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Financial Commitments (Tables) | 12 Months Ended
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Dec. 31, 2024
Debt Disclosure [Abstract] |
Schedule of Long-Term Debt | Long-term debt as reported on the Consolidated Balance Sheets consisted of the following:
| As of December 31,
(in thousands) | 2024 |  | 2023
2024 Senior Notes | $ | 378,023 |  |  | $ | — |
2017 Senior Notes | — |  |  | 498,410 |
Term Loan B | 121,863 |  |  | 357,744 |
Revolver | — |  |  | — |
Equipment financing and mortgages | 25,038 |  |  | 34,807 |
Other indebtedness | 9,214 |  |  | 8,784 |
Total debt | 534,138 |  |  | 899,745 |
Less: Current maturit ies(a) | 24,113 |  |  | 117,431 |
Long-term debt, net | $ | 510,025 |  |  | $ | 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 December 31, 2024 and 2023:
| As of December 31, 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 |  | $ | (21,977) |  | $ | 378,023 |  |  | $ | — |  | $ | — |  | $ | — |
2017 Senior Notes | — |  | — |  | — |  |  | 500,000 |  | (1,590) |  | 498,410 |
Term Loan B | 121,863 |  | — |  | 121,863 |  |  | 367,154 |  | (9,410) |  | 357,744 |
Schedule of 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) |
2025 | $ | 24,113 |
2026 | 11,120 |
2027 | 115,726 |
2028 | 1,721 |
2029 | 401,213 |
Thereafter | 2,222 |
| 556,115 |
Less: Unamortized discounts and issuance costs | 21,977 |
Total | $ | 534,138 |
Schedule 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) | 2024 |  | 2023 |  | 2022
Cash interest expense: |  |  |  |  |
Interest on Term Loan B | $ | 27,452 |  |  | $ | 38,266 |  |  | $ | 27,880 |
Interest on 2024 Senior Notes | 32,458 |  |  | — |  |  | — |
Interest on 2017 Senior Notes | 11,554 |  |  | 34,375 |  |  | 34,375 |
Interest on Revolver | 1,194 |  |  | 4,924 |  |  | 1,642 |
Other interest | 2,407 |  |  | 2,134 |  |  | 2,044 |
Total cash interest expense | 75,065 |  |  | 79,699 |  |  | 65,941 |
Non-cash interest expense(a): |  |  |  |  |
Amortization of discount and debt issuance costs on Term Loan B | 9,410 |  |  | 3,592 |  |  | 2,084 |
Amortization of debt issuance costs on Revolver | 632 |  |  | 745 |  |  | 568 |
Amortization of debt issuance costs on 2024 Senior Notes | 2,436 |  |  | — |  |  | — |
Amortization of debt issuance costs on 2017 Senior Notes | 392 |  |  | 1,121 |  |  | 1,045 |
Non-cash portion of loss on extinguishment | 1,198 |  |  | — |  |  | — |
Total non-cash interest expense | 14,068 |  |  | 5,458 |  |  | 3,697 |
Total interest expense | $ | 89,133 |  |  | $ | 85,157 |  |  | $ | 69,638 |
_____________________________________________________________________________________________________________ (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 14.79%, r espectively, for the year ended December 31, 2024.

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