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Debt and Short-Term Borrowings (Tables)
 6 Months Ended
Jun. 30, 2024
Debt Disclosure [Abstract]  
Summary of total debt
Debt at June 30, 2024 and December 31, 2023 was as follows:
(In thousands)June 30, 2024December 31, 2023
2027 Term A Loan bearing interest at a variable interest rate (SOFR plus applicable margin(1)(2))
$438,021 $449,450 
2030 Term B Loan bearing interest at a variable interest rate (SOFR plus applicable margin(1)(3))
521,847 521,233 
Deferred consideration from Business Combinations11,505 19,467 
Note payable due September 1, 2030(1)
7,325 7,403 
Total debt$978,698 $997,553 
 
(1)Net of unaccreted discount and unamortized debt issue costs, as applicable.
(2)Subject to a minimum rate ("SOFR floor") of 0.00% plus applicable margin of 2.00% at June 30, 2024 and 1.50% at December 31, 2023.
(3)Subject to a SOFR floor of 0.50% plus applicable margin of 3.25% at June 30, 2024 and an applicable margin of 3.50% at December 31, 2023.
Summary of interest rate swap transaction
Swap AgreementEffective date  Maturity Date  Notional Amount  Variable Rate  Fixed Rate
2018 SwapApril 2020November 2024$250 million1-month SOFR2.929%
2023 SwapNovember 2024December 2027$250 million1-month SOFR3.375%
2024 SwapMarch 2024October 2027$150 million1-month SOFR4.182%
2024 SwapMarch 2024October 2027$150 million1-month SOFR4.172%