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Notes Payable, Other and Short-Term Borrowings (Tables)
3 Months Ended
Mar. 31, 2019
Debt Disclosure [Abstract]  
Summary Notes Payable, Other and Short-term Borrowings

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

 

 

 

March 31, 2019

 

 

December 31, 2018

 

Unsecured senior revolving credit agreement

 

$

248,446

 

 

$

 

8.375% Senior Notes

 

 

 

 

 

 

5.125% Senior Notes

 

 

298,034

 

 

 

297,821

 

5.375% Senior Notes

 

 

 

 

 

 

5.375% Senior Notes due 2023

 

 

444,433

 

 

 

444,696

 

Collateralized borrowings

 

 

17,318

 

 

 

21,031

 

Total Notes payable and other borrowings

 

 

1,008,231

 

 

 

763,548

 

Short-term borrowings

 

 

5,133

 

 

 

5,162

 

Total Notes payable, other and short-term borrowings

 

$

1,013,364

 

 

$

768,710

 

 

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

The Company’s Senior Notes are recorded at amortized cost. As of March 31, 2019 and December 31, 2018, the carrying amounts and estimated fair values of the Company’s Senior Notes were as follows (in thousands):

 

 

 

March 31, 2019

 

 

December 31, 2018

 

 

 

Carrying

Amount

 

 

Fair

Value

 

 

Carrying

Amount

 

 

Fair

Value

 

8.125% Senior Notes

 

$

 

 

$

 

 

$

 

 

$

 

5.375% Senior Notes

 

 

 

 

 

 

 

 

 

 

 

 

8.375% Senior Notes

 

 

 

 

 

 

 

 

 

 

 

 

5.125% Senior Notes

 

 

298,034

 

 

 

306,840

 

 

 

297,821

 

 

 

304,890

 

5.375% Senior Notes due 2023

 

 

444,433

 

 

 

463,770

 

 

 

444,696

 

 

 

451,305

 

Total

 

$

742,467

 

 

$

770,610

 

 

$

742,517

 

 

$

756,195