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Debt
 3 Months Ended
Mar. 31, 2024
Debt Disclosure [Abstract]  
Debt Debt
The following table summarizes the Company's debt for each of the periods indicated:
(in thousands)March 31, 2024December 31, 2023
Senior Secured Term Loan due 2029:
Principal$400,000 $400,000 
Less: debt discount (1)
(9,230)(9,652)
Less: deferred financing (1)
(2,379)(2,490)
Net carrying value of Long-term debt$388,391 $387,858 
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(1) Included in the Company's Consolidated Balance Sheets within long-term debt and amortized to interest expense over the remaining life of the Senior Secured Term Loan due 2029 using the effective interest rate method.
Interest Expense
The following table sets forth interest expense recognized related to the Company's debt for the three months ended March 31, 2024 and 2023, respectively:
Three Months Ended March 31,
(in thousands)20242023
Contractual interest expense$11,974 $11,230 
Amortization of debt discount$422 $381 
Amortization of deferred financing$109 $286