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Debt (Tables) | 6 Months Ended
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Jun. 30, 2022
Debt Disclosure [Abstract] |
Schedule of debt and related interest | The following table summarizes our total outstanding borrowings related to the 2021 Credit Agreement and Convertible Senior Notes:
| Rate |  | Maturity Date |  | June 30, 2022 |  | December 31, 2021
2021 Credit Agreement |  |  |  |  |  |  |
Revolving credit facility | L + 1.50% |  | April 2026 |  | $ | — |  |  | $ | — |
Term Loan A-1 | L + 1.50% |  | April 2026 |  | 570,000 |  |  | 585,000 |
Term Loan A-2 | L + 1.25% |  | April 2024 |  | 105,000 |  |  | 170,000 |
Convertible Senior Notes due 2026 | 0.25% |  | March 2026 |  | 600,000 |  |  | 600,000 |
Total borrowings |  |  |  |  | 1,275,000 |  |  | 1,355,000 |
Less: unamortized debt discount and debt issuance costs |  |  |  |  | (11,912) |  |  | (13,724) |
Total borrowings, net |  |  |  |  | 1,263,088 |  |  | 1,341,276 |
Less: current portion of debt |  |  |  |  | (30,000) |  |  | (30,000) |
Carrying value |  |  |  |  | $ | 1,233,088 |  |  | $ | 1,311,276 |
The weighted average interest rates for the borrowings under the 2021 Credit Agreement and Convertible Senior Notes due 2026 were 2.71% and 0.25%, as of June 30, 2022, respectively. During the six months ended June 30, 2022, the effective interest rates for our borrowings were 2.38% and 0.54% for the 2021 Credit Agreement and the Convertible Senior Notes, respectively. The following sets forth the interest expense recognized related to the borrowings under the 2021 Credit Agreement and Convertible Senior Notes and is included in interest expense in the accompanying condensed consolidated statements of income:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Contractual interest expense - Revolving Credit Facility | $ | (315) |  |  | $ | (534) |  |  | $ | (628) |  |  | $ | (534) |
Contractual interest expense - Term Loans | (4,375) |  |  | (2,660) |  |  | (7,369) |  |  | (2,660) |
Contractual interest expense - Convertible Senior Notes | (375) |  |  | (375) |  |  | (750) |  |  | (458) |
Amortization of debt discount and debt issuance costs | (1,149) |  |  | (959) |  |  | (2,271) |  |  | (1,054) |
Interest expense and amortization of debt issuance costs - terminated 2019 Credit Agreement and Senior Unsecured Bridge loan facility | — |  |  | (7,909) |  |  | — |  |  | (8,209) |
Total | $ | (6,214) |  |  | $ | (12,437) |  |  | $ | (11,018) |  |  | $ | (12,915) |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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