 

December 31, 2017

 

 

 

Carrying

Amount

 

 

Fair

Value

 

 

Carrying

Amount

 

 

Fair

Value

 

8.125% Senior Notes

 

$

 

 

$

 

 

$

109,396

 

 

$

116,550

 

5.375% Senior Notes

 

 

298,801

 

 

 

305,040

 

 

 

298,064

 

 

 

313,125

 

8.375% Senior Notes

 

 

 

 

 

 

 

 

242,474

 

 

 

247,200

 

5.125% Senior Notes

 

 

297,611

 

 

 

305,895

 

 

 

296,996

 

 

 

315,375

 

5.375% Senior Notes due 2023

 

 

444,450

 

 

 

449,096

 

 

 

 

 

 

 

Total

 

$

1,040,862

 

 

$

1,060,031

 

 

$

946,930

 

 

$

992,250