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Fair Values of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2016
Fair Value Disclosures [Abstract]  
Estimated Fair Value of Outstanding Debt Balances

The estimated fair value of the Company’s outstanding debt balances (including current portion) as of March 31, 2016 and December 31, 2015 is set forth below (in thousands):

 

 

March 31, 2016

 

 

December 31, 2015

 

 

Carrying

 

 

Fair

 

 

Carrying

 

 

Fair

 

 

Value

 

 

Value

 

 

Value

 

 

Value

 

Borrowings under Credit Agreement:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Term loan facility

$

65,000

 

 

$

65,000

 

 

$

70,000

 

 

$

70,000

 

2015 Term Loan

 

180,000

 

 

 

180,000

 

 

 

185,000

 

 

 

185,000

 

4.97% Series A Senior Notes

 

300,000

 

 

 

286,836

 

 

 

300,000

 

 

 

279,635

 

4.27% Series B Senior Notes

 

300,000

 

 

 

268,149

 

 

 

300,000

 

 

 

258,806

 

Total debt

$

845,000

 

 

$

799,985

 

 

$

855,000

 

 

$

793,441