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Debt (Tables)
12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Outstanding Debt Balances
The following table summarizes outstanding debt balances as of December 31, 2024 and 2023 (in thousands):

As of December 31,
20242023
Borrowings under revolving credit facility
$62,000 $62,000
Secured term loan facility189,563 145,813
Less: Debt issuance costs(1)
(1,139)(1,224)
Total debt, net of debt issuance costs$250,424$206,589
Debt, current
$9,598$66,368
Long-term debt
240,826140,221
Total debt$250,424$206,589
(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, 2024 (in thousands):

Year Ended December 31,
2025$10,000 
202610,000 
2027231,563 
Total$251,563