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Fair Values of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2018
Fair Value Disclosures [Abstract]  
Estimated Fair Value of Outstanding Debt Balances

The estimated fair value of the Company’s outstanding debt balances as of March 31, 2018 and December 31, 2017 is set forth below (in thousands):

 

March 31, 2018

 

 

December 31, 2017

 

 

Carrying

 

 

Fair

 

 

Carrying

 

 

Fair

 

 

Value

 

 

Value

 

 

Value

 

 

Value

 

Revolving credit facility

$

 

 

$

 

 

$

268,000

 

 

$

268,000

 

3.95% Senior Notes

 

525,000

 

 

 

502,989

 

 

 

 

 

 

 

4.97% Series A Senior Notes

 

300,000

 

 

 

306,304

 

 

 

300,000

 

 

 

303,966

 

4.27% Series B Senior Notes

 

300,000

 

 

 

300,334

 

 

 

300,000

 

 

 

295,616

 

Total debt

$

1,125,000

 

 

$

1,109,627

 

 

$

868,000

 

 

$

867,582