XML 30 R23.htm IDEA: XBRL DOCUMENT v3.24.3

Debt (Tables)

9 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

Schedule of Maturity Amounts Outstanding Under Credit Agreement and Senior Unsecured Notes

The amounts outstanding under our Revolving Credit Facility and our Senior Unsecured Notes are as follows (in thousands):

		Maturity  Date		Interest Rate		September 30, 2024				December 31, 2023
Revolving Credit Facility		October 2025		6.70%		$	12,500			$	10,000
Term Loan		October 2025		6.13%			150,000				75,000
Series C Notes		February 2025		4.75%			50,000				50,000
Series D-E Notes		June 2028		5.47%			100,000				100,000
Series F-H Notes		September 2029		3.52%			125,000				125,000
Series I-K Notes		November 2030		3.43%			175,000				175,000
Series L-N Notes		February 2032		3.45%			100,000				100,000
Series O-Q Notes		January 2033		3.65%			125,000				125,000
Total debt							837,500				760,000
Unamortized debt issuance costs, net (a)							(3,576	)			(5,266	)
Total debt, net						$	833,924			$	754,734

(a)Unamortized debt issuance costs related to the Revolving Credit Facility were $806 and $1,364 as of September 30, 2024 and December 31, 2023, respectively, and are included in prepaid expenses and other assets on our consolidated balance sheets.

Summary of Scheduled Debt Maturities, Including Balloon Payments

As of September 30, 2024, scheduled debt maturities, including balloon payments, are as follows (in thousands):

		Revolving Facility				Term Loan				Senior Unsecured Notes				Total
2024			—				—				—				—
2025 (a) (b)			12,500				150,000				50,000				212,500
2026			—				—				—				—
2027			—				—				—				—
2028			—				—				100,000				100,000
Thereafter			—				—				525,000				525,000
Total		$	12,500			$	150,000			$	675,000			$	837,500

(a)The Revolving Credit Facility matures in October 2025. Subject to the terms of the Second Restated Credit Agreement and our continued compliance with its provisions, we have the option to extend the term for two six-month periods to October 2026.

(b)The Term Loan matures in October 2025. Subject to the terms of the Term Loan Agreement and our continued compliance with its provisions, we have the option to extend the term for one twelve-month period to October 2026.

X

- References

No definition available.

+ Details

Name:	us-gaap_DebtDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(19)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

+ Details

Name:	us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration