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Notes Payable, Other and Short-Term Borrowings (Tables)
12 Months Ended
Dec. 31, 2018
Debt Disclosure [Abstract]  
Summary Notes Payable, Other and Short-term Borrowings

Notes payable, other and short-term borrowings consisted of the following (in thousands):

 

 

 

December 31,

2018

 

 

December 31,

2017

 

Unsecured senior revolving credit agreement

 

$

 

 

$

 

Unsecured senior term loan credit agreement

 

 

 

 

 

 

8.375% Senior Notes

 

 

 

 

 

242,474

 

5.125% Senior Notes

 

 

297,821

 

 

 

296,996

 

5.375% Senior Notes

 

 

444,696

 

 

 

 

Collateralized borrowings

 

 

21,031

 

 

 

35,559

 

Total Notes payable and collateralized borrowings

 

 

763,548

 

 

 

575,029

 

Short-term borrowings

 

 

5,162

 

 

 

6,046

 

Total Notes payable, other and short-term borrowings

 

$

768,710

 

 

$

581,075

 

Carrying Amounts and Estimated Fair Values of Company's Senior Notes

The Company’s Senior Notes are recorded at amortized cost. As of December 31, 2018 and December 31, 2017, the carrying amounts and estimated fair values of the Company’s Senior Notes were as follows (in thousands):

 

 

 

December 31, 2018

 

 

December 31, 2017

 

 

 

Carrying Amount

 

 

Fair Value

 

 

Carrying Amount

 

 

Fair Value

 

8.125% Senior Notes

 

$

 

 

$

 

 

$

 

 

$

 

5.375% Senior Notes

 

 

 

 

 

 

 

 

 

 

 

 

8.375% Senior Notes

 

 

 

 

 

 

 

 

242,474

 

 

 

247,200

 

5.125% Senior Notes

 

 

297,821

 

 

 

304,890

 

 

 

296,996

 

 

 

315,375

 

5.375% Senior Notes due 2023

 

 

444,695

 

 

 

451,305

 

 

 

 

 

 

 

Total

 

$

742,516

 

 

$

756,195

 

 

$

539,470

 

 

$

562,575