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Debt (Tables) | 9 Months Ended
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Sep. 30, 2023
Debt Disclosure [Abstract] |
Schedule of Long-term Debt | Long-term debt consisted of the following (in thousands):
| September 30, |  | December 31,
| 2023 |  | 2022
Bank credit facility - term loan | $ | 182,500 |  |  | $ | 100,000 |
Bank credit facility - revolving facility | 281,000 |  |  | 188,610 |
Principal amount of long-term debt | 463,500 |  |  | 288,610 |
Less: debt issuance costs | (2,730) |  |  | (2,310) |
Total long-term debt | 460,770 |  |  | 286,300 |
Less: current portion | (19,000) |  |  | (10,000) |
Long-term debt, less current portion | $ | 441,770 |  |  | $ | 276,300 |
Schedule of Term Loan Payments | Future required term loan and revolving facility payments as of September 30, 2023 are as follows (in thousands):
Year Ending |  | Term Loan |  | Revolving Facility |  | Total
Remainder of 2023 |  | $ | 4,750 |  |  | $ | — |  |  | $ | 4,750 |
2024 |  | 19,000 |  |  | — |  |  | 19,000 |
2025 |  | 158,750 |  |  | 281,000 |  |  | 439,750 |
Total |  | $ | 182,500 |  |  | $ | 281,000 |  |  | $ | 463,500 |
We were in compliance with required ratios and other terms and conditions under our credit agreement as of September 30, 2023.

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