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Long-Term Debt (Tables) | 12 Months Ended
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Dec. 31, 2024
Long-Term Debt [Abstract] |
Long-term debt instruments | Long-term debt consists of the following:
|  | December 31, 2024 |  |  | December 31, 2023 |
Credit Facility |  | $ | 136,000 |  |  | $ | - |
Convertible senior notes, due 2025 |  |  | 41,911 |  |  |  | 95,102 |
Convertible senior notes, due 2030 |  |  | 750,000 |  |  |  | 750,000 |
Deferred financing costs |  |  | (22,892 | ) |  |  | (26,914 | )
|  |  | 905,019 |  |  |  | 818,188 |
Less current portion |  |  | - |  |  |  | - |
|  | $ | 905,019 |  |  | $ | 818,188 |
Key terms of the convertible debt instruments | The following table summarizes some key facts and terms regarding the outstanding convertible senior notes as of December 31, 2024:
|  | Due 2025 |  |  | Due 2030 |
Issuance date |  | June 12, 2018 |  |  | September 12, 2023 |
Maturity date |  | June 15, 2025 |  |  | September 15, 2030 |
Principal amount |  | $ | 41,911 |  |  | $ | 750,000 |
Cash coupon rate (per annum) |  |  | 2.25 | % |  |  | 2.25% |
Conversion rate effective December 3, 2024 (per $1 principal amount) |  |  | 32.2205 |  |  |  | 33.1609 |
Effective conversion price effective December 3, 2024 (per share) |  | $ | 31.04 |  |  | $ | 30.16 |
130% of the conversion price (per share) |  | $ | 40.35 |  |  | $ | 39.21 |

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