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Debt (Tables)
 12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Outstanding Debt Balances
The following table summarizes outstanding debt balances as of December 31, 2023 and 2022 (in thousands):

As of December 31,
20232022
Borrowings under revolving credit facility
$62,000 $—
Secured term loan facility145,813 119,375
Less: Debt issuance costs(1)
(1,224)(1,256)
Total debt, net of debt issuance costs$206,589$118,119
Debt, current
$66,368$2,740
Long-term debt
140,221115,379
Total debt$206,589$118,119
(1) Deferred debt issuance costs associated with the term loan facility are recorded net of the debt obligation and amortized to interest expense over the term of the Credit Agreement.
Schedule of Future Long-term Debt Principal Payments
The following table summarizes the annual maturities of the principal amount of total debt due as of December 31, 2023 (in thousands):

Year Ended December 31,
2024$4,688 
20257,500 
20267,500 
2027*
188,125 
Total$207,813 
* The contractual maturity of our outstanding revolving credit facility of $62.0 million is November 3, 2027, and is shown in the table above in fiscal year 2027. The revolving credit facility is presented as current debt on our consolidated balance sheet due to management’s intention to repay the outstanding balance within the next 12 months.