v3.26.1
FAIR VALUE OF FINANCIAL INSTRUMENTS
3 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
FAIR VALUE OF FINANCIAL INSTRUMENTS

(P) FAIR VALUE OF FINANCIAL INSTRUMENTS

The fair value of our long-term debt has been estimated based on our current incremental borrowing rates for similar types of borrowing arrangements. The fair value of our 2.500% and 5.000% Senior Unsecured Notes at June 30, 2026, was as follows.

 

 

Fair Value

 

 

 

 

 

 

 

 

(dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

2.500% Senior Unsecured Notes Due 2031

 

$

 

671,000

 

 

 

 

 

 

 

 

 

 

 

5.000% Senior Unsecured Notes Due 2036

 

$

 

728,000

 

 

 

 

 

 

 

 

 

 

 

The estimated fair value of our long-term debt was based on quoted prices of similar debt instruments with similar terms that are publicly traded (estimated based on Level 1 input of the fair value hierarchy). The carrying values of Cash and Cash Equivalents, Accounts Receivable, Accounts Payable, and Accrued Liabilities approximate their fair values at June 30, 2026, because these assets and liabilities have short-term maturities. The fair value of our Term Loan also approximates the carrying value at June 30, 2026.