The components of interest expense are as follows: | | | | | | | | | | | | | | | | | | | (in thousands) | 2025 | | 2024 | | 2023 | | Interest incurred on debt | $ | 89,974 | | | $ | 68,971 | | | $ | 56,219 | | | Accretion of original issue discount | 5,053 | | | 2,163 | | | 2,524 | | | Amortization of debt issuance costs | 2,738 | | | 3,193 | | | 4,631 | | | Debt modification costs | 6,292 | | | 18,370 | | | — | | | Amortization of interest rate swap deferred gains | — | | | (7,384) | | | (5,480) | | | Unrealized loss on termination of de-designated interest rate swap | — | | | — | | | 7,111 | | | Realized gain on termination of de-designated interest rate swap | — | | | — | | | (6,918) | | | Total interest expense | $ | 104,057 | | | $ | 85,313 | | | $ | 58,087 | |
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