Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2020

Long-Term Debt [Abstract]

Carrying Values and Fair Values of Debt Outstanding

The following table presents the carrying value and fair value of debt outstanding (in thousands):

	June 30, 2020					December 31, 2019
	Carrying Value			Fair Value		Carrying Value			Fair Value
Revolving Credit Facility	$	425,000		$	425,000	$	—		$	—
Term Loan		375,000			375,000		375,000			375,000
2.72% senior notes due February 27, 2020		—			—		150,000			151,547
3.29% senior notes due February 27, 2023		350,000			366,605		350,000			353,216
4.2% senior notes due March 1, 2028		500,000			591,992		500,000			541,546
Bank notes payable		7			7		16			16
Unamortized debt discounts and issuance costs		(7,168	)		—		(5,249	)		—
	$	1,642,839		$	1,758,604	$	1,369,767		$	1,421,325

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,
	2020			2019
Borrowings on bank credit facilities	$	582,038		$	1,276,716
Payments on bank credit facilities		(157,047	)		(1,590,521	)
	$	424,991		$	(313,805	)