XML 42 R31.htm IDEA: XBRL DOCUMENT v3.25.3
Debt (Tables)
 9 Months Ended
Sep. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Debt
The components of our borrowings were as follows:
In thousandsSeptember 30, 2025December 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
1,072 — 
Current portion of debt, net
$458,928 $— 
Long-term debt, gross
$805,000 $1,265,000 
Less: unamortized prepaid debt fees - long-term debt
17,094 22,576 
Long-term debt, net $787,906 $1,242,424 
Schedule Of Borrowings Under Credit Agreement At Various Indebtedness To Adjusted Ebitda Levels The spreads applicable to SOFR and the annual committee fee rates are, as follows:
Total Net Leverage Ratio
Interest Rate
Commitment Fee
Greater than 3.50
SOFR + 175.0 bps
30.0 bps
2.51 to 3.50
SOFR + 150.0 bps
25.0 bps
1.51 to 2.50
SOFR + 137.5 bps
20.0 bps
Less than or equal to 1.50
SOFR + 125.0 bps
17.5 bps
In addition, the amendment revises the interest cost, as follows:
Total Net Leverage Ratio
Interest Rate
Commitment Fee
Greater than 4.00
SOFR + 250 bps
40 bps
3.51 to 4.00
SOFR + 225 bps
35 bps
2.51 to 3.50
SOFR + 200 bps
30 bps
Less than or equal to 2.50
SOFR + 175 bps
25 bps
Schedule of Maturities of Long-term Debt
The amount of required minimum principal payments on our debt in aggregate over the next five years is as follows:
Year Ending December 31,Minimum Payments
In thousands
2025 (amount remaining at September 30, 2025)$— 
2026460,000 
2027— 
2028— 
2029— 
Thereafter805,000 
Total minimum payments on debt$1,265,000