Borrowings (Tables)

9 Months Ended

Sep. 30, 2024

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)	September 30, 2024		December 31, 2023
Non-current indebtedness:
Convertible senior notes:
2026 Notes	$	220,000	$	440,000
2029 Notes		287,500		—
Total borrowings		507,500		440,000
Less: Long-term loan debt issuance cost (1)		11,286		5,834
Total non-current borrowings	$	496,214	$	434,166

(1)The Company incurred $0.8 million and $2.2 million of interest expense for the amortization of deferred debt issuance costs for the three and nine months ended September 30, 2024, respectively. The Company incurred $0.7 million and $2.1 million of interest expense for the amortization of deferred debt issuance costs for the three and nine months ended September 30, 2023, 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)
2024	$	—
2025		—
2026		220,000
2027		—
2028		—
	$	220,000