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Corporate Borrowings (Tables)

9 Months Ended

Sep. 30, 2021

Debt Disclosure [Abstract]

Schedule of Outstanding Indebtedness

The following table presents the Company’s outstanding indebtedness:

Description(a)						September 30, 2021						December 31, 2020
Credit Agreement - Revolver, 1.34% (variable rate) due 2025						$	210,000					$	—
Prudential Note Purchase Agreement, 3.53% (fixed rate) due 2027						19,200						20,000
Prudential Note Purchase Agreement, 3.80% (fixed rate) due 2029						20,000						20,000
Other long-term borrowings						210						—
Total indebtedness outstanding						249,410						40,000
Less unamortized loan fees(b)						(1,733)						(129)
Total indebtedness outstanding, net						247,677						39,871
Less current maturities of long-term debt						(3,227)						(1,600)
Long-term debt and Credit Agreement - Revolver						$	244,450					$	38,271

(a) Interest rates are as of September 30, 2021.

(b) Loan fees are being amortized over the life of the Credit Agreement and Note Purchase Agreement.

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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