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v3.25.1

Financial Commitments (Tables) | 3 Months Ended
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Mar. 31, 2025
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, 2025 |  | As of December 31, 2024
2024 Senior Notes |  | $ | 378,971 |  |  | $ | 378,023 |
Term Loan B |  | — |  |  | 121,863 |
Revolver |  | — |  |  | — |
Equipment financing and mortgages |  | 22,180 |  |  | 25,038 |
Other indebtedness |  | 4,441 |  |  | 9,214 |
Total debt |  | 405,592 |  |  | 534,138 |
Less: Current maturities |  | 13,842 |  |  | 24,113 |
Long-term debt, net |  | $ | 391,750 |  |  | $ | 510,025 |
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, 2025 and December 31, 2024:
| As of March 31, 2025 |  | As of December 31, 2024
(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 |  | $ | (21,029) |  | $ | 378,971 |  |  | $ | 400,000 |  | $ | (21,977) |  | $ | 378,023 |
Term Loan B | — |  | — |  | — |  |  | 121,863 |  | — |  | 121,863 |
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) | 2025 | 2024 |  |  |
Cash interest expense: |  |  |  |  |
Interest on Term Loan B | $ | 876 |  | $ | 8,488 |  |  |  |
Interest on 2024 Senior Notes | 11,875 |  | — |  |  |  |
Interest on 2017 Senior Notes | — |  | 8,594 |  |  |  |
Interest on Revolver | 121 |  | — |  |  |  |
Other interest | 392 |  | 419 |  |  |  |
Total cash interest expense | 13,264 |  | 17,501 |  |  |  |
Non-cash interest expense:(a) |  |  |  |  |
Amortization of discount and debt issuance costs on Term Loan B | — |  | 1,318 |  |  |  |
Amortization of debt issuance costs on Revolver | 140 |  | 195 |  |  |  |
Amortization of debt issuance costs on 2024 Senior Notes | 948 |  | — |  |  |  |
Amortization of debt issuance costs on 2017 Senior Notes | — |  | 293 |  |  |  |
Total non-cash interest expense | 1,088 |  | 1,806 |  |  |  |
Total interest expense | $ | 14,352 |  | $ | 19,307 |  |  |  |
____________________________________________________________________________________________________ (a)The combination of cash and non-cash interest expense produces effective interest rates that are higher than contractual rates. Accordingly, the effective interest rate for the 2024 Senior Notes was 13.56% for the three months ended March 31, 2025.

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