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DEBT (Tables)
 12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Debt and Interest Expense Recognized
The following table summarizes our total outstanding borrowings:
RateMaturity DateDecember 31, 2024December 31, 2023
2024 Credit Agreement
Revolving credit facility
S + 1.125%
September 2029$— $— 
2021 Credit Agreement
Revolving credit facility
S + 1.125%
April 2026— — 
Term Loan A-1
S + 1.125%
April 2026— 50,000 
Convertible Senior Notes due 20260.25%March 2026600,000 600,000 
Total borrowings600,000 650,000 
Less: unamortized debt discount and debt issuance costs(2,066)(3,993)
Total borrowings, net597,934 646,007 
Less: current portion of debt— (49,801)
Carrying value$597,934 $596,206 
The following sets forth the interest expense recognized related to the borrowings and commitment fees for unused portions under the 2024 Credit Agreement, the 2021 Credit Agreement and Convertible Senior Notes and is included in interest expense in the accompanying consolidated statements of income:
Years Ended December 31,
202420232022
Contractual interest expense - 2024 Revolving Credit Facility$(253)$— $— 
Contractual interest expense - 2021 Revolving Credit Facility(671)(1,539)(1,267)
Contractual interest expense - Term Loans(761)(16,016)(18,583)
Contractual interest expense - Convertible Senior Notes(1,500)(1,500)(1,500)
Amortization of debt discount and debt issuance costs (2,746)(4,574)(7,029)
Total $(5,931)$(23,629)$(28,379)