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Notes Payable, Other and Short-Term Borrowings (Tables)
3 Months Ended
Mar. 31, 2021
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, 2021

 

 

December 31, 2020

 

Unsecured senior revolving credit agreement

 

$

 

 

$

 

5.125% Senior Notes

 

 

255,847

 

 

 

255,570

 

5.375% Senior Notes

 

 

446,911

 

 

 

446,577

 

3.750% Senior Notes

 

 

297,110

 

 

 

296,903

 

4.375% Senior Notes

 

 

297,097

 

 

 

297,031

 

Collateralized borrowings

 

 

16,330

 

 

 

19,854

 

Total Notes payable and other borrowings

 

 

1,313,295

 

 

 

1,315,935

 

Short-term borrowings

 

 

3,510

 

 

 

3,849

 

Total Notes payable, other and short-term borrowings

 

$

1,316,805

 

 

$

1,319,784

 

 

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

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

 

 

 

March 31, 2021

 

 

December 31, 2020

 

 

 

Carrying

Amount

 

 

Fair

Value

 

 

Carrying

Amount

 

 

Fair

Value

 

5.125% Senior Notes

 

$

255,847

 

 

$

257,312

 

 

$

255,570

 

 

$

258,067

 

5.375% Senior Notes

 

 

446,911

 

 

 

487,800

 

 

 

446,577

 

 

 

486,747

 

3.750% Senior Notes

 

 

297,110

 

 

 

313,500

 

 

 

296,903

 

 

 

314,031

 

4.375% Senior Notes

 

 

297,097

 

 

 

318,900

 

 

 

297,031

 

 

 

317,466

 

Total

 

$

1,296,965

 

 

$

1,377,512

 

 

$

1,296,081

 

 

$

1,376,311