DEBT

9 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

DEBT

DEBT

Our debt as of September 30, 2024 and December 31, 2023 consists of the following (amounts in thousands):

	As of September 30, 2024						As of December 31, 2023
	Principal		Debt Issuance Costs (1)		Total		Principal		Debt Issuance Costs		Total
	(Amounts in thousands)						(Amounts in thousands)
Revolving credit facility	$	—	$	—	$	—	$	250,000	$	(4,033)	$	245,967
Total debt	$	—	$	—	$	—	$	250,000	$	(4,033)	$	245,967

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(1)Debt issuance costs of $3.4 million included within Other assets on our consolidated balance sheets.

Revolving credit facility

During the three months ended September 30, 2024, we repaid the remaining $50 million of outstanding borrowings on our revolving credit facility, making the entire $1 billion revolving credit facility available as of September 30, 2024. Interest expense, which includes interest on borrowings and amortization of debt issuance costs, was $0.5 million and $6.1 million for the three and nine months ended September 30, 2024, respectively, and $6.7 million and $23.0 million for the three and nine months ended September 30, 2023, respectively. We were in compliance with each financial covenant (leverage ratio and interest coverage ratio) under our revolving credit facility as of September 30, 2024.

We may repay any borrowings under our revolving credit facility at any time without premium or penalty.