Debt (Tables)

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Schedule of Debt Instruments

The following table represents the Company’s debt:

	Interest Rate	Maturity	September 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	18,133		20,477
Other	3.5%	Various	4,563		9,342
Unamortized debt issuance costs and unamortized discount			(5,428)		(5,981)
Total carrying amount of debt			$	679,436	$	686,006

(1) Interest rate was 3.65% and 5.29%, as of September 30, 2020, and December 31, 2019, respectively.

(2) Interest rate was 4.50% and 6.14%, as of September 30, 2020, and December 31, 2019, respectively.

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

Schedule of Interest Expense

The following table presents the Company’s interest expense:

		Three Months Ended September 30,				Nine Months Ended September 30,
	Interest Payment Frequency	2020		2019		2020		2019
6.75% Notes	Semiannually	$	5,906	$	5,906	$	17,719	$	17,719
7.625% Notes	Quarterly	1,906		1,906		5,719		5,719
Subordinated Debentures	Quarterly	749		1,118		2,556		3,470
2016 Credit Agreement	Quarterly	—		—		—		1,211
2019 Credit Agreement	Quarterly	678		1,674		2,712		4,020
Finance lease liabilities	Various	259		302		906		888
Other(1)	Various	1,794		1,992		5,239		5,795
Total interest expense		$	11,292	$	12,898	$	34,851	$	38,822

(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 September 30, 2020, are as follows:

	2020 (remaining three 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	1,665		5,962		3,796		2,349		1,402		2,959		18,133
Other	1,620		2,943		—		—		—		—		4,563
Total principal amount of debt	$	3,285	$	8,905	$	3,796	$	142,349	$	351,402	$	175,127	$	684,864
Unamortized debt issuance costs and unamortized discount													(5,428)
Carrying amount of debt													$	679,436