Debt (Tables)

9 Months Ended

Sep. 30, 2023

Debt Disclosure [Abstract]

Schedule of Debt

Debt consisted of the following (in thousands):

	September 30, 2023		December 31, 2022
6.125% Senior Notes	$	129,747	$	547,784
Short-term debt	$	129,747	$	547,784
6.125% Senior Notes	$	420,000	$	—
Credit Facility	$	55,000	$	—
Long-term debt	$	475,000	$	—
Total debt	$	604,747	$	547,784

Schedule of Debt

The carrying amount of the 6.125% Senior Notes was determined as follows (in thousands):

	September 30, 2023		December 31, 2022
Principal balance	$	550,000	$	550,000
Less: debt issue cost	157		1,120
Less: debt discount	96		1,096
Total	$	549,747	$	547,784

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 unaudited condensed consolidated statements of operations, were as follows (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Interest expense	$	8,422	$	8,740	$	25,266	$	26,204
Debt issue cost amortization	321		321		963		963
Debt discount amortization	339		318		1,000		938
Total	$	9,082	$	9,379	$	27,229	$	28,105

Interest expense and amortization of debt issue costs of the Credit Facility, included in “Interest expense, net” on the accompanying unaudited condensed consolidated statements of operations, were as follows (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Interest expense	$	2,260	$	—	$	7,536	$	—
Debt issue cost amortization	264		—		975		—
Unused facility fee	247		328		697		962
Total	$	2,771	$	328	$	9,208	$	962