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Debt (Tables) | 12 Months Ended
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Dec. 31, 2023
Debt Disclosure [Abstract] |
Schedule of Components of Debt | Debt consisted of the following:
| December 31,
| 2023 |  | 2022
| (in thousands)
$500 million unsecured term loan due 2024 ("2023 Term Loan") with an effective interest rate of 6.83%, less a discount and deferred issuance costs of $0.7 million at December 31, 2023 | $ | 499,268 |  |  | $ | — |
$450 million senior unsecured notes due 2031 ("2020 Senior Notes") with an effective interest rate of 3.86%, less a discount and deferred issuance costs of $4.3 million and $4.9 million at December 31, 2023 and December 31, 2022, respectively | 445,690 |  |  | 445,080 |
$400 million senior unsecured notes due 2029 ("2019 Senior Notes") with an effective interest rate of 3.88%, less a discount and deferred issuance costs of $3.6 million and $4.2 million at December 31, 2023 and December 31, 2022, respectively | 396,440 |  |  | 395,838 |
$850 million senior unsecured revolving credit facility with an effective interest rate of 6.54%, less deferred issuance costs of $1.9 million and $1.8 million at December 31, 2023 and December 31, 2022, respectively | 226,621 |  |  | 358,189 |
Economic development loans with an effective interest rate of 3% at December 31, 2022 | — |  |  | 4,416 |
Total debt | $ | 1,568,019 |  |  | $ | 1,203,523 |
Less: current portion | 499,268 |  |  | 2,976 |
Total long-term debt | $ | 1,068,751 |  |  | $ | 1,200,547 |
Schedule of Maturities of Long-term Debt | As of December 31, 2023, the scheduled principal maturities of debt, net of unamortized discounts, premiums, and deferred issuance costs, were as follows:
(in thousands) | Senior Notes |  |  |  | Revolving Credit Facility |  | Term Loan |  | Total
2024 | $ | — |  |  |  |  | $ | — |  |  | $ | 499,268 |  |  | $ | 499,268 |
2025 | — |  |  |  |  | — |  |  | — |  |  | — |
2026 | — |  |  |  |  | 226,621 |  |  | — |  |  | 226,621 |
2027 | — |  |  |  |  | — |  |  | — |  |  | — |
2028 | — |  |  |  |  | — |  |  | — |  |  | — |
Thereafter | 842,130 |  |  |  |  | — |  |  | — |  |  | 842,130 |
Total payments | $ | 842,130 |  |  |  |  | $ | 226,621 |  |  | $ | 499,268 |  |  | $ | 1,568,019 |

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