XML 51 R39.htm IDEA: XBRL DOCUMENT v3.24.0.1
Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Long-term Debt

As of December 31, 2023 and 2022, long-term debt consisted of the following:

 

 

December 31, 2023

 

 

December 31, 2022

 

 

 

Average
Interest Rate

 

Outstanding
Balance

 

 

Average
Interest Rate

 

Outstanding
Balance

 

Term Loan

 

 

 

$

207,750

 

 

 

 

$

288,750

 

Delayed-Draw Term Loan

 

 

 

 

220,000

 

 

 

 

 

220,000

 

Revolving Credit

 

 

 

 

6,340

 

 

 

 

 

52,616

 

 Total before debt issuance costs

 

6.7%

 

 

434,090

 

 

3.3%

 

 

561,366

 

 Unamortized debt issuance costs

 

 

 

 

(3,683

)

 

 

 

 

(5,032

)

 

 

 

 

$

430,407

 

 

 

 

$

556,334

 

 

 

 

 

 

 

 

 

 

 

 

Current portion of long-term debt

 

 

 

$

26,000

 

 

 

 

$

23,250

 

Long-term debt - non-current

 

 

 

 

404,407

 

 

 

 

 

533,084

 

Total

 

 

 

$

430,407

 

 

 

 

$

556,334

 

 

Schedule of Future Scheduled Repayments of Debt Principal

Future scheduled repayments of debt principal are as follows:

Payments due by

 

Term Loan

 

 

Delayed-Draw Term Loan

 

 

Revolving Credit

 

 

Total

 

December 31, 2024

 

$

15,000

 

 

$

11,000

 

 

$

 

 

$

26,000

 

December 31, 2025

 

 

20,625

 

 

 

15,125

 

 

 

 

 

 

35,750

 

December 31, 2026

 

 

22,500

 

 

 

16,500

 

 

 

 

 

 

39,000

 

December 31, 2027

 

 

149,625

 

 

 

177,375

 

 

 

6,340

 

 

 

333,340

 

 Total

 

$

207,750

 

 

$

220,000

 

 

$

6,340

 

 

$

434,090