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v3.23.2

Financial Commitments (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, 2023 | As of December 31, 2022
2017 Senior Notes | $ | 497,839 |  | $ | 497,289 |
Term Loan B | 359,110 |  | 404,169 |
Revolver | 25,000 |  | — |
Equipment financing and mortgages | 42,194 |  | 48,681 |
Other indebtedness | 2,114 |  | 8,300 |
Total debt | 926,257 |  | 958,439 |
Less: Current maturities | 20,634 |  | 70,285 |
Long-term debt, net | $ | 905,623 |  | $ | 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 June 30, 2023 and December 31, 2022:
| As of June 30, 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 |  | $ | (2,161) |  | $ | 497,839 |  |  | $ | 500,000 |  | $ | (2,711) |  | $ | 497,289 |
Term Loan B | 369,279 |  | (10,169) |  | 359,110 |  |  | 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 June 30, |  | Six Months Ended June 30,
(in thousands) | 2023 | 2022 |  | 2023 | 2022
Cash interest expense: |  |  |  |  |
Interest on 2017 Senior Notes | $ | 8,594 |  | $ | 8,594 |  |  | $ | 17,188 |  | $ | 17,188 |
Interest on Term Loan B | 9,250 |  | 6,085 |  |  | 18,999 |  | 12,118 |
Interest on Revolver | 2,807 |  | 130 |  |  | 4,552 |  | 633 |
Other interest | 364 |  | 479 |  |  | 785 |  | 940 |
Total cash interest expense | 21,015 |  | 15,288 |  |  | 41,524 |  | 30,879 |
Non-cash interest expense:(a) |  |  |  |  |
Amortization of discount and debt issuance costs on Term Loan B | 529 |  | 516 |  |  | 1,100 |  | 1,021 |
Amortization of debt issuance costs on Revolver | 195 |  | 141 |  |  | 355 |  | 283 |
Amortization of debt issuance costs on 2017 Senior Notes | 277 |  | 259 |  |  | 550 |  | 513 |
Total non-cash interest expense | 1,001 |  | 916 |  |  | 2,005 |  | 1,817 |
Total interest expense | $ | 22,016 |  | $ | 16,204 |  |  | $ | 43,529 |  | $ | 32,696 |
____________________________________________________________________________________________________ (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 10.84%, respectively, for the six months ended June 30, 2023.

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