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CORPORATE BORROWINGS (Tables) | 12 Months Ended
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Dec. 31, 2023
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments | Indebtedness Outstanding. The following table presents the Company’s outstanding indebtedness:
| December 31, |  |
Description(a) | 2023 |  | 2022 |  |
Credit Agreement - Revolver, 6.46% (variable rate) due 2026 | $ | 63,000 |  |  | $ | — |  |  |
Convertible Note, 1.88% (fixed rate) due 2041 | 201,250 |  |  | 201,250 |  |  |
Note Purchase Agreement |  |  |  |  |
Series A Senior Secured Notes, 3.53% (fixed rate) due 2027 | 12,000 |  |  | 15,200 |  |  |
Senior Secured Notes, 3.80% (fixed rate) due 2029 | 17,600 |  |  | 20,000 |  |  |
Total indebtedness outstanding | 293,850 |  |  | 236,450 |  |  |
Less unamortized loan fees(b) | (6,601) |  |  | (6,115) |  |  |
Total indebtedness outstanding, net | 287,249 |  |  | 230,335 |  |  |
Less current maturities of long-term debt | (6,400) |  |  | (5,600) |  |  |
Long-term debt | $ | 280,849 |  |  | $ | 224,735 |  |  |
(a) Interest rates are as of December 31, 2023. (b) Loan fees are being amortized over the life of the debt agreements.
Schedule of Contractual Obligation, Fiscal Year Maturity Schedule | Debt Maturities. Aggregate amount of maturities for long-term debt as of December 31, 2023 are as follows:
2024 | $ | 6,400 |
2025 | 6,400 |
2026 | 69,400 |
2027 | 5,600 |
2028 | 3,200 |
Thereafter | 202,850 |
Total | $ | 293,850 |

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