| 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, 2026 |
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December 31, 2025 |
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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 March 26, 2031 (a) |
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$ |
235,000 |
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$ |
235,000 |
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$ |
45,000 |
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$ |
45,000 |
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Term Loan due July 29, 2027 (b) |
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— |
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— |
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70,000 |
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|
70,000 |
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4.2% senior notes due March 1, 2028 |
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|
500,000 |
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|
502,011 |
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|
500,000 |
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|
506,089 |
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3.46% senior notes due January 19, 2033 |
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|
60,000 |
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|
54,387 |
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60,000 |
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|
|
55,093 |
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3.51% senior notes due January 19, 2033 |
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|
240,000 |
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|
218,255 |
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240,000 |
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|
221,128 |
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Credit line due June 30, 2028 |
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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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5,950 |
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5,950 |
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7,357 |
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7,357 |
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1,040,950 |
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1,015,603 |
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922,357 |
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904,667 |
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Unamortized debt discounts and issuance costs |
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(3,602 |
) |
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— |
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(3,076 |
) |
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— |
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$ |
1,037,348 |
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$ |
1,015,603 |
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$ |
919,281 |
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$ |
904,667 |
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(a)Variable interest rate of 4.6% at June 30, 2026 and 5.0% at December 31, 2025. (b)Variable interest rate of 5.0% at December 31, 2025.
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