Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 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 April 21, 2023, March 31, 2023, and December 31, 2022:

	As of April 21, 2023		As of March 31, 2023		As of December 31, 2022
	(in thousands)
Revolving credit facility (1)	$	—	$	—	$	—
Letters of credit (2)	6,000		6,000		6,000
Available borrowing capacity	1,244,000		1,244,000		1,244,000
Total aggregate lender commitment amount	$	1,250,000	$	1,250,000	$	1,250,000

____________________________________________

(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 $10.2 million and $10.8 million as of March 31, 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 [Table Text Block]

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

	As of March 31, 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	$	1,369	$	347,749	$	349,118	$	1,528	$	347,590
6.75% Senior Notes due 2026	419,235		2,394		416,841		419,235		2,569		416,666
6.625% Senior Notes due 2027	416,791		2,978		413,813		416,791		3,172		413,619
6.5% Senior Notes due 2028	400,000		5,412		394,588		400,000		5,665		394,335
Total	$	1,585,144	$	12,153	$	1,572,991	$	1,585,144	$	12,934	$	1,572,210