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Debt (Tables) | 12 Months Ended
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Dec. 31, 2024
Debt Disclosure [Abstract] |
Long-Term Debt | As of December 31, 2024 and 2023, our long-term debt was as follows (in thousands):
|  | December 31, 2024 |  |  | December 31, 2023 |
2023 Convertible Notes: |  |  |  |  |  |
2023 Convertible Notes – senior unsecured convertible notes, due September 2028, cash interest at 3.875% |  | $ | 425,000 |  |  | $ | 425,000 |
Less – deferred financing costs |  |  | (10,618 | ) |  |  | (13,216 | )
2023 Convertible Notes, net of unamortized discounts |  |  | 414,382 |  |  |  | 411,784 |
2021 Credit Agreement: |  |  |  |  |  |
2021 Term Loan, due September 2026, interest at adjusted SOFR plus applicable margin (combined rate of 5.804% at December 31, 2024) |  |  | 125,625 |  |  |  | 133,125 |
Less – deferred financing costs |  |  | (1,510 | ) |  |  | (2,412 | )
2021 Term Loan, net of unamortized discounts |  |  | 124,115 |  |  |  | 130,713 |
$450 million revolving loan facility, due September 2026, interest at adjusted SOFR plus applicable margin |  |  | - |  |  |  | - |
Total debt, net of unamortized discounts |  |  | 538,497 |  |  |  | 542,497 |
Current portion of long-term debt |  |  | (7,500 | ) |  |  | (7,500 | )
Long-term debt, net of unamortized discounts |  | $ | 530,997 |  |  | $ | 534,997 |
Estimated Maturities on Long-Term Debt | As of December 31, 2024, 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):
|  | 2025 |  |  | 2026 |  |  | 2027 |  |  | 2028 |  |  | Total |
2023 Convertible Notes |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 425,000 |  |  | $ | 425,000 |
2021 Term Loan |  |  | 7,500 |  |  |  | 118,125 |  |  |  | - |  |  |  | - |  |  |  | 125,625 |
Total long-term debt repayments |  | $ | 7,500 |  |  | $ | 118,125 |  |  | $ | - |  |  | $ | 425,000 |  |  | $ | 550,625 |

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