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Long-Term Debt (Tables)
 12 Months Ended
Dec. 31, 2024
Long-Term Debt [Abstract]  
Debt Facilities
The following table summarizes the Company’s debt facilities as of December 31, 2024 and 2023:

Facility or Arrangement
  
Original
Principal
Amount
  
Balance as of
December 31,
2024 (1)(2)
  
Balance as of
December 31,
2023 (1)(2)
  
Interest
Rate
  
Repayment
Terms
Credit Agreement term loan facility
  
$400.0 million
  
$360.0 million
 
  
$385.0 million
 
Variable 30 day: 6.71%
  
21% of the principal amount is payable in increasing quarterly installments over a five-year period that began on September 30, 2022, with the remainder payable at the end of the five-year term.
                     
Credit Agreement revolving credit facility
      
$35.0 million
  
$120.0 million
  
Variable 30 day: 6.71%
  
Revolving line of credit expires June 14, 2027.

(1)
As of December 31, 2024 and 2023, the current portion of the Company’s debt (i.e. becoming due in the next 12 months) included $20.0 million and $25.0 million, respectively, of the balance of its term loan under the Credit Agreement and $10.0 and $0, respectively, of the balance under the revolving line of credit.

(2)
The carrying value of the debt reflects the amounts stated in the above table, less debt issuance costs of $1.4 million and $2.0 million as of December 31, 2024 and 2023, respectively, related to the Credit Agreement, which are not reflected in this table.
Maturities of Long-Term Debt
Maturities of all long-term debt at December 31, 2024, are as follows (U.S. dollars in thousands):

Year Ending December 31,
      
2025
  
$
30,000
  
2026
    
20,000
  
2027
    
345,000
  
2028
    
—
  
2029
    
—
  
Thereafter
    
—
  
Total (1)
  
$
395,000
  

(1)
The carrying value of the debt in the above table excludes debt issuance costs of $1.4 million.