Corporate Borrowings (Tables)

9 Months Ended

Sep. 30, 2025

The following table presents the Company’s outstanding indebtedness:


Description(a)	September 30, 2025		December 31, 2024
Credit Agreement - Revolver, 5.26% (variable rate) due 2030	$	57,000	$	105,000
Convertible Senior Notes, 1.88% (fixed rate) due 2041	201,250		201,250

Note Purchase Agreement
Series A Senior Secured Notes, 3.53% (fixed rate) due 2027	6,400		8,800
Senior Secured Notes, 3.80% (fixed rate) due 2029	12,000		14,400

Total indebtedness outstanding	276,650		329,450
Less unamortized loan fees(b)	(7,927)		(5,909)
Total indebtedness outstanding, net	268,723		323,541
Less current maturities of long-term debt	(6,400)		(6,400)
Long-term debt	$	262,323	$	317,141

(a) Interest rates are as of September 30, 2025.

(b) Loan fees are being amortized over the life of the debt agreements.

- Definition

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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+ Details