Borrowings (Tables)

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Summary of Borrowings under Credit Agreement

The following table summarizes the total borrowings under the Amended Credit Agreement and Convertible Senior Debt:

($ in thousands)	June 30, 2024		December 31, 2023
Non-current indebtedness:
Convertible Senior Debt	$	440,000	$	440,000
Total borrowings		440,000		440,000
Less: Long-term loan debt issuance cost (1)		4,411		5,834
Total non-current borrowings	$	435,589	$	434,166

(1)The Company incurred $0.7 million and $1.4 million of interest expense for the amortization of deferred debt issuance costs for the three and six months ended June 30, 2024, respectively. The Company incurred $2.8 million of interest expense for the amortization of deferred debt issuance costs for the year ended December 31, 2023.

Summary of Principal Maturities of Long-term Debt

The following is a summary of principal maturities of long‑term debt for each of the next five years ending December 31 and in the aggregate:

($ in thousands)
2024	$	—
2025		—
2026		440,000
2027		—
2028		—
	$	440,000