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Long-term Debt (Tables) | 12 Months Ended
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Dec. 31, 2021
Debt Disclosure [Abstract] |
Schedule of Debt | The Company's long-term debt consists of the following (dollars in thousands):
|  | December 31, 2021 |  | December 31, 2020
4.125% Senior Notes due April 2029 |  | $ | 400,000 |  |  | $ | — |
4.875% Senior Notes due October 2025 |  | — |  |  | 300,000 |
Credit Agreement |  | — |  |  | 50,450 |
Debt issuance costs |  | (6,180) |  |  | (4,160) |
Long-term debt, net |  | $ | 393,820 |  |  | $ | 346,290 |
The carrying amounts and fair values were as follows (dollars in thousands):
|  | December 31, 2021 |  | December 31, 2020
|  | Carrying Amount |  | Fair Value |  | Carrying Amount |  | Fair Value
4.125% Senior Notes due April 2029 |  | $ | 400,000 |  |  | $ | 399,000 |  |  | $ | — |  |  | $ | — |
4.875% Senior Notes due October 2025 |  | — |  |  | — |  |  | 300,000 |  |  | 305,630 |
Revolving credit facility |  | — |  |  | — |  |  | 50,450 |  |  | 50,450 |
Debt Instrument Redemption | On or after April 15, 2024, the Company may redeem all or part of the 2029 Senior Notes at the redemption prices (expressed as percentages of principal amount) set forth below, plus accrued and unpaid interest, if any, to the redemption date, if redeemed during the twelve-month period beginning on April 15 of the years indicated below:
Year |  | Percentage
2024 |  | 102.063 | %
2025 |  | 101.031 | %
2026 and thereafter |  | 100.000 | %
Schedule of Long-term Debt Instruments | Below is a summary of key terms under the Credit Agreement as of December 31, 2021, compared to the key terms prior to the amendment (showing gross availability):
Instrument |  | Amount ($ in millions) |  | Maturity Date |  | Interest Rate
Credit Agreement (as amended) |  |  |  |  |  |
Senior secured revolving credit facility |  | $300.0 |  | 3/29/2026 |  | LIBOR(a) plus 1.500%(b)
Credit Agreement (prior to amending) |  |  |  |  |  |
Senior secured revolving credit facility |  | $300.0 |  | 9/20/2022 |  | LIBOR(a) plus 1.500%(b)
__________________________ (a) London Interbank Offered Rate ("LIBOR") (b) The interest rate spread is based upon the leverage ratio, as defined, as of the most recent determination date.
Schedule of Maturities of Long-term Debt | Future maturities of the face value of long-term debt at December 31, 2021 are as follows (dollars in thousands):
Year Ending December 31: |  | Future Maturities
2022 |  | $ | — |
2023 |  | — |
2024 |  | — |
2025 |  | — |
2026 |  | — |
Thereafter |  | 400,000 |
Total |  | $ | 400,000 |

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