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v3.23.3

Financial Commitments (Tables) | 9 Months Ended
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Sep. 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 September 30, 2023 | As of December 31, 2022
2017 Senior Notes | $ | 498,122 |  | $ | 497,289 |
Term Loan B | 358,556 |  | 404,169 |
Revolver | — |  | — |
Equipment financing and mortgages | 38,344 |  | 48,681 |
Other indebtedness | 9,812 |  | 8,300 |
Total debt | 904,834 |  | 958,439 |
Less: Current maturities | 28,040 |  | 70,285 |
Long-term debt, net | $ | 876,794 |  | $ | 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 September 30, 2023 and December 31, 2022:
| As of September 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 |  | $ | (1,878) |  | $ | 498,122 |  |  | $ | 500,000 |  | $ | (2,711) |  | $ | 497,289 |
Term Loan B | 368,216 |  | (9,660) |  | 358,556 |  |  | 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 September 30, |  | Nine Months Ended September 30,
(in thousands) | 2023 | 2022 |  | 2023 | 2022
Cash interest expense: |  |  |  |  |
Interest on Term Loan B | $ | 9,674 |  | $ | 6,822 |  |  | $ | 28,673 |  | $ | 18,940 |
Interest on 2017 Senior Notes | 8,594 |  | 8,593 |  |  | 25,782 |  | 25,781 |
Interest on Revolver | 369 |  | 106 |  |  | 4,921 |  | 739 |
Other interest | 689 |  | 559 |  |  | 1,474 |  | 1,499 |
Total cash interest expense | 19,326 |  | 16,080 |  |  | 60,850 |  | 46,959 |
Non-cash interest expense:(a) |  |  |  |  |
Amortization of discount and debt issuance costs on Term Loan B | 509 |  | 528 |  |  | 1,609 |  | 1,549 |
Amortization of debt issuance costs on 2017 Senior Notes | 283 |  | 263 |  |  | 833 |  | 776 |
Amortization of debt issuance costs on Revolver | 195 |  | 144 |  |  | 550 |  | 427 |
Total non-cash interest expense | 987 |  | 935 |  |  | 2,992 |  | 2,752 |
Total interest expense | $ | 20,313 |  | $ | 17,015 |  |  | $ | 63,842 |  | $ | 49,711 |
____________________________________________________________________________________________________ (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 11.10%, respectively, for the nine months ended September 30, 2023.

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