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Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt

Long-term debt at December 31, 2021 and 2020 consisted of the following:

 

(in thousands)

 

December 31,
2021

 

 

December 31,
2020

 

Current portion of long-term debt:

 

 

 

 

 

 

Current portion of 5-year term loan facility expires 2026

 

$

12,500

 

 

$

 

Current portion of 5-year term loan facility expires 2022

 

 

 

 

 

40,000

 

Current portion of 5-year term loan credit agreement
   expires
2023

 

 

30,000

 

 

 

30,000

 

Total current portion of long-term debt

 

 

42,500

 

 

 

70,000

 

Long-term debt:

 

 

 

 

 

 

Note agreements:

 

 

 

 

 

 

4.200% Senior Notes, semi-annual interest payments,
   balloon due
2024

 

 

499,574

 

 

 

499,416

 

4.500% Senior Notes, semi-annual interest payments,
   balloon due
2029

 

 

349,596

 

 

 

349,540

 

2.375% Senior Note due 2031, semi-annual interest payments, balloon due 2031

 

 

699,325

 

 

 

699,252

 

Total notes

 

 

1,548,495

 

 

 

1,548,208

 

Credit agreements:

 

 

 

 

 

 

5-year term loan facility, periodic interest and principal
   payments, LIBOR plus up to
1.750%, expires
   
October 27, 2026

 

 

234,375

 

 

 

 

5-year term loan facility, periodic interest and principal
   payments, LIBOR plus up to
1.750%, expires
   
June 28, 2022

 

 

 

 

 

250,000

 

5-year revolving loan facility, periodic interest payments,
   currently LIBOR plus up to
1.500%, plus commitment
   fees up to
0.225%, expires October 27, 2026

 

 

 

 

 

 

5-year revolving loan facility, periodic interest payments,
   currently LIBOR plus up to
1.500%, plus commitment
   fees up to
0.250%, expires June 28, 2022

 

 

 

 

 

 

5-year term loan facility, periodic interest and principal
   payments, LIBOR plus up to
1.750%, expires
   
December 21, 2023

 

 

210,000

 

 

 

240,000

 

Total credit agreements

 

 

444,375

 

 

 

490,000

 

Debt issuance costs (contra)

 

 

(12,433

)

 

 

(12,302

)

Total long-term debt less unamortized discount and
   debt issuance costs

 

 

1,980,437

 

 

 

2,025,906

 

Current portion of long-term debt

 

 

42,500

 

 

 

70,000

 

Total debt

 

$

2,022,937

 

 

$

2,095,906