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Fair Values of Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2017
Fair Value Disclosures [Abstract]  
Estimated Fair Value of Outstanding Debt Balances

The estimated fair value of the Company’s outstanding debt balances as of September 30, 2017 and December 31, 2016 is set forth below (in thousands):

 

September 30, 2017

 

 

December 31, 2016

 

 

Carrying

 

 

Fair

 

 

Carrying

 

 

Fair

 

 

Value

 

 

Value

 

 

Value

 

 

Value

 

4.97% Series A Senior Notes

$

300,000

 

 

$

305,440

 

 

$

300,000

 

 

$

283,534

 

4.27% Series B Senior Notes

 

300,000

 

 

 

296,172

 

 

 

300,000

 

 

 

263,194

 

Total debt

$

600,000

 

 

$

601,612

 

 

$

600,000

 

 

$

546,728