| Carrying Values and Fair Values of Debt Outstanding |
The following table presents the carrying value and fair value (determined using inputs characteristic of a Level 2 fair value measurement) of debt outstanding (in thousands):
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June 30, 2025 |
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December 31, 2024 |
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Carrying Value |
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Fair Value |
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Carrying Value |
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Fair Value |
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Revolving Credit Facility due July 29, 2027 (a) |
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$ |
245,000 |
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$ |
245,000 |
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|
$ |
— |
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|
$ |
— |
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Term Loan due July 29, 2027 (a) |
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70,000 |
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|
70,000 |
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|
|
70,000 |
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|
|
70,000 |
|
4.2% senior notes due March 1, 2028 |
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|
500,000 |
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|
|
502,539 |
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|
|
500,000 |
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|
|
491,923 |
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3.46% senior notes due January 19, 2033 |
|
|
60,000 |
|
|
|
54,459 |
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|
|
60,000 |
|
|
|
52,956 |
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3.51% senior notes due January 19, 2033 |
|
|
240,000 |
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|
|
218,629 |
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240,000 |
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|
212,650 |
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Credit line due June 30, 2026 |
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— |
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— |
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— |
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— |
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Bank notes payable |
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6,433 |
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6,433 |
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|
8,226 |
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8,226 |
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1,121,433 |
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1,097,060 |
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|
878,226 |
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|
835,755 |
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Unamortized debt discounts and issuance costs |
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|
(3,668 |
) |
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|
— |
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(3,278 |
) |
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|
— |
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|
|
$ |
1,117,765 |
|
|
$ |
1,097,060 |
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|
$ |
874,948 |
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$ |
835,755 |
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(a)Variable interest rate of 5.6% at June 30, 2025 and December 31, 2024.
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