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v3.24.3

Financial Commitments (Tables) | 9 Months Ended
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Sep. 30, 2024
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, 2024 |  | As of December 31, 2023
2024 Senior Notes |  | $ | 377,105 |  |  | $ | — |
2017 Senior Notes |  | — |  |  | 498,410 |
Term Loan B |  | 265,801 |  |  | 357,744 |
Revolver |  | — |  |  | — |
Equipment financing and mortgages |  | 28,064 |  |  | 34,807 |
Other indebtedness |  | 10,460 |  |  | 8,784 |
Total debt |  | 681,430 |  |  | 899,745 |
Less: Current maturities(a) |  | 25,724 |  |  | 117,431 |
Long-term debt, net |  | $ | 655,706 |  |  | $ | 782,314 |
____________________________________________________________________________________________________ (a)Cu rrent maturities at December 31, 2023 included the $91.0 million principal prepayment on the Term Loan B that was made in February 2024.
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, 2024 and December 31, 2023:
| As of September 30, 2024 |  | As of December 31, 2023
(in thousands) | Outstanding Debt | Unamortized Discounts and Issuance Costs | Debt, as reported |  | Outstanding Debt | Unamortized Discounts and Issuance Costs | Debt, as reported
2024 Senior Notes | $ | 400,000 |  | $ | (22,895) |  | $ | 377,105 |  |  | $ | — |  | $ | — |  | $ | — |
2017 Senior Notes | — |  | — |  | — |  |  | 500,000 |  | (1,590) |  | 498,410 |
Term Loan B | 272,926 |  | (7,125) |  | 265,801 |  |  | 367,154 |  | (9,410) |  | 357,744 |
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) | 2024 | 2023 |  | 2024 | 2023
Cash interest expense: |  |  |  |  |
Interest on Term Loan B | $ | 7,121 |  | $ | 9,674 |  |  | $ | 22,693 |  | $ | 28,673 |
Interest on 2024 Senior Notes | 11,875 |  | — |  |  | 20,583 |  | — |
Interest on 2017 Senior Notes | — |  | 8,594 |  |  | 11,554 |  | 25,782 |
Interest on Revolver | 20 |  | 369 |  |  | 993 |  | 4,921 |
Other interest | 686 |  | 689 |  |  | 1,904 |  | 1,474 |
Total cash interest expense | 19,702 |  | 19,326 |  |  | 57,727 |  | 60,850 |
Non-cash interest expense:(a) |  |  |  |  |
Amortization of discount and debt issuance costs on Term Loan B | 494 |  | 509 |  |  | 2,285 |  | 1,609 |
Amortization of debt issuance costs on 2024 Senior Notes | 887 |  | — |  |  | 1,519 |  | — |
Non-cash portion of loss on extinguishment | — |  | — |  |  | 1,198 |  | — |
Amortization of debt issuance costs on Revolver | 140 |  | 195 |  |  | 493 |  | 550 |
Amortization of debt issuance costs on 2017 Senior Notes | — |  | 283 |  |  | 392 |  | 833 |
Total non-cash interest expense | 1,521 |  | 987 |  |  | 5,887 |  | 2,992 |
Total interest expense | $ | 21,223 |  | $ | 20,313 |  |  | $ | 63,614 |  | $ | 63,842 |
____________________________________________________________________________________________________ (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 2024 Senior Notes, 2017 Senior Notes and Term Loan B were 13.56%, 7.13% and 12.00%, respec tively, for the nine months ended September 30, 2024.

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