Debt (Tables)

6 Months Ended

Jun. 30, 2020

Debt Disclosure [Abstract]

Schedule of Debt Instruments

The following table represents the Company’s debt:

	Interest Rate	Maturity	June 30, 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	19,542		20,477
Other	3.5%	Various	6,170		9,342
Unamortized debt issuance costs and unamortized discount			(5,614)		(5,981)
Total carrying amount of debt			$	682,266	$	686,006

⁽¹⁾ Interest rate was 3.71% and 5.29%, as of June 30, 2020, and December 31, 2019, respectively.

⁽²⁾ Interest rate was 4.56% and 6.14%, as of June 30, 2020, and December 31, 2019, respectively.

⁽³⁾ Weighted-average interest rate was 1.94% and 3.59% as of June 30, 2020, and December 31, 2019, respectively.

Schedule of Interest Expense

The following table presents the Company’s interest expense:

		Three Months Ended June 30,				Six Months Ended June 30,
	Interest Payment Frequency	2020		2019		2020		2019
6.75% Notes	Semiannually	$	5,907	$	5,907	$	11,813	$	11,813
7.625% Notes	Quarterly	1,907		1,907		3,813		3,813
Subordinated Debentures	Quarterly	810		1,189		1,807		2,352
2016 Credit Agreement	Quarterly	—		—		—		1,211
2019 Credit Agreement	Quarterly	819		1,817		2,034		2,346
Finance lease liabilities	Various	276		292		647		586
Other(1)	Various	2,060		1,813		3,445		3,803
Total interest expense		$	11,779	$	12,925	$	23,559	$	25,924

⁽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 June 30, 2020, are as follows:

	2020 (remaining six months)		2021		2022		2023		2024		2025 and 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	3,317		5,889		3,698		2,288		1,391		2,959		19,542
Other	3,227		2,943		—		—		—		—		6,170
Total principal amount of debt	$	6,544	$	8,832	$	3,698	$	142,288	$	351,391	$	175,127	$	687,880
Unamortized debt issuance costs and unamortized discount													(5,614)
Carrying amount of debt													$	682,266