Long‑Term Debt (Tables)

3 Months Ended

Mar. 31, 2022

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Long‑term debt consists of the following:

	March 31, 2022		December 31, 2021
Bank credit facility:
Revolving loan facility	$	440,216	$	—
Term loan:
Principal	198,750		200,000
Unamortized debt issuance costs	(500)		(534)
Term loan net carrying value	198,250		199,466
Bank credit facility net carrying value	638,466		199,466
2026 Notes:
Principal	690,000		690,000
Unamortized debt issuance costs	(13,769)		(14,677)
2026 Notes net carrying value	676,231		675,323
2027 Notes:
Principal	575,000		575,000
Unamortized debt issuance costs	(13,170)		(13,797)
2027 Notes net carrying value	561,830		561,203
Total net carrying value	1,876,527		1,435,992
Less: Current portion of long-term debt	(5,000)		(5,000)
Total long-term debt	$	1,871,527	$	1,430,992

Schedule of Interest Expense

Interest expense consists of the following:

	Three Months Ended
	March 31,
	2022		2021
Bank credit facility (1):
Revolving loan facility	$	2,225	$	729
Term loan	1,067		—
Interest rate swap	294		301
Amortization and write-off of deferred debt issuance costs	243		575
	3,829		1,605
2026 Notes:
0.125% Coupon interest	216		154
Amortization of deferred debt issuance costs	908		654
	1,124		808
2027 Notes:
0.375% Coupon interest	539		—
Amortization of deferred debt issuance costs	627		—
	1,166		—
Other obligations	1,005		(12)
Total interest expense	$	7,124	$	2,401

(1)The weighted average interest rate was 2.32% and 1.90% for the three months ended March 31, 2022 and 2021, respectively.

Interest expense, net is comprised of the following:

	Three Months Ended
	March 31,
	2022		2021
Interest expense (see Note 10)	$	(7,124)	$	(2,401)
Interest income	82		82
Interest expense, net	$	(7,042)	$	(2,319)