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Long-term Debt (Tables) | 12 Months Ended
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Dec. 31, 2021
Debt Disclosure [Abstract] |
Summary of the Company's Long-term Debt | The following table provides a summary of the Company’s long-term debt at December 31:
($ in thousands) |  | 2021 |  |  | 2020 |
2021 Term Loan, due 2028 |  | $ | 895,125 |  |  | $ | — |
Senior Notes, due 2029 |  |  | 350,000 |  |  |  | — |
PPP Loan |  |  | 2,933 |  |  |  | — |
2018 Term Loan |  |  | — |  |  |  | 865,642 |
Revolver |  |  | 25,000 |  |  |  | — |
Less: original issue discounts |  |  | (6,753 | ) |  |  | (3,952 | )
Less: unamortized deferred financing costs |  |  | (22,551 | ) |  |  | (19,645 | )
Total long-term debt |  |  | 1,243,754 |  |  |  | 842,045 |
Less: current portion of long-term debt |  |  | (36,952 | ) |  |  | (9,104 | )
Total long-term debt, net of current portion |  | $ | 1,206,802 |  |  | $ | 832,941 |
Scheduled Aggregate Future Principal and Interest Payments of Long-term Debt | The following table pres ents the aggregate principal and interest payments in future years on long-term debt as of December 31, 2021:
($ in thousands) |  | Principal |  |  | Interest (2) |
2022 (1) |  | $ | 34,019 |  |  | $ | 51,859 |
2023 |  |  | 9,019 |  |  |  | 51,508 |
2024 |  |  | 9,019 |  |  |  | 51,266 |
2025 |  |  | 9,019 |  |  |  | 50,849 |
2026 |  |  | 9,019 |  |  |  | 50,519 |
Thereafter |  |  | 1,200,030 |  |  |  | 82,296 |
Total |  | $ | 1,270,125 |  |  | $ | 338,297 |
(1) This excludes $2.9 million principal related to the PPP Loan that is expected to be forgiven, as discussed below. (2) The variable interest rates in effect as of December 31, 2021, was used to calculate interest payments for the 2021 Term Loan and the Revolver borrowings.
Schedule of Consolidated First Lien Net Leverage Ratio and Applicable Prepayment Percentage | In addition, the 2021 Term Loan requires mandatory prepayments equal to the product of the excess cash flows of the Company (as defined in the 2021 Term Loan agreement) and the applicable prepayment percentages (calculated as of the last day of the fiscal year, beginning with the year ending December 31, 2022), as set forth in the following table:
Consolidated First Lien Net Leverage Ratio (As Defined by the 2021 Term Loan Agreement) |  | Applicable Prepayment Percentage
> 3.70:1.00 |  | 50%
< 3.70:1.00 and > 3.20:1.00 |  | 25%
< 3.20:1.00 |  | 0%
Summary of Senior Notes Redemption Prices Set Forth in Percentages by Year | On or after April 15, 2024, the Company may redeem all or a portion of the Senior Notes at the redemption prices set forth below in percentages by year, plus accrued and unpaid interest:
Year |  | Percentage
2024 |  | 102.750%
2025 |  | 101.375%
2026 and thereafter |  | 100.000%

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