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Notes Payable
 3 Months Ended
Mar. 31, 2022
Debt Disclosure [Abstract]  
Notes Payable Notes Payable
Notes payable includes the following:
March 31, 2022December 31, 2021
(Dollars in thousands)
Senior notes due 2027
Principal$500,000 $500,000 
Unamortized debt issue costs(3,371)(3,537)
Unamortized discount(204)(213)
$496,425 $496,250 
On June 16, 2017, we issued $500 million aggregate principal amount of senior unsecured notes due 2027 which bear interest at 5.0% per year and will mature on June 15, 2027 (the "2027 Notes"). The 2027 Notes were issued at a $0.3 million discount, which is being amortized over the term of the 2027 Notes using the effective interest method. Contractual interest is payable semi-annually in arrears each June 15th and December 15th. The initial transaction fees and costs totaling $5.8 million were capitalized as deferred financing costs and are being amortized over the term of the 2027 Notes using the effective interest method.