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Debt (Tables) | 12 Months Ended
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Dec. 31, 2023
Debt Disclosure [Abstract] |
Long-Term Debt | As of December 31, 2023 and 2022, our long-term debt was as follows (in thousands):
|  | December 31, 2023 |  |  | December 31, 2022 |
2023 Convertible Notes: |  |  |  |  |  |
2023 Convertible Notes – senior unsecured convertible notes, due September 2028, cash interest at 3.875% |  | $ | 425,000 |  |  | $ | - |
Less – deferred financing costs |  |  | (13,216 | ) |  |  | - |
2023 Convertible Notes, net of unamortized discounts |  |  | 411,784 |  |  |  | - |
2021 Credit Agreement: |  |  |  |  |  |
2021 Term Loan, due September 2026, interest at adjusted SOFR plus applicable margin (combined rate of 6.823% at December 31, 2023) |  |  | 133,125 |  |  |  | 140,625 |
Less – deferred financing costs |  |  | (2,412 | ) |  |  | (2,656 | )
2021 Term Loan, net of unamortized discounts |  |  | 130,713 |  |  |  | 137,969 |
$450 million revolving loan facility, due September 2026, interest at adjusted SOFR plus applicable margin |  |  | - |  |  |  | 275,000 |
Total debt, net of unamortized discounts |  |  | 542,497 |  |  |  | 412,969 |
Current portion of long-term debt, net of unamortized discounts |  |  | (7,500 | ) |  |  | (37,500 | )
Long-term debt, net of unamortized discounts |  | $ | 534,997 |  |  | $ | 375,469 |
Estimated Maturities on Long-Term Debt | As of December 31, 2023, the maturities of our long-term debt, based upon: (i) the maturity date of the 2023 Convertible Notes; and (ii) the mandatory repayment schedule for the 2021 Term Loan, were as follows (in thousands):
|  | 2024 |  |  | 2025 |  |  | 2026 |  |  | 2027 |  |  | 2028 |  |  | Total |
2023 Convertible Notes |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 425,000 |  |  | $ | 425,000 |
2021 Term Loan |  |  | 7,500 |  |  |  | 7,500 |  |  |  | 118,125 |  |  |  | - |  |  |  | - |  |  |  | 133,125 |
Total long-term debt repayments |  | $ | 7,500 |  |  | $ | 7,500 |  |  | $ | 118,125 |  |  | $ | - |  |  | $ | 425,000 |  |  | $ | 558,125 |

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