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Debt (Tables)
 3 Months Ended
Mar. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Components of Debt
Debt consisted of the following:
March 31, 2024December 31, 2023
(in thousands)
$500 million unsecured term loan due 2024 ("2023 Term Loan") with an effective interest rate of 6.79%, less a discount and deferred issuance costs of $0.5 million and $0.7 million at March 31, 2024 and December 31, 2023, respectively (1)
$499,471 $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 $4.2 million and $4.3 million at March 31, 2024 and December 31, 2023, respectively
445,842 445,690 
$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 $3.4 million and $3.6 million at March 31, 2024 and December 31, 2023, respectively
396,590 396,440 
$850 million senior unsecured revolving credit facility with an effective interest rate of 6.48%, less deferred issuance costs of $1.7 million and $1.9 million at March 31, 2024 and December 31, 2023, respectively
353,298 226,621 
Total debt
$1,695,201 $1,568,019 
Less: current portion (1)
499,471 499,268 
Long-term debt$1,195,730 $1,068,751 
(1) The 2023 Term Loan has a maturity date of December 16, 2024. The maturity date may be extended for a one-year term at the Company's option, subject to the consent of the lenders and certain customary conditions.