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Debt | 9 Months Ended
--- | ---
Sep. 30, 2024
Debt Disclosure [Abstract] |
Debt | Debt Outstanding long-term debt was as follows:
| September 30, 2024 |  | December 31, 2023
Senior long-term debt: |  |  |
Senior Secured Credit Facility (stated maturity date September 18, 2028) | $ | 66,000 |  |  | $ | 59,000 |
Other debt: |  |  |
Lines of credit | 9,707 |  |  | 10,864 |
Notes payable and other debt | 28,250 |  |  | 40,009 |
Total senior and other debt | 103,957 |  |  | 109,873 |
Finance lease obligations and sale-leaseback financings | 50,855 |  |  | 57,568 |
Total long-term debt and finance leases | 154,812 |  |  | 167,441 |
Less: total unamortized deferred financing costs | 2,018 |  |  | 2,372 |
Less: current portion of long-term debt and finance leases | 22,955 |  |  | 52,828 |
Long-term debt and finance leases, less current portion | $ | 129,839 |  |  | $ | 112,241 |
Senior Secured Credit Facility As of September 30, 2024, the Company maintained a revolving credit facility under its credit agreement (the Amended Credit Agreement) that provided for $145,000 of revolving credit loans, which matured on October 7, 2024 (the Series 2024 Tranche) and $155,000 of revolving credit loans maturing September 2028 (the Series 2028 Tranche) for a $300,000 aggregate revolving credit facility (the Revolving Credit Facility). Accordingly, effective October 7, 2024, the borrowing capacity of the Revolving Credit Facility is $155,000. The credit available to be borrowed under the Amended Credit Agreement, whether as revolving loans or term loans, if any, are referred to herein collectively as the “Senior Secured Credit Facility.” As of September 30, 2024 and December 31, 2023, the Senior Secured Credit Facility had a total outstanding balance of $66,000 and $59,000, respectively. Estimated Fair Value of Debt As of September 30, 2024 and December 31, 2023, the estimated fair value of our debt approximated its carrying value. Certain Covenants As of September 30, 2024, our Amended Credit Agreement contained certain negative covenants including, among others: (1) limitations on additional indebtedness; (2) limitations on dividends; (3) limitations on asset sales, including the sale of ownership interests in subsidiaries and sale-leaseback transactions; and (4) limitations on liens, guarantees, loans or investments. The Amended Credit Agreement also provides, solely with respect to the revolving credit facility, that the Company shall not permit its Consolidated Senior Secured Debt to Consolidated EBITDA ratio, as defined in the Amended Credit Agreement, to exceed 3.00x as of the last day of each quarter commencing with the quarter ending December 31, 2019 and thereafter. The agreement also provides that if less than 25% of the revolving credit facility is utilized as of that date, then such financial covenant shall not apply. As of September 30, 2024, these conditions were satisfied and, therefore, we were not subject to the leverage ratio covenant. In addition, indebtedness at some of our locations contain financial maintenance covenants. We were in compliance with these covenants as of September 30, 2024.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-6 Reference 2: 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