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Borrowings (Tables) | 3 Months Ended
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Mar. 31, 2025
Debt Disclosure [Abstract] |
Summary of Borrowings under Credit Agreement | The following table summarizes the total borrowings under the credit agreements and convertible senior notes:
($ in thousands) |  | March 31, 2025 |  |  | December 31, 2024 |
Non-current indebtedness: |  |  |  |  |  |
Convertible senior notes: |  |  |  |  |  |
2026 Notes |  | $ | 220,000 |  |  | $ | 220,000 |
2029 Notes |  |  | 287,500 |  |  |  | 287,500 |
Total borrowings |  |  | 507,500 |  |  |  | 507,500 |
Less: Long-term loan debt issuance cost (1) |  |  | 9,912 |  |  |  | 10,722 |
Total non-current borrowings |  | $ | 497,588 |  |  | $ | 496,778 |
(1) The Company inc urred $0.8 million and $0.7 million of in terest expense for the amortization of deferred debt issuance costs for the three months ended March 31, 2025 and 2024, respectively.
Summary of Principal Maturities of Long-term Debt | The following is a summary of principal maturities of long‑term debt for each of the next five years ending December 31 and in the aggregate:
($ in thousands) |  |  |
2025 |  | $ | — |
2026 |  |  | 220,000 |
2027 |  |  | — |
2028 |  |  | — |
2029 |  |  | 287,500 |
|  | $ | 507,500 |

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