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Long-Term Debt (Tables)
3 Months Ended
Mar. 31, 2021
Debt Disclosure [Abstract]  
Summary of Long-Term Debt
Long-term debt consists of the following as of:
March 31,December 31,
20212020
(in thousands)
3.75% senior unsecured notes, due September 2028
$600,000 $600,000 
Term loan facility, interest paid at the defined LIBOR rate plus applicable interest margin (2.36% and 2.40% at March 31, 2021 and December 31, 2020, respectively), due June 2024
400,000 400,000 
Long-term debt, gross1,000,000 1,000,000 
Less: unamortized debt issuance costs and original issue discount(8,392)(8,787)
Long-term debt, net$991,608 $991,213