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Debt (Tables) | 12 Months Ended
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Dec. 31, 2023
Debt Disclosure [Abstract] |
Summary of Actual Financial Ratios as Part of Affirmative Covenants Credit Facility | The following table reflects required and actual financial ratios as of December 31, 2023 included as part of the affirmative covenants in the 2022 Credit Facility:
Description of Required Covenant Ratio |  | Covenant Ratio Requirement |  | Actual Ratio
Fixed Charge Coverage Ratio |  | Greater than or equal to 1.50: 1.00 |  | 3.17:1:00
Total Secured Debt to EBITDA Ratio |  | Less than or equal to 3.50: 1.00 |  | 0.00:1:00
Total Debt to EBITDA Ratio |  | Less than or equal to 5.00: 1.00 |  | 3.11:1:00
Summary of Components of Interest Expense | The following details the components of interest expense in each of the years ended December 31, 2023, 2022 and 2021:
| Year ended December 31,
(in thousands) | 2023 |  | 2022 |  | 2021
Interest on credit facilities | $ | 37,269 |  |  | $ | 13,842 |  |  | $ | 2,669 |
Interest on Senior Notes | 67,500 |  |  | 67,500 |  |  | 54,441 |
Unused fee on Revolving Credit Facility | 1,998 |  |  | 1,913 |  |  | 1,598 |
Amortization of debt premium | — |  |  | — |  |  | (83) |
Other interest expense | 363 |  |  | 286 |  |  | 222 |
Interest income | (1,951) |  |  | (49) |  |  | (13) |
Interest expense, net | $ | 105,179 |  |  | $ | 83,492 |  |  | $ | 58,834 |
Schedule of Long-term Debt Instruments | The following table provides the Company’s outstanding long-term debt and effective interest rates at December 31, 2023 and December 31, 2022 (in thousands):
| December 31, 2023 |  | December 31, 2022
| Effective Interest Rate |  | Amount |  | Effective Interest Rate |  | Amount
2029 Senior Notes | 5.25% |  | $ | 1,000,000 |  |  | 5.25% |  | $ | 1,000,000 |
2032 Senior Notes | 5.00% |  | 300,000 |  |  | 5.00% |  | 300,000 |
2022 Term Loan | 7.50% |  | 385,000 |  |  | 5.20% |  | 395,000 |
2022 Revolving Credit Facility |  |  | — |  |  | 5.98% |  | 155,000 |
Unamortized premiums and debt issuance costs |  |  | (13,121) |  |  |  |  | (15,532) |
Total debt |  |  | $ | 1,671,879 |  |  |  |  | $ | 1,834,468 |
Less: Current portion, term loan facilities |  |  | (10,000) |  |  |  |  | (10,000) |
Long-term debt |  |  | $ | 1,661,879 |  |  |  |  | $ | 1,824,468 |
The following table summarizes debt issuance costs at December 31, 2023 and December 31, 2022, and the balance sheet classification in each of the periods presents (in thousands):
| December 31,
| 2023 |  | 2022
Deferred debt issuance costs | $ | 32,526 |  |  | $ | 32,526 |
Accumulated amortization | (13,779) |  |  | (9,760) |
Deferred debt issuance costs, net | $ | 18,747 |  |  | $ | 22,766 |
Balance sheet classification: |  |  |
Other noncurrent assets | $ | 5,626 |  |  | $ | 7,234 |
Long-term debt | 13,121 |  |  | 15,532 |
| $ | 18,747 |  |  | $ | 22,766 |

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