XML 60 R47.htm IDEA: XBRL DOCUMENT v3.24.3
Long-Term Debt (Details)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended 27 Months Ended
Jul. 30, 2024
USD ($)
Mar. 11, 2024
USD ($)
Oct. 26, 2021
Jun. 01, 2021
USD ($)
Jan. 26, 2021
USD ($)
Jan. 04, 2021
USD ($)
Sep. 02, 2020
USD ($)
Aug. 21, 2020
USD ($)
shares
Sep. 30, 2024
USD ($)
item
Mar. 31, 2024
USD ($)
shares
Sep. 30, 2023
USD ($)
Mar. 31, 2023
USD ($)
Sep. 30, 2024
USD ($)
item
Sep. 30, 2023
USD ($)
shares
Dec. 31, 2021
USD ($)
Mar. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Long-Term Debt                                    
Total principal                 $ 1,630,685       $ 1,630,685       $ 1,547,571  
Unamortized debt issuance costs                 (8,369)       (8,369)       (9,975)  
Long-term debt                 1,622,316       1,622,316       1,537,596  
Payments of deferred financing costs                         6,064          
Aggregate principal amount converted                   $ 26,051 $ 7 $ 17,172            
Gain (loss) on extinguishment of debt repurchased                 (528)       (528)          
Credit Facility                                    
Long-Term Debt                                    
Credit facility                 526,700       526,700       417,200  
Senior Unsecured Revolving Credit Facility                                    
Long-Term Debt                                    
Credit facility                 527,000       527,000          
Lender commitments                 1,650,000       1,650,000          
Available borrowing capacity                 $ 1,000       $ 1,000          
Number of extensions | item                 2       2          
Renewal term                         1 year          
Potential increase in lender commitments $ 500,000                                  
Total indebtedness to capitalization ratio 65.00%                                  
Weighted average interest rate (as a percent)                 6.47%       6.47%          
Outstanding letters of credit                 $ 120,000       $ 120,000          
Senior Unsecured Revolving Credit Facility | Minimum                                    
Long-Term Debt                                    
Credit ratings (as a percent) 1.125%                                  
New credit facility, commitment fees (as a percent) 0.125%                                  
Senior Unsecured Revolving Credit Facility | Maximum                                    
Long-Term Debt                                    
Credit ratings (as a percent) 2.00%                                  
New credit facility, commitment fees (as a percent) 0.30%                                  
Senior Secured Revolving Credit Facility                                    
Long-Term Debt                                    
Credit facility                                 417,000  
Current borrowing base                                 3,500,000  
Lender commitments                                 $ 1,600,000  
Weighted average interest rate (as a percent)                                 7.71%  
Outstanding letters of credit                                 $ 501,000  
Senior Secured Revolving Credit Facility | Not Investment Grade Period                                    
Long-Term Debt                                    
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]     us-gaap:SecuredOvernightFinancingRateSofrMember                              
Senior Secured Revolving Credit Facility | Investment Grade Period                                    
Long-Term Debt                                    
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]     us-gaap:SecuredOvernightFinancingRateSofrMember                              
Senior Secured Revolving Credit Facility | Minimum                                    
Long-Term Debt                                    
Commitment fees on the unused portion during any period that is not an Investment Grade Period (as a percent)     0.375%                              
Senior Secured Revolving Credit Facility | Minimum | Not Investment Grade Period                                    
Long-Term Debt                                    
Basis spread on variable rate (as a percent)     1.75%                              
Senior Secured Revolving Credit Facility | Minimum | Investment Grade Period                                    
Long-Term Debt                                    
Basis spread on variable rate (as a percent)     1.25%                              
Senior Secured Revolving Credit Facility | Maximum                                    
Long-Term Debt                                    
Commitment fees on the unused portion during any period that is not an Investment Grade Period (as a percent)     0.50%                              
Senior Secured Revolving Credit Facility | Maximum | Not Investment Grade Period                                    
Long-Term Debt                                    
Basis spread on variable rate (as a percent)     2.75%                              
Senior Secured Revolving Credit Facility | Maximum | Investment Grade Period                                    
Long-Term Debt                                    
Basis spread on variable rate (as a percent)     1.875%                              
8.375% Senior Notes Due 2026                                    
Long-Term Debt                                    
Senior notes           $ 500,000     $ 96,870       $ 96,870       $ 96,870  
Interest rate (as a percent)           8.375%     8.375%       8.375%       8.375%  
Issue price as percentage of par value           100.00%                        
Amount of debt repurchased                                   $ 403,000
Redemption price of the debt instrument in the event of change of control (as a percent)           101.00%                        
8.375% Senior Notes Due 2026 | On or after January 15, 2024                                    
Long-Term Debt                                    
Redemption price           104.188%                        
8.375% Senior Notes Due 2026 | On or after January 15, 2026                                    
Long-Term Debt                                    
Redemption price           100.00%                        
7.625% Senior Notes Due 2029                                    
Long-Term Debt                                    
Senior notes         $ 700,000       $ 407,115       $ 407,115       $ 407,115  
Interest rate (as a percent)         7.625%       7.625%       7.625%       7.625%  
Issue price as percentage of par value         100.00%                          
Amount of debt repurchased                                   $ 293,000
Redemption price of the debt instrument in the event of change of control (as a percent)         101.00%                          
7.625% Senior Notes Due 2029 | On or after February 1, 2024                                    
Long-Term Debt                                    
Redemption price         103.813%                          
7.625% Senior Notes Due 2029 | On or after February 1, 2027                                    
Long-Term Debt                                    
Redemption price         100.00%                          
5.375% senior notes due 2030                                    
Long-Term Debt                                    
Senior notes       $ 600,000         $ 600,000       $ 600,000       $ 600,000  
Interest rate (as a percent)       5.375%         5.375%       5.375%       5.375%  
Issue price as percentage of par value       100.00%                            
Redemption price of the debt instrument in the event of change of control (as a percent)       101.00%                            
5.375% senior notes due 2030 | On or after March 1, 2025                                    
Long-Term Debt                                    
Redemption price       102.688%                            
5.375% senior notes due 2030 | On or after March 1, 2028                                    
Long-Term Debt                                    
Redemption price       100.00%                            
5.375% senior notes due 2030 | On or Before March 1, 2025                                    
Long-Term Debt                                    
Percentage of the principal amount of the debt instrument which the entity may redeem with the proceeds from certain equity offerings       35.00%                            
Redemption price of the debt instrument if redeemed with the proceeds of certain equity offerings (as a percent)       105.375%                            
5.375% senior notes due 2030 | Prior to March 1, 2025                                    
Long-Term Debt                                    
Redemption price       100.00%                            
4.25% convertible senior notes due 2026                                    
Long-Term Debt                                    
Convertible senior notes             $ 37,500 $ 250,000 $ 0       $ 0       $ 26,386  
Interest rate (as a percent)               4.25% 4.25%       4.25%       4.25%  
Issuance of convertible notes             278,500                      
Payments of deferred financing costs             $ 9,000                      
Amount of debt extinguished                             $ 206,000      
Amount of debt converted                               $ 81,000    
Redemption price   100.00%                                
Shares issued on conversion | shares               230.2026                    
Aggregate principal amount converted   $ 26,000               $ 26,000 $ 0     $ 9,000        
Aggregate principal amount induced into conversion                           $ 9,000        
Shares issued to cover conversions (in shares) | shares                   6,000,000       4,000,000        
Cash inducement premium                           $ 100