XML 240 R29.htm IDEA: XBRL DOCUMENT
v3.23.1

Financial Commitments (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2023
Debt Disclosure [Abstract] |
Schedule of Long-Term Debt | Long-term debt as reported on the Condensed Consolidated Balance Sheets consisted of the following:
(in thousands) | As of March 31, 2023 | As of December 31, 2022
2017 Senior Notes | $ | 497,562 |  | $ | 497,289 |
Term Loan B | 403,677 |  | 404,169 |
Revolver | 30,000 |  | — |
Equipment financing and mortgages | 45,286 |  | 48,681 |
Other indebtedness | 4,157 |  | 8,300 |
Total debt | 980,682 |  | 958,439 |
Less: Current maturities | 66,228 |  | 70,285 |
Long-term debt, net | $ | 914,454 |  | $ | 888,154 |
Schedule of Reconciliation of Outstanding Debt Balance to Reported Debt Balance | The following table reconciles the outstanding debt balances to the reported debt balances as of March 31, 2023 and December 31, 2022:
| As of March 31, 2023 |  | As of December 31, 2022
(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 |  | $ | (2,438) |  | $ | 497,562 |  |  | $ | 500,000 |  | $ | (2,711) |  | $ | 497,289 |
Term Loan B | 414,375 |  | (10,698) |  | 403,677 |  |  | 415,438 |  | (11,269) |  | 404,169 |
Schedule of Interest Expense as Reported in the Consolidated Statements of Operations | Interest expense as reported in the Condensed Consolidated Statements of Operations consisted of the following:
| Three Months Ended March 31, |  |
(in thousands) | 2023 | 2022 |  |  |
Cash interest expense: |  |  |  |  |
Interest on 2017 Senior Notes | $ | 8,594 |  | $ | 8,594 |  |  |  |
Interest on Term Loan B | 9,749 |  | 6,033 |  |  |  |
Interest on Revolver | 1,745 |  | 503 |  |  |  |
Other interest | 421 |  | 461 |  |  |  |
Total cash interest expense | 20,509 |  | 15,591 |  |  |  |
Non-cash interest expense:(a) |  |  |  |  |
Amortization of discount and debt issuance costs on Term Loan B | 571 |  | 505 |  |  |  |
Amortization of debt issuance costs on Revolver | 160 |  | 142 |  |  |  |
Amortization of debt issuance costs on 2017 Senior Notes | 273 |  | 254 |  |  |  |
Total non-cash interest expense | 1,004 |  | 901 |  |  |  |
Total interest expense | $ | 21,513 |  | $ | 16,492 |  |  |  |
____________________________________________________________________________________________________ (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 10.44%, respectively, for the three months ended March 31, 2023.

X
- Definition Reconciliation Of Outstanding Debt Balance To Reported Debt Balance [Table Text Block] + References No definition available. + Details
Name: | tpc_ReconciliationOfOutstandingDebtBalanceToReportedDebtBalanceTableTextBlock
Namespace Prefix: | tpc_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of interest income and expense, including, but not limited to, interest income and expense from investments, loans, and securities. + References No definition available. + Details
Name: | us-gaap_InterestIncomeAndInterestExpenseDisclosureTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI https://asc.fasb.org/extlink&oid=124435984&loc=d3e28541-108399 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21506-112644 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69B -URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124435984&loc=d3e28551-108399 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69E -URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495743-112612 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21521-112644 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21538-112644 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=123599511&loc=d3e64711-112823 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21475-112644 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration