Corporate Borrowings (Tables)

6 Months Ended

Jun. 30, 2026

The following table presents the Company’s outstanding indebtedness:


Description(a)	June 30, 2026		December 31, 2025
Credit Agreement - Revolver, 4.99% (variable rate) due 2030	$	162,000	$	42,000
Convertible Senior Notes, 1.88% (fixed rate) due 2041	201,250		201,250

Note Purchase Agreement
Series A Senior Secured Notes, 3.53% (fixed rate) due 2027	4,000		5,600
Senior Secured Notes, 3.80% (fixed rate) due 2029	9,600		11,200

Total indebtedness outstanding	376,850		260,050
Less unamortized loan fees(b)	(7,254)		(7,732)
Total indebtedness outstanding, net	369,596		252,318
Less current maturities of long-term debt	(6,400)		(6,400)
Long-term debt	$	363,196	$	245,918

(a) Interest rates are as of June 30, 2026.

(b) Loan fees are being amortized over the life of the debt agreements.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details