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Long‑Term Debt
 3 Months Ended
Mar. 31, 2024
Debt Disclosure [Abstract]  
Long-Term Debt Long-Term Debt
Long‑term debt consists of the following:
March 31, 2024December 31, 2023
Credit facility:
Revolving loan facility due November 2025$— $92,028 
Term loan due November 2025187,500 190,000 
Convertible senior notes due January 2026 (the “2026 Notes”)687,830 687,830 
Convertible senior notes due July 2027 (the “2027 Notes”)575,000 575,000 
Unamortized debt issuance costs(14,885)(16,455)
Total debt1,435,445 1,528,403 
Less: Current portion of long-term debt(10,000)(10,000)
Long-term debt$1,425,445 $1,518,403 
The Company had $150 of letters of credit and surety bonds outstanding as of March 31, 2024 and December 31, 2023 under its amended and restated credit agreement, entered into on December 19, 2017 (the “Credit Facility”). As of March 31, 2024 and December 31, 2023, the Company had $849,850 and $757,822, respectively, available under the Credit Facility.
As of March 31, 2024 and December 31, 2023, the Company was in compliance with all debt covenants and none of the conditions of the 2026 Notes or 2027 Notes to early convert had been met.
Interest Expense, Net
Interest expense, net consists of the following:
Three Months Ended
March 31,
20242023
Contractual interest expense$(5,414)$(9,310)
Amortization of deferred debt issuance costs(1,823)(1,823)
Other interest expense
(66)(188)
Interest income783 229 
Interest expense, net$(6,520)$(11,092)
The weighted average interest rate on borrowings under the Credit Facility were 7.46% and 6.67% for the three months ended March 31, 2024 and 2023, respectively.