FAIR VALUE OF FINANCIAL INSTRUMENTS

9 Months Ended

Sep. 30, 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 September 30, 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.

	September 30, 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		199,157		200,000		196,059
4.05% Senior notes due 2028	67,500		66,569		67,500		64,733
4.11% Senior notes due 2028	90,000		88,479		90,000		85,784
3.10% Senior notes due 2030	150,000		138,224		150,000		131,386
3.20% Senior notes due 2032	150,000		132,719		150,000		125,426
4.49% Senior notes due 2032	200,000		191,283		200,000		182,451
4.64% Senior notes due 2034	100,000		93,996		100,000		89,538
Borrowings under Revolving Credit Agreement due 2027	10,500		10,500		—		—
Total debt	968,000		920,927		1,047,500		965,253
Debt issuance costs, net	(1,175)		(1,175)		(1,326)		(1,326)
Unamortized interest rate swap proceeds	1,807		1,807		2,775		2,775
Total debt, net	$	968,632	$	921,559	$	1,048,949	$	966,702