2022

2021

Senior notes due 2029

Senior notes due 2024 and term loan

Revolving credit facility

Balance beginning of year

$

489,763

$

—

$

351,132

$

150,000

Financing cash flows related to debt:

Redemption of senior secured notes due 2024

—

(233,953)

—

Repayment of term loan

—

(133,333)

—

Repayment of revolving credit facility

—

(150,000)

Proceeds from senior notes due 2029

—

500,000

—

Debt transaction costs

—

(7,009)

—

Total financing cash flows related to debt

$

—

$

492,991

$

(367,286)

$

(150,000)

$

489,763

$

492,991

$

(16,154)

$

—

Non-cash changes recorded in debt:

Amortization of discount and transaction costs of senior secured notes due 2024 due to early redemption

$

—

$

—

$

7,969

$

—

Amortization of financing fees and discount relating to senior secured notes due 2024 and term loan

—

2,201

—

Change in fair value of redemption option derivative asset relating to senior secured notes due 2024

—

5,984

—

Amortization of financing fees and prepayment option relating to senior notes due 2029

222

71

—

Change in fair value of redemption option derivative asset relating to senior notes due 2029

4,429

(3,299)

—

Balance end of year

$

494,414

$

489,763

$

—

$

—