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Debt (Tables) | 9 Months Ended
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Sep. 30, 2024
Debt Disclosure [Abstract] |
Schedule of Liability Components of Long-Term Debt | The following table summarizes the Company's debt for each of the periods indicated:
(in thousands) |  | September 30, 2024 |  | December 31, 2023
Senior Secured Term Loan due 2029: |  |  |  |
Principal |  | $ | 400,000 |  |  | $ | 400,000 |
Less: debt discount (1) |  | (8,339) |  |  | (9,652) |
Less: deferred financing (1) |  | (2,167) |  |  | (2,490) |
Net carrying value of long-term debt |  | $ | 389,494 |  |  | $ | 387,858 |
______________________________ (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.
Schedule of Components of Total Interest Expense | The following table sets forth interest expense recognized related to the Company's debt for the three and nine months ended September 30, 2024 and 2023, respectively:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30, |  |
(in thousands) |  | 2024 |  | 2023 |  | 2024 |  | 2023 |  |  |  |
Contractual interest expense |  | $ | 12,106 |  |  | $ | 12,270 |  |  | $ | 36,021 |  |  | $ | 35,289 |  |  |  |  |
Amortization of debt discount |  | $ | 455 |  |  | $ | 411 |  |  | $ | 1,313 |  |  | $ | 1,187 |  |  |  |  |
Amortization of deferred financing |  | $ | 119 |  |  | $ | 310 |  |  | $ | 352 |  |  | $ | 893 |  |  |  |  |

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