Long-Term Debt - Additional Information (Detail)
|
|
|
|
|
1 Months Ended |
9 Months Ended |
|
May 05, 2022
USD ($)
|
Jul. 19, 2021
USD ($)
|
Jul. 02, 2021
USD ($)
|
Jul. 01, 2021
USD ($)
|
May 31, 2022
USD ($)
|
Dec. 31, 2022
USD ($)
|
Dec. 31, 2021
USD ($)
|
Mar. 31, 2022
USD ($)
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
Revolving Credit Facility |
|
|
|
|
|
$ 130,000,000
|
|
$ 200,000,000
|
Interest coverage ratio |
|
|
2.50%
|
|
|
|
|
|
Borrowings outstanding under Credit Facility |
|
|
|
|
|
130,000,000
|
|
200,000,000
|
Outstanding letters of credit, amount |
|
|
|
|
|
6,400,000
|
|
|
Debt instrument, principal amount |
|
|
|
|
|
1,075,000,000
|
|
950,000,000
|
Outstanding borrowings |
|
|
|
|
|
613,600,000
|
|
|
Proceeds from (Repayments of) Other Long-Term Debt |
|
|
|
|
|
$ (5,000,000)
|
$ (665,000,000)
|
|
Maturity Period 2021 [Member] |
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
Unused line of credit commitment fee based on leverage ratio |
|
|
9.00%
|
|
|
|
|
|
Maximum [Member] |
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
Unused line of credit commitment fee based on leverage ratio |
|
|
22.50%
|
|
|
|
|
|
London Interbank Offered Rate (LIBOR) [Member] |
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
Variable margin |
|
|
|
|
|
3.00%
|
|
|
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | Minimum [Member] | Maturity Period 2021 [Member] |
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
Variable margin |
|
|
100.00%
|
|
|
|
|
|
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | Maximum [Member] | Maturity Period 2021 [Member] |
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
Variable margin |
|
|
162.50%
|
|
|
|
|
|
NYFRB [Member] | Minimum [Member] |
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
Variable margin |
|
|
0.00%
|
|
|
|
|
|
NYFRB [Member] | Maximum [Member] |
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
Variable margin |
|
|
62.50%
|
|
|
|
|
|
Term Loan [Member] |
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
Term loan facility, unused borrowing capacity, Amount |
$ 200,000,000.0
|
|
|
|
|
|
|
|
Quarterly principal payments |
2,500,000
|
|
|
|
|
|
|
|
Debt instrument, principal amount |
|
|
|
|
|
$ 195,000,000
|
|
0
|
Debt instrument, maturity date |
|
|
|
|
May 05, 2027
|
|
|
|
Term Loan Agreement [Member] |
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
Proceeds from (Repayments of) Other Long-Term Debt |
|
|
|
$ 665,000,000.0
|
|
|
|
|
2.500% Senior Unsecured Notes Due 2026 |
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
Debt issuance costs |
|
$ 6,100,000
|
|
|
|
|
|
|
4.500% Senior Unsecured Notes Due 2026 [Member] |
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
Debt instrument, maturity date |
|
Jul. 19, 2021
|
|
|
|
|
|
|
Debt instrument, maturity period |
|
2026-08
|
|
|
|
|
|
|
Redemption date |
|
Jul. 17, 2021
|
|
|
|
|
|
|
Termination premium |
|
$ 8,400,000
|
|
|
|
|
|
|
Repayments of Other Long-Term Debt |
|
$ 350,000,000.0
|
|
|
|
|
|
|
2.500% Senior Unsecured Notes Due 2031 [Member] |
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
Debt instrument, principal amount |
|
|
|
$ 750,000,000.0
|
|
$ 750,000,000
|
|
$ 750,000,000
|
Debt instrument, interest rate |
|
|
|
2.50%
|
|
2.50%
|
|
|
Debt instrument, maturity period |
|
|
2031-07
|
|
|
|
|
|
Debt instrument, original issue discount |
|
|
|
$ 6,300,000
|
|
|
|
|
Effective interest rate |
|
|
|
2.60%
|
|
|
|
|
Interest payment period |
|
|
ten-year
|
|
|
|
|
|
Semi annual basis, treasury rate |
|
|
20.00%
|
|
|
|
|
|
Percentage of aggregate amount repurchased |
|
|
101.00%
|
|
|
|
|
|
Credit Facility, termination date |
