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Long‑Term Debt (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Long‑term debt consists of the following:

			December 31,
			2021						2020
Bank credit facility:
Revolving loan facility			$	—					$	246,000
Term loan:
Principal			200,000						—
Unamortized debt issuance costs			(534)						—
Term loan net carrying value			199,466						—
Bank credit facility net carrying value			199,466						246,000
2026 Notes:
Principal			690,000						—
Unamortized debt issuance costs			(14,677)						—
2026 Notes net carrying value			675,323						—
2027 Notes:
Principal			575,000						—
Unamortized debt issuance costs			(13,797)						—
2027 Notes net carrying value			561,203						—
Total net carrying value			1,435,992						246,000
Less: Current portion of long-term debt			(5,000)						—
Total long-term debt			$	1,430,992					$	246,000

Schedule of Interest Expense

Interest expense consists of the following:

			Year Ended December 31,
			2021						2020						2019
Bank credit facility (1):
Revolving loan facility			$	3,448					$	5,680					$	8,971
Term loans			117						502						—
Interest rate swap			1,270						696						—
Amortization and write-off of deferred debt issuance costs			1,309						985						553
			6,144						7,863						9,524
2026 Notes:
0.125% Coupon interest			803						—						—
Amortization of deferred debt issuance costs			3,378						—						—
			4,181						—						—
2027 Notes:
0.375% Coupon interest			1,096						—						—
Amortization of deferred debt issuance costs			1,268						—						—
			2,364						—						—
Other obligations			108						50						207
Total interest expense			$	12,797					$	7,913					$	9,731

(1)The weighted average interest rate was 2.03%, 1.92%, and 3.47% for the years ended December 31, 2021, 2020, and 2019, respectively.

Interest expense, net is comprised of the following:

			Year Ended December 31,
			2021						2020						2019
Interest expense (see Note 10)			$	(12,797)					$	(7,913)					$	(9,731)
Interest income			306						437						1,532
Interest expense, net			$	(12,491)					$	(7,476)					$	(8,199)

Schedule of Maturities of Long-term Debt

Scheduled maturities of long‑term debt are as follows:

						December 31, 2021
			2022			$	5,000
			2023			5,000
			2024			10,000
			2025			180,000
			2026			690,000
			Thereafter			575,000
			Total scheduled maturities of long-term debt			$	1,465,000

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