Debt (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Long-Term Debt

As of December 31, 2024 and 2023, our long-term debt was as follows (in thousands):

	December 31, 2024			December 31, 2023
2023 Convertible Notes:
2023 Convertible Notes – senior unsecured convertible notes, due     September 2028, cash interest at 3.875%	$	425,000		$	425,000
Less – deferred financing costs		(10,618	)		(13,216	)
2023 Convertible Notes, net of unamortized discounts		414,382			411,784
2021 Credit Agreement:
2021 Term Loan, due September 2026, interest at adjusted SOFR plus     applicable margin (combined rate of 5.804% at December 31, 2024)		125,625			133,125
Less – deferred financing costs		(1,510	)		(2,412	)
2021 Term Loan, net of unamortized discounts		124,115			130,713
$450 million revolving loan facility, due September 2026, interest at adjusted     SOFR plus applicable margin		-			-
Total debt, net of unamortized discounts		538,497			542,497
Current portion of long-term debt		(7,500	)		(7,500	)
Long-term debt, net of unamortized discounts	$	530,997		$	534,997

Estimated Maturities on Long-Term Debt

As of December 31, 2024, the maturities of our long-term debt, based upon: (i) the maturity date of the 2023 Convertible Notes; and (ii) the mandatory repayment schedule for the 2021 Term Loan, were as follows (in thousands):

	2025		2026		2027		2028		Total
2023 Convertible Notes	$	-	$	-	$	-	$	425,000	$	425,000
2021 Term Loan		7,500		118,125		-		-		125,625
Total long-term debt repayments	$	7,500	$	118,125	$	-	$	425,000	$	550,625