Debt (Tables)

3 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Schedule of Debt Instruments

The following table represents the Company’s debt:

	Interest Rate	Maturity	March 31, 2020		December 31, 2019
Fixed-rate:
6.75% Notes	6.75%	2024	$	350,000	$	350,000
7.625% Notes	7.625%	2055	100,000		100,000
Floating-rate:
Subordinated Debentures I(1)	LIBOR + 3.40%	2035	41,238		41,238
Subordinated Debentures II(2)	LIBOR + 4.25%	2037	30,930		30,930
2019 Credit Agreement(3)	LIBOR + 1.75%	2023	140,000		140,000
Finance lease liabilities	Various	Various	20,946		20,477
Other	3.5%	Various	7,762		9,342
Unamortized debt issuance costs and unamortized discount			(5,798)		(5,981)
Total carrying amount of debt			$	685,078	$	686,006

⁽¹⁾ Interest rate was 4.14% and 5.29%, as of March 31, 2020 and December 31, 2019, respectively.

⁽²⁾ Interest rate was 4.99% and 6.14%, as of March 31, 2020 and December 31, 2019, respectively.

⁽³⁾ Weighted-average interest rate was 2.75% and 3.59% as of March 31, 2020 and December 31, 2019, respectively.

Schedule of Interest Expense

The following table presents the Company’s interest expense:

		Three Months Ended March 31,
	Interest Payment Frequency	2020		2019
6.75% Notes	Semiannually	$	5,906	$	5,906
7.625% Notes	Quarterly	1,906		1,906
Subordinated Debentures	Quarterly	997		1,163
2016 Credit Agreement	Quarterly	—		1,211
2019 Credit Agreement	Quarterly	1,215		529
Finance lease liabilities	Various	371		294
Other(1)	Various	1,385		1,990
Total interest expense		$	11,780	$	12,999

⁽¹⁾ Includes interest for other liabilities, interest credited on funds held balances and accretion of debt issuance costs.

Schedule of Maturities of Long-term Debt

Maturities of the Company’s debt for the years subsequent to March 31, 2020 are as follows:

	2020 (remaining nine months)		2021		2022		2023		2024		2025		Thereafter		Total
6.75% Notes	$	—	$	—	$	—	$	—	$	350,000	$	—	$	—	$	350,000
7.625% Notes	—		—		—		—		—		—		100,000		100,000
Subordinated Debentures I	—		—		—		—		—		—		41,238		41,238
Subordinated Debentures II	—		—		—		—		—		—		30,930		30,930
2019 Credit Agreement	—		—		—		140,000		—		—		—		140,000
Finance lease liabilities	5,380		5,664		3,439		2,144		1,360		735		2,224		20,946
Other	4,819		2,943		—		—		—		—		—		7,762
Total principal amount of debt	$	10,199	$	8,607	$	3,439	$	142,144	$	351,360	$	735	$	174,392	$	690,876
Unamortized debt issuance costs and unamortized discount															(5,798)
Carrying amount of debt															$	685,078