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Debt (Tables)

12 Months Ended

Dec. 31, 2021

Long-term debt at December 31, 2021 and 2020 consists of the following:


(In thousands)	2021		2020
Senior unsecured notes due 2029	$	400,000	$	—
Senior unsecured notes due 2028	400,000		400,000
Senior secured term loan facility due 2025	145,000		145,000
Senior unsecured notes due 2026	—		550,000
	945,000		1,095,000
Unamortized discount and debt issuance costs	7,973		9,217
Total long-term debt	937,027		1,085,783
Less current maturities of long-term debt	—		—
Long-term debt less current maturities	$	937,027	$	1,085,783

Schedule of Maturities of Long-term Debt

Annual maturities of long-term debt, excluding unamortized discount and issuance costs, due as of December 31, 2021 are as follows:


(In thousands)	2022		2023	2024	2025	2026	Thereafter	Total
Contractual debt obligation maturities*	$	—	—	—	145,000	—	800,000	$	945,000

Debt Instrument Redemption of 2029 Notes

On or after May 1, 2024, the Company may, on any one or more occasions, redeem all or a part of the 2029 Notes, at its option, at the redemption prices (expressed as percentages of principal amount) set forth below, plus accrued and unpaid interest, if any, on the 2029 Notes redeemed, to, but not including, the applicable date of redemption, if redeemed during the 12-month period beginning on May 1 of the years indicated below:


Year	Percentage
2024	102.719	%
2025	101.813	%
2026	100.906	%
2027 and thereafter	100.000	%

Debt Instrument Redemption

On or after April 15, 2023, the Company may on any one or more occasions redeem all or a part of the 2028 Notes, at its option, at the redemption prices (expressed as percentages of principal amount) set forth below, plus accrued and unpaid interest, if any, on the 2028 Notes redeemed, to, but not including, the applicable date of redemption, if redeemed during the 12-month period beginning on April 15 of the years indicated below:


Year	Percentage
2023	102.188	%
2024	101.094	%
2025 and thereafter	100.000	%

- Definition

Tabular disclosure of the nature and terms of the financial instruments and the rights and obligations embodied in those instruments, information about settlement alternatives, if any, in the contract and identification of the entity that controls the settlement alternatives including: a. The amount that would be paid, or the number of shares that would be issued and their fair value, determined under the conditions specified in the contract if the settlement were to occur at the reporting date b. How changes in the fair value of the issuer's equity shares would affect those settlement amounts (for example, "the issuer is obligated to issue an additional x shares or pay an additional y dollars in cash for each $1 decrease in the fair value of one share") c. The maximum amount that the issuer could be required to pay to redeem the instrument by physical settlement, if applicable d. The maximum number of shares that could be required to be issued, if applicable e. That a contract does not limit the amount that the issuer could be required to pay or the number of shares that the issuer could be required to issue, if applicable f. For a forward contract or an option indexed to the issuer's equity shares, the forward price or option strike price, the number of issuer's shares to which the contract is indexed, and the settlement date or dates of the contract, as applicable. g. The components of the liability that would otherwise be related to shareholders' interest and other comprehensive income (if any) subject to the redemption feature (for example, par value and other paid in amounts of mandatorily redeemable instruments are disclosed separately from the amount of retained earnings or accumulated deficit).

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