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Debt (Tables)
 12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Debt
Debt consisted of the following (in thousands):
 December 31, 2024December 31, 2023
7.500% Senior Notes
$595,673 $— 
Credit Facility
75,000 — 
Delayed Draw Term Loan
— 417,260 
Cantor Credit Agreement
— 130,000 
Long-term debt670,673 547,260 
Total corporate debt
$670,673 $547,260 
The carrying amount of the Delayed Draw Term Loan was determined as follows (in thousands):
 December 31, 2024December 31, 2023
Principal balance$— $420,000 
Less: debt issue cost— 2,740 
Total$— $417,260 
 Year Ended December 31,
202420232022
Interest expense$1,038 $4,515 $— 
Debt issue cost amortization16 342 — 
Acceleration of debt issuance costs
2,653 — — 
Total$3,707 $4,857 $— 
Schedule of Debt Interest expense, amortization of debt issue costs and amortization of the debt discount of the 6.125% Senior Notes, included in “Interest expense, net” on the accompanying consolidated statements of operations, were as follows (in thousands):
 Year Ended December 31,
202420232022
Interest expense$— $29,383 $33,687 
Debt issue cost amortization— 1,120 1,284 
Debt discount amortization— 1,096 1,261 
Total$— $31,599 $36,232 
The carrying amount of the 7.500% Senior Notes was determined as follows (in thousands):

 December 31, 2024December 31, 2023
Principal balance$600,000 $— 
Less: debt issue cost4,327 — 
    Total
$595,673 $— 
Interest expense, amortization of debt issue costs of the 7.500% Senior Notes, included in “Interest expense, net” on the accompanying consolidated statements of operations, were as follows (in thousands):
 Year Ended December 31,
202420232022
Interest expense$43,625 $— $— 
Debt issue cost amortization1,041 — — 
Total$44,666 $— $— 
Interest expense and amortization of debt issue costs of the Credit Facility, included in “Interest expense, net” on the accompanying consolidated statements of operations, were as follows (in thousands):
 Year Ended December 31,
202420232022
Interest expense$7,348 $8,925 $— 
Debt issue cost amortization1,326 1,238 1,981 
Unused facility fee1,048 972 1,285 
Total$9,722 $11,135 $3,266