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Long-Term Debt (Tables)
 12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Debt Instrument Borrowing Base Utilization
Interest and commitment fees associated with the revolving credit facility are accrued based on a total revolving commitments utilization grid set forth in the Credit Agreement, and as presented in the table below. At the Company’s election, borrowings under the Credit Agreement may be in the form of SOFR revolving loans, Alternate Base Rate (“ABR”) revolving loans, or Swingline loans. SOFR revolving loans accrue interest at SOFR plus the applicable margin from the utilization grid, and ABR revolving loans and Swingline loans accrue interest at a market-based floating rate, plus the applicable margin from the utilization grid. Commitment fees are accrued on the unused portion of the aggregate revolving lender commitment amount at rates from the utilization grid.
Total Revolving Commitments Utilization Percentage
<25%≥25% <50%≥50% <75%≥75% <90%≥90%
SOFR Revolving Loans
1.750 %2.000 %2.250 %2.500 %2.750 %
ABR Revolving Loans or Swingline Loans
0.750 %1.000 %1.250 %1.500 %1.750 %
Commitment Fee Rate0.375 %0.375 %0.500 %0.500 %0.500 %
Schedule of Credit Agreement Facilities
The following table presents the outstanding balance, total amount of letters of credit outstanding, and available borrowing capacity under the Credit Agreement:
As of January 31, 2025As of December 31, 2024As of December 31, 2023
(in thousands)
Revolving credit facility (1)
$40,000 $68,500 $— 
Letters of credit (2)
2,000 2,000 2,500 
Available borrowing capacity1,958,000 1,929,500 1,247,500 
Total aggregate lender revolving commitment amount
$2,000,000 $2,000,000 $1,250,000 
____________________________________________
(1)    Unamortized deferred financing costs attributable to the revolving credit facility are presented as a component of the other noncurrent assets line item on the accompanying balance sheets and totaled $18.7 million and $8.5 million as of December 31, 2024, and 2023, respectively. These costs are being amortized over the term of the Credit Agreement on a straight-line basis.
(2)    Letters of credit outstanding reduce the amount available under the revolving credit facility on a dollar-for-dollar basis.
Schedule of Long-term Debt Instruments [Table Text Block]
The Company’s Senior Notes, net line item on the accompanying balance sheets as of December 31, 2024, and 2023, consisted of the following (collectively referred to as “Senior Notes”):
As of December 31, 2024As of December 31, 2023
Principal AmountUnamortized Deferred Financing CostsPrincipal Amount, NetPrincipal AmountUnamortized Deferred Financing CostsPrincipal Amount, Net
(in thousands)
5.625% Senior Notes due 2025
$— $— $— $349,118 $896 $348,222 
6.75% Senior Notes due 2026
419,235 1,168 418,067 419,235 1,868 417,367 
6.625% Senior Notes due 2027
416,791 1,618 415,173 416,791 2,395 414,396 
6.5% Senior Notes due 2028
400,000 3,636 396,364 400,000 4,651 395,349 
6.75% Senior Notes due 2029
750,000 10,489 739,511 — — — 
7.0% Senior Notes due 2032
750,000 10,872 739,128 — — — 
Total$2,736,026 $27,783 $2,708,243 $1,585,144 $9,810 $1,575,334