Debt and Credit Agreements (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Schedule of Long-term Debt and Credit Agreements

The Company's debt and credit agreements consisted of the following:

	December 31,
(In thousands)	2019			2018
Total debt
6.51% weighted-average senior notes (1)	$	124,000		$	124,000
5.58% weighted-average senior notes	175,000			175,000
3.65% weighted-average senior notes	925,000			925,000
Revolving credit facility	—			7,000
Unamortized debt issuance costs	(3,975		)	(4,896		)
	$	1,220,025		$	1,226,104

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(1)

Includes $87.0 million of current portion of long-term debt at December 31, 2019.

The notes have bullet maturities and were issued in three separate tranches as follows:

	Principal		Term	Maturity Date	Coupon
Tranche 1	$	245,000,000	10 years	July 2018	6.44	%
Tranche 2	$	100,000,000	12 years	July 2020	6.54	%
Tranche 3	$	80,000,000	15 years	July 2023	6.69	%

The notes have bullet maturities and were issued in three separate tranches as follows:

	Principal		Term	Maturity Date	Coupon
Tranche 1	$	88,000,000	10 years	January 2021	5.42	%
Tranche 2	$	25,000,000	12 years	January 2023	5.59	%
Tranche 3	$	62,000,000	15 years	January 2026	5.80	%

The notes have bullet maturities and were issued in three separate tranches as follows:

	Principal		Term	Maturity Date	Coupon
Tranche 1	$	100,000,000	7 years	September 2021	3.24	%
Tranche 2	$	575,000,000	10 years	September 2024	3.67	%
Tranche 3	$	250,000,000	12 years	September 2026	3.77	%