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Debt (Tables) | 12 Months Ended
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Dec. 31, 2024
Debt Disclosure [Abstract] |
Schedule of Components of Debt | Debt consisted of the following:
| December 31,
| 2024 |  | 2023
| (in thousands)
$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 $3.0 million and $3.6 million at December 31, 2024 and December 31, 2023, respectively | $ | 397,042 |  |  | $ | 396,440 |
$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 $3.7 million and $4.3 million at December 31, 2024 and December 31, 2023, respectively | 446,300 |  |  | 445,690 |
$600 million senior unsecured notes due 2034 ("2024 Senior Notes") with an effective interest rate of 6.11%, less a discount and deferred issuance costs of $11.2 million at December 31, 2024 | 588,764 |  |  | — |
$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 |
$1 billion senior unsecured revolving credit facility with an effective interest rate of 6.10%, less deferred issuance costs of $3.6 million and $1.9 million at December 31, 2024 and December 31, 2023, respectively | 336,420 |  |  | 226,621 |
Total debt | $ | 1,768,526 |  |  | $ | 1,568,019 |
Less: current portion | — |  |  | 499,268 |
Total long-term debt | $ | 1,768,526 |  |  | $ | 1,068,751 |
Schedule of Maturities of Long-term Debt | As of December 31, 2024, 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 |  | Total
2025 | $ | — |  |  |  |  | $ | — |  |  | $ | — |
2026 | — |  |  |  |  | — |  |  | — |
2027 | — |  |  |  |  | — |  |  | — |
2028 | — |  |  |  |  | — |  |  | — |
2029 | 397,042 |  |  |  |  | 336,420 |  |  | 733,462 |
Thereafter | 1,035,064 |  |  |  |  | — |  |  | 1,035,064 |
Total payments | $ | 1,432,106 |  |  |  |  | $ | 336,420 |  |  | $ | 1,768,526 |

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