Borrowings (Tables)

3 Months Ended

Mar. 31, 2025

Debt Disclosure [Abstract]

Summary of Borrowings under Credit Agreement

The following table summarizes the total borrowings under the credit agreements and convertible senior notes:

($ in thousands)	March 31, 2025		December 31, 2024
Non-current indebtedness:
Convertible senior notes:
2026 Notes	$	220,000	$	220,000
2029 Notes		287,500		287,500
Total borrowings		507,500		507,500
Less: Long-term loan debt issuance cost (1)		9,912		10,722
Total non-current borrowings	$	497,588	$	496,778

(1)The Company incurred $0.8 million and $0.7 million of interest expense for the amortization of deferred debt issuance costs for the three months ended March 31, 2025 and 2024, respectively.

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)
2025	$	—
2026		220,000
2027		—
2028		—
2029		287,500
	$	507,500