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Long-Term Debt | 6 Months Ended
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Jun. 30, 2023
Debt Disclosure [Abstract] |
Long-Term Debt | LONG-TERM DEBT Long-term debt consisted of the following (in thousands):
| As of June 30, |  | As of December 31,
| 2023 |  | 2022
Senior Notes due 2028, net of unamortized debt issuance costs of $2,737 and $3,036, respectively | $ | 297,263 |  |  | $ | 296,964 |
Term loan, net of unamortized debt issuance costs of $5,282 and $5,767, respectively | 487,218 |  |  | 489,233 |
Vehicle and equipment notes, maturing through June 2028; payable in various monthly installments, including interest rates ranging from 1.9% to 6.7% | 77,080 |  |  | 72,984 |
Various notes payable, maturing through April 2025; payable in various monthly installments, including interest rates ranging from 2.0% to 5.0% | 1,382 |  |  | 1,973 |
| 862,943 |  |  | 861,154 |
Less: current maturities | (31,661) |  |  | (30,983) |
Long-term debt, less current maturities | $ | 831,282 |  |  | $ | 830,171 |
Remaining required repayments of debt principal, gross of unamortized debt issuance costs, as of June 30, 2023 are as follows (in thousands):
Remainder of 2023 | $ | 16,128 |
2024 | 28,825 |
2025 | 23,134 |
2026 | 18,323 |
2027 | 13,220 |
Thereafter | 771,332 |
Term Loan Benchmark Replacement In April 2023, we notified the lenders on our $500.0 million, seven-year term loan facility due December 2028 (the "Term Loan") under our credit agreement (the "Term Loan Agreement") that we have elected to trigger a benchmark replacement from LIBOR to the Secured Overnight Financing Rate ("Term SOFR"). The Term Loan was subsequently amended on April 28, 2023 (the "First Amendment") to implement Term SOFR as the benchmark rate and includes a credit spread adjustment of 0.11%, 0.26% and 0.43% for interest periods of one month, three months and six months, respectively, and it is subject to the same floor as currently set forth in the Term Loan Agreement. The Term Loan now bears interest at either the base rate (which approximates the prime rate) or the Term SOFR rate plus the applicable credit spread adjustment, plus a margin of (A) 1.25% in the case of base rate loans or (B) 2.25% in the case of Term SOFR rate loans.

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 470 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//470/tableOfContent + Details
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