Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2023

Debt Disclosure [Abstract]

Schedule of Line of Credit Facilities

The following table presents the outstanding balance, total amount of letters of credit outstanding, and available borrowing capacity under the Credit Agreement as of October 26, 2023, September 30, 2023, and December 31, 2022:

	As of October 26, 2023		As of September 30, 2023		As of December 31, 2022
	(in thousands)
Revolving credit facility (1)	$	—	$	—	$	—
Letters of credit (2)	2,500		2,500		6,000
Available borrowing capacity	1,247,500		1,247,500		1,244,000
Total aggregate lender commitment amount	$	1,250,000	$	1,250,000	$	1,250,000

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(1)    Unamortized deferred financing costs attributable to the revolving credit facility are presented as a component of the other noncurrent assets line item on the accompanying balance sheets and totaled $9.1 million and $10.8 million as of September 30, 2023, and December 31, 2022, respectively. These costs are being amortized over the term of the revolving credit facility on a straight-line basis.

(2)    Letters of credit outstanding reduce the amount available under the revolving credit facility on a dollar-for-dollar basis.

Schedule of Long-term Debt Instruments

The Company’s Senior Notes, net line item on the accompanying balance sheets as of September 30, 2023, and December 31, 2022, consisted of the following (collectively referred to as “Senior Notes”):

	As of September 30, 2023						As of December 31, 2022
	Principal Amount		Unamortized Deferred Financing Costs		Principal Amount, Net		Principal Amount		Unamortized Deferred Financing Costs		Principal Amount, Net
	(in thousands)
5.625% Senior Notes due 2025	$	349,118	$	1,054	$	348,064	$	349,118	$	1,528	$	347,590
6.75% Senior Notes due 2026	419,235		2,044		417,191		419,235		2,569		416,666
6.625% Senior Notes due 2027	416,791		2,589		414,202		416,791		3,172		413,619
6.5% Senior Notes due 2028	400,000		4,904		395,096		400,000		5,665		394,335
Total	$	1,585,144	$	10,591	$	1,574,553	$	1,585,144	$	12,934	$	1,572,210