Unsecured Senior Notes (Tables)

3 Months Ended

Mar. 31, 2023

Debt Instruments [Abstract]

Schedule of Unsecured Convertible Senior Notes Outstanding

The following table is a summary of our unsecured senior notes outstanding as of March 31, 2023 and December 31, 2022 (dollars in thousands):

	Coupon Rate			Effective Rate (1)		Maturity Date	Remaining Period of Amortization	Carrying Value at
								March 31, 2023		December 31, 2022
2023 Convertible Notes	4.38	%		4.57	%	4/1/2023	0.0 years	250,000		250,000
2023 Senior Notes	5.50	%		5.71	%	11/1/2023	0.6 years	300,000		300,000
2024 Senior Notes	3.75	%		3.94	%	12/31/2024	1.8 years	400,000		400,000
2025 Senior Notes	4.75	%	(2)	5.04	%	3/15/2025	2.0 years	500,000		500,000
2026 Senior Notes	3.63	%		3.77	%	7/15/2026	3.3 years	400,000		400,000
2027 Senior Notes	4.38	%	(3)	4.49	%	1/15/2027	3.8 years	500,000		500,000
Total principal amount								2,350,000		2,350,000
Unamortized discount—Convertible Notes								—		(118)
Unamortized discount—Senior Notes								(8,137)		(9,051)
Unamortized deferred financing costs								(10,418)		(11,620)
Total carrying amount								$	2,331,445	$	2,329,211

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(1)Effective rate includes the effects of underwriter purchase discount.

(2)The coupon on the 2025 Senior Notes is 4.75%.  At closing, we swapped $470.0 million of the notes to a floating rate of LIBOR + 2.53%.

(3)The coupon on the 2027 Senior Notes is 4.375%.  At closing, we swapped the notes to a floating rate of SOFR + 2.95%.