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Long-Term Debt (Tables) | 9 Months Ended
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Sep. 30, 2023
Debt Disclosure [Abstract] |
Schedule of Long-Term Debt | Long-term debt consisted of the following as of:
| September 30, |  | December 31,
| 2023 |  | 2022
| (in thousands)
Term notes with interest payable monthly, interest rate at Adjusted SOFR or Alternative Base Rate (“ABR”), plus an applicable mar gin of 3.25% (8.69554% at September 30, 2023) quarterly principal payments of 0.25% of original principal balance with balloon payment due July 2028 | $ | 539,000 |  |  | $ | 543,125 |
Revolver with interest payable monthly, interest rate at Adjusted SOFR or ABR, plus an applicable margin of 3.25% (8.68056% at September 30, 2023), and outstanding balance due July 2026 | — |  |  | — |
Principal debt | 539,000 |  |  | 543,125 |
Deferred financing costs on long-term debt | (4,210) |  |  | (4,900) |
Discount on long-term debt | (1,528) |  |  | (1,779) |
Total debt | 533,262 |  |  | 536,446 |
Less current maturities | 5,500 |  |  | 5,500 |
Long-term portion | $ | 527,762 |  |  | $ | 530,946 |
Schedule of Maturities of Long-term Debt | Aggregate maturities of the Company’s debt for the years ending December 31 are as follows as of September 30, 2023 (in thousands):
Year ending December 31: |
2023 (remainder of year) | $ | 1,375 |
2024 | 5,500 |
2025 | 5,500 |
2026 | 5,500 |
2027 | 5,500 |
Thereafter | 515,625 |
Total aggregate maturities of the Company’s debt | $ | 539,000 |

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