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v3.25.1

Debt (Tables) | 3 Months Ended
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Mar. 31, 2025
Debt Disclosure [Abstract] |
Schedule of Debt | The components of our borrowings were as follows:
In thousands | March 31, 2025 |  | December 31, 2024
Credit facility |  |  |
Multicurrency revolving line of credit | $ | — |  |  | $ | — |
2021 Convertible notes | 460,000 |  |  | 460,000 |
2024 Convertible notes | 805,000 |  |  | 805,000 |
Total debt | $ | 1,265,000 |  |  | $ | 1,265,000 |
Current portion of debt, gross | $ | 460,000 |  |  | $ | — |
Less: unamortized prepaid debt fees - current portion of debt | 2,253 |  |  | — |
Current portion of debt, net | $ | 457,747 |  |  | $ | — |
Long-term debt, gross | $ | 805,000 |  |  | $ | 1,265,000 |
Less: unamortized prepaid debt fees - long-term debt | 18,863 |  |  | 22,576 |
Long-term debt, net | $ | 786,137 |  |  | $ | 1,242,424 |
Schedule Of Borrowings Under Credit Agreement At Various Indebtedness To Adjusted Ebitda Levels | In addition, the amendment revises the interest cost, as follows:
Total Net Leverage Ratio |  | Interest Cost |  | Commitment Fee
Greater than 4.00 |  | SOFR + 250 bps |  | 40 bps
3.51 to 4.00 |  | SOFR + 225 bps |  | 35 bps
2.51 to 3.50 |  | SOFR + 200 bps |  | 30 bps
Less than or equal to 2.50 |  | SOFR + 175 bps |  | 25 bps
Schedule of Maturities of Long-term Debt | The amount of required minimum principal payments on our long-term debt in aggregate over the next five years is as follows:
Year Ending December 31, | Minimum Payments
In thousands |
2025 (amount remaining at March 31, 2025) | $ | — |
2026 | 460,000 |
2027 | — |
2028 | — |
2029 | — |
Thereafter | 805,000 |
Total minimum payments on debt | $ | 1,265,000 |

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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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- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-1 + Details
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