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Debt (Tables)

9 Months Ended

Sep. 30, 2025

Debt Disclosure [Abstract]

Schedule of Debt

The following table summarizes the balances and availability of our 2026 Notes, 2025 Term Loan, and 2024 Revolving Credit Facility:

			Outstanding (1)												Unutilized Amount												Interest Rate																		Maturity Date
			September 30, 2025						December 31, 2024						September 30, 2025						December 31, 2024						September 30, 2025									December 31, 2024
			(in thousands)
2026 Notes			$	371,413					$	369,514					N/A						N/A						0.125%									0.125%									Sept. 1, 2026
2025 Term Loan			397,841						N/A						N/A						N/A						6.295%									N/A									May 3, 2029
2024 Revolving Credit Facility			1,152						1,143						$	173,848					$	173,857					1.50%			(2)						1.50%			(2)						May 3, 2029

(1) Represents the net carrying amount of our 2026 Notes and 2025 Term Loan and outstanding letters of credit under the 2024 Revolving Credit Facility.

(2) Represents the rate on the outstanding letters of credit under the 2024 Revolving Credit Facility.

The table below summarizes the carrying value of the 2025 Term Loan:

			September 30, 2025
			(in thousands)
Principal amount			$	400,000
Less: unamortized debt issuance costs			(2,159)
2025 Term Loan, net			$	397,841

Schedule of Interest Expense Related to 2026 Notes

The following table sets forth the interest expense related to the 2026 Notes for the periods presented:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2025						2024						2025						2024
			(in thousands)
Contractual interest expense			$	116					$	116					$	350					$	350
Amortization of issuance costs			634						629						1,899						1,884

Schedule of Maturities of Term Loan

Maturities of the 2025 Term Loan as of September 30, 2025 were as follows:

Years ending December 31:
2025			$	5,000
2026			20,000
2027			22,500
2028			32,500
2029			320,000
			$	400,000

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