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Long-Term Debt (Tables)

9 Months Ended

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 margin 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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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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