Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2023

Long-Term Debt [Abstract]

Long-term Debt Instruments

Long-term debt consists of the following:

	September 30, 2023			December 31, 2022
Credit facility	$	-		$	42,000
Convertible senior notes, due 2025		95,102			465,344
Convertible senior notes, due 2030		750,000			-
Deferred financing costs		(27,845	)		(6,407	)
		817,257			500,937
Less current portion		-			-
	$	817,257		$	500,937

Key Facts and Terms of the Convertible Debt Instruments

The following table summarizes some key facts and terms regarding the outstanding convertible senior notes as of September 30, 2023:

	2025 Notes			2030 Notes
Issuance date	June 12, 2018			September 12, 2023
Maturity date	June 15, 2025			September 15, 2030
Principal amount as of September 30, 2023	$	95,102		$	750,000
Cash coupon rate (per annum)		2.25	%		2.25	%
Conversion rate (per $1 principal amount)		32.1062			33.1609
Effective conversion price (per share)	$	31.15		$	30.16
130% of the current effective conversion price (per share)	$	40.50		$	39.21