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Debt (Tables)
 3 Months Ended
Mar. 31, 2022
Debt Disclosure [Abstract]  
Schedule of debt and related interest
The following table summarizes our total outstanding borrowings related to the 2021 Credit Agreement and Convertible Senior Notes:
RateMaturity DateMarch 31, 2022December 31, 2021
2021 Credit Agreement
Revolving credit facility
L + 1.50%
April 2026$— $— 
Term Loan A-1
L + 1.50%
April 2026577,500 585,000 
Term Loan A-2
L + 1.25%
April 2024157,500 170,000 
Convertible Senior Notes due 20260.25%March 2026600,000 600,000 
Total borrowings1,335,000 1,355,000 
Less: unamortized debt discount and debt issuance costs(12,818)(13,724)
Total borrowings, net1,322,182 1,341,276 
Less: current portion of debt(30,000)(30,000)
Carrying value as of March 31, 2022
$1,292,182 $1,311,276 
The effective interest rate for the borrowings under the 2021 Credit Agreement and the Convertible Senior Notes is 1.95% and 0.54%, respectively, as of March 31, 2022. The following sets forth the interest expense recognized related to the borrowings under the 2021 Credit Agreement and Convertible Senior Notes and is included in interest expense in the accompanying condensed consolidated statements of income:
Three Months Ended March 31,
20222021
Contractual interest expense - Revolving Credit Facility$(313)$— 
Contractual interest expense - Term Loans(2,994)— 
Contractual interest expense - Convertible Senior Notes(375)(83)
Amortization of debt discount and debt issuance costs (1,122)(95)
Total $(4,804)$(178)