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Financial Commitments (Tables) | 12 Months Ended
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Dec. 31, 2022
Debt Disclosure [Abstract] |
Long-Term Debt | Long-term debt as reported on the Consolidated Balance Sheets consisted of the following:
| As of December 31,
(in thousands) | 2022 |  | 2021
2017 Senior Notes | $ | 497,289 |  |  | $ | 496,244 |
Term Loan B | 404,169 |  |  | 406,335 |
Revolver | — |  |  | 27,000 |
Equipment financing and mortgages | 48,681 |  |  | 56,246 |
Other indebtedness | 8,300 |  |  | 7,829 |
Total debt | 958,439 |  |  | 993,654 |
Less: Current maturities(a) | 70,285 |  |  | 24,406 |
Long-term debt, net | $ | 888,154 |  |  | $ | 969,248 |
_____________________________________________________________________________________________________________ (a)Current maturities at December 31, 2022 includes an expected $44.0 million principal prepayment on the Term Loan B.
Reconciliation of Outstanding Debt Balance to Reported Debt Balance | The following table reconciles the outstanding debt balances to the reported debt balances as of December 31, 2022 and 2021:
| As of December 31, 2022 |  | As of December 31, 2021
(in thousands) | Outstanding Debt | Unamortized Discounts and Issuance Costs | Debt, as reported |  | Outstanding Debt | Unamortized Discounts and Issuance Costs | Debt, as reported
2017 Senior Notes | $ | 500,000 |  | $ | (2,711) |  | $ | 497,289 |  |  | $ | 500,000 |  | $ | (3,756) |  | $ | 496,244 |
Term Loan B | 415,438 |  | (11,269) |  | 404,169 |  |  | 419,688 |  | (13,353) |  | 406,335 |
Principal Payments of Long-Term Debt | The following table presents the future principal payments required under all of the Company’s debt obligations, discussed above:
Year (in thousands) |
2023 | $ | 70,285 |
2024 | 17,744 |
2025 | 514,448 |
2026 | 10,330 |
2027 | 355,904 |
Thereafter | 3,708 |
| 972,419 |
Less: Unamortized discounts and issuance costs | 13,980 |
Total | $ | 958,439 |
Summary of Interest Expense as Reported in the Consolidated Statements of Operations | Interest expense as reported in the Consolidated Statements of Operations consisted of the following:
| For the year ended December 31,
(in thousands) | 2022 |  | 2021 |  | 2020
Cash interest expense: |  |  |  |  |
Interest on 2017 Senior Notes | $ | 34,375 |  |  | $ | 34,375 |  |  | $ | 34,375 |
Interest on Term Loan B | 27,880 |  |  | 24,590 |  |  | 9,028 |
Interest on Revolver | 1,642 |  |  | 1,479 |  |  | 77 |
Interest on 2017 Credit Facility | — |  |  | — |  |  | 5,341 |
Interest on Convertible Notes | — |  |  | 921 |  |  | 4,373 |
Other interest | 2,044 |  |  | 1,905 |  |  | 2,079 |
Cash portion of loss on extinguishment | — |  |  | — |  |  | 786 |
Total cash interest expense | 65,941 |  |  | 63,270 |  |  | 56,059 |
Non-cash interest expense(a): |  |  |  |  |
Amortization of discount and debt issuance costs on Term Loan B | 2,084 |  |  | 2,175 |  |  | 784 |
Amortization of debt issuance costs on 2017 Senior Notes | 1,045 |  |  | 973 |  |  | 906 |
Amortization of debt issuance costs on Revolver | 568 |  |  | 568 |  |  | 206 |
Amortization of discount and debt issuance costs on Convertible Notes | — |  |  | 2,040 |  |  | 8,944 |
Amortization of debt issuance costs on 2017 Credit Facility | — |  |  | — |  |  | 1,001 |
Non-cash portion of loss on extinguishment | — |  |  | — |  |  | 8,312 |
Total non-cash interest expense | 3,697 |  |  | 5,756 |  |  | 20,153 |
Total interest expense | $ | 69,638 |  |  | $ | 69,026 |  |  | $ | 76,212 |
_____________________________________________________________________________________________________________ (a)The combination of cash and non-cash interest expense produces effective interest rates that are higher than contractual rates. Accordingly, the effective interest rates for the 2017 Senior Notes and Term Loan B were 7.13% and 6.43%, respectively, for the year ended December 31, 2022

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