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Fair Values of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2015
Fair Value Disclosures [Abstract]  
Estimated Fair Value of Outstanding Debt Balances

The estimated fair value of the Company’s outstanding debt balances (including current portion) as of December 31, 2015 and 2014 is set forth below (in thousands):

 

 

 

December 31, 2015

 

 

December 31, 2014

 

 

 

Carrying

 

 

Fair

 

 

Carrying

 

 

Fair

 

 

 

Value

 

 

Value

 

 

Value

 

 

Value

 

Borrowings under Credit Agreement:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revolving credit facility

 

$

 

 

$

 

 

$

303,000

 

 

$

303,000

 

Term loan facility

 

 

70,000

 

 

 

70,000

 

 

 

82,500

 

 

 

82,500

 

2015 Term Loan

 

 

185,000

 

 

 

185,000

 

 

 

 

 

 

 

4.97% Series A Senior Notes

 

 

300,000

 

 

 

279,635

 

 

 

300,000

 

 

 

288,346

 

4.27% Series B Senior Notes

 

 

300,000

 

 

 

258,806

 

 

 

300,000

 

 

 

269,173

 

Total debt

 

$

855,000

 

 

$

793,441

 

 

$

985,500

 

 

$

943,019