|
|
Jul. 01, 2021
|
|
|
|
|
|
2.500% Senior Unsecured Notes Due 2031 [Member] | Redeemable On or After April 1, 2031 [Member] |
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
Debt instrument, interest rate |
|
|
|
2.50%
|
|
|
|
|
Percentage of principal amount redeemable |
|
|
100.00%
|
|
|
|
|
|
Revolving Credit Facility [Member] |
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
Revolving Credit Facility |
|
|
|
|
|
$ 130,000,000.0
|
|
|
Credit facility, interest rate description |
|
|
|
|
|
At the Company’s option, outstanding loans under the Revolving Credit Facility bear interest, at a variable rate equal to either (i) the adjusted term SOFR rate (secured overnight financing rate), plus 10 bps, plus an agreed spread (ranging from 100 to 162.5 basis points, which is established based on the Company's credit rating); (ii) in respect of any Revolving Loans (until such time as the then-existing Benchmark (as defined in the Revolving Credit Facility) is replaced in accordance with the Revolving Credit Facility), the adjusted daily simple SOFR rate, plus 10 bps, plus an agreed spread (ranging from 100 to 162.5 basis points, which is established based on the Company's credit rating) or (iii) an Alternate Base Rate (as defined in the Revolving Credit Facility), which is the highest of (a) the Prime Rate (as defined in the Revolving Credit Facility) in effect on any applicable day, (b) the NYFRB Rate (as defined in the Revolving Credit Facility) in effect on any applicable day, plus ½ of 1%, and (c) the Adjusted Term SOFR (as defined in the Revolving Credit Facility) for a one-month interest period on any applicable day, or if such day is not a business day, the immediately preceding business day, plus 1.0%, in each case plus an agreed upon spread (ranging from 0 to 62.5 basis points) which is established quarterly based on the Company's credit rating. The Company is also required to pay a facility fee on unused available borrowings under the Revolving Credit Facility ranging from 9 to 22.5 basis points which is established based on the Company's then credit rating.
|
|
|
Borrowings outstanding under Credit Facility |
|
|
|
|
|
$ 130,000,000.0
|
|
|
Outstanding borrowings |
|
|
|
|
|
613,600,000
|
|
|
Revolving Credit Facility [Member] | Minimum [Member] |
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
Supplementary leverage ratio |
|
|
|
0.0350
|
|
|
|
|
Revolving Credit Facility [Member] | Swingline Loan [Member] |
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
Line of Credit Facility, Maximum Borrowing Capacity |
|
|
|
$ 25,000,000.0
|
|
|
|
|
Revolving Credit Facility [Member] | Unsecured Debt |
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
Line of Credit Facility, Maximum Borrowing Capacity |
$ 750,000,000.0
|
|
|
|
|
|
|
|
Revolving Credit Facility [Member] | Term Loan [Member] |
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
Line of Credit Facility, Maximum Borrowing Capacity |
|
|
|
|
$ 200,000,000.0
|
|
|
|
Line of Credit | Maximum [Member] |
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
Amount of increase in borrowing capacity |
|
|
$ 375,000,000.0
|
|
|
|
|
|
Line of Credit | NYFRB [Member] |
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
Variable margin |
|
|
0.005%
|
|
|
|
|
|
Letter of Credit [Member] |
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
Line of Credit Facility, Maximum Borrowing Capacity |
|
|
|
1,125,000,000.0
|
|
|
|
|
Letter of Credit Facility |
|
|
|
$ 40,000,000.0
|
|
|
|
|
Unused line of credit commitment fee based on leverage ratio |
|
|
|
|
|
|
12.50%
|
|
Outstanding letters of credit, amount |
|
|
|
|
|
$ 6,400,000
|
|
|