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Debt (Tables) | 12 Months Ended
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Dec. 31, 2022
Debt Disclosure [Abstract] |
Schedule of Long-term Debt | Long-term Debt consists of the following at December 31:
(in thousands) |  | 2022 |  |  | 2021 |
Variable rate term loans 1 |  | $ | 721,000 |  |  | $ | 403,500 |
Fixed rate term loans 2 |  |  | 250,000 |  |  |  | 290,000 |
Revenue bonds 3 |  |  | 65,735 |  |  |  | 65,735 |
Medium-term notes 4 |  |  | — |  |  |  | 3,000 |
Long-term principal |  |  | 1,036,735 |  |  |  | 762,235 |
Debt issuance costs |  |  | (2,324 | ) |  |  | (1,598 | )
Unamortized discounts |  |  | (1,731 | ) |  |  | (2,381 | )
Total long-term debt |  |  | 1,032,680 |  |  |  | 758,256 |
Less: current portion of long-term debt |  |  | (39,979 | ) |  |  | (42,977 | )
Long-term debt |  | $ | 992,701 |  |  | $ | 715,279 |
1 | Variable rate term loans are at rates of one-month SOFR plus a spread between 1.68% and 2.30% and mature between 2026 and 2032. As of December 31, 2022, the one-month SOFR rate was 4.33%. We have entered into interest rate swaps to fix the interest rate on these variable rate term loans. See Note 10: Derivative Instruments for additional information.
2 | Fixed rate term loans are at rates between 4.05% and 4.64% and mature between 2023 and 2025.
3 | Revenue bonds have a fixed rate of 2.75% and mature in 2024.
4 | Medium-term notes had a fixed rate of 8.75% and were repaid upon maturity in January 2022.
Schedule of Maturities of Long-term Debt | Scheduled principal payments due on long-term debt at December 31, 2022 are as follows:
(in thousands) |  |  |
2023 |  | $ | 40,000 |
2024 |  |  | 175,735 |
2025 |  |  | 100,000 |
2026 |  |  | 27,500 |
2027 |  |  | 138,750 |
Thereafter |  |  | 554,750 |
Total |  | $ | 1,036,735 |

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