FAIR VALUE OF FINANCIAL INSTRUMENTS

3 Months Ended

Mar. 31, 2025

Fair Value Disclosures [Abstract]

FAIR VALUE OF FINANCIAL INSTRUMENTS

FAIR VALUE OF FINANCIAL INSTRUMENTS

Debt

The estimated fair value amounts were determined by the Corporation using available market information that is primarily based on quoted market prices for the same or similar issuances as of March 31, 2025. Accordingly, all of the Corporation’s debt is valued as a Level 2 financial instrument.  The fair values described below may not be indicative of net realizable value or reflective of future fair values.  Furthermore, the use of different methodologies to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date.

	March 31, 2025				December 31, 2024
(In thousands)	Carrying Value		Estimated Fair Value		Carrying Value		Estimated Fair Value
3.85% Senior notes due 2025	$	—	$	—	$	90,000	$	89,876
4.24% Senior notes due 2026	200,000		197,509		200,000		196,059
4.05% Senior notes due 2028	67,500		65,653		67,500		64,733
4.11% Senior notes due 2028	90,000		87,199		90,000		85,784
3.10% Senior notes due 2030	150,000		134,933		150,000		131,386
3.20% Senior notes due 2032	150,000		129,392		150,000		125,426
4.49% Senior notes due 2032	200,000		187,604		200,000		182,451
4.64% Senior notes due 2034	100,000		92,311		100,000		89,538
Total debt	957,500		894,601		1,047,500		965,253
Debt issuance costs, net	(1,275)		(1,275)		(1,326)		(1,326)
Unamortized interest rate swap proceeds	2,404		2,404		2,775		2,775
Total debt, net	$	958,629	$	895,730	$	1,048,949	$	966,702