Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Carrying Values and Fair Values of Debt Outstanding

The following table presents the carrying value and fair value (determined using inputs characteristic of a Level 2 fair value measurement) of debt outstanding (in thousands):

	June 30, 2022					December 31, 2021
	Carrying Value			Fair Value		Carrying Value			Fair Value
Revolving Credit Facility due March 27, 2024 (a)	$	—		$	—	$	—		$	—
Term Loan due March 27, 2024 (a)		285,000			285,000		315,000			315,000
3.29% senior notes due February 27, 2023		350,000			351,828		350,000			358,390
4.2% senior notes due March 1, 2028		500,000			500,480		500,000			549,239
Credit line due June 30, 2024		—			—		—			—
Bank notes payable		4,206			4,206		1,934			1,934
		1,139,206			1,141,514		1,166,934			1,224,563
Unamortized debt discounts and issuance costs (b)		(3,151	)		—		(3,567	)		—
	$	1,136,055		$	1,141,514	$	1,163,367		$	1,224,563

(a)Variable interest rate of 3.0% and 1.5% at June 30, 2022 and December 31, 2021, respectively.

(b)Excludes $1.1 million and $1.4 million attributable to the 2024 Revolving Credit Facility included in other assets at June 30, 2022 and December 31, 2021, respectively.

Borrowings and Payments Under the Bank Credit Facilities

The following table presents borrowings and payments under the bank credit facilities (in thousands):

	Six Months Ended June 30,
	2022			2021
Borrowings on bank credit facilities	$	120,634		$	2,365
Payments on bank credit facilities		(118,362	)		(195,988	)
	$	2,272		$	(193,623	)