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Long-term debt (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Schedule of long-term debt

Long-term debt consists of the following at year-end:

						2022						2021
2029 Notes						$	337,200					$	—
2027 Notes						381,265						535,986
2023 Notes						18,224						201,763
Finance lease obligations						5,032						6,139
Other long-term borrowings						—						7,509
Subtotal						741,721						751,397
Discount on 2029 Notes						(4,833)						—
Discount on 2027 Notes						(3,414)						(5,960)
Discount on 2023 Notes						(26)						(687)
Premium on 2029 Notes						461						—
Premium on 2027 Notes						1,506						2,613
Premium on 2023 Notes						9						254
Deferred financing costs						(4,720)						(3,659)
Total						730,704						743,958
Current portion of long-term debt						19,033						4,741
Long-term debt, excluding current portion						$	711,671					$	739,217

The following table presents additional information related to the 2029, 2027 and 2023 Notes (the “Notes”):

															Principal as of December 31,
			Annual interest rate						Currency						2022						2021						Maturity
2029 Notes			6.125		%				USD						$	337,200					$	—					May 27, 2029
2027 Notes			5.875		%				USD						381,265						535,986						April 4, 2027
2023 Notes			6.625		%				USD						18,224						201,763						September 27, 2023

The following table presents additional information for the fiscal years ended December 31, 2022, 2021 and 2020:

						Interest Expense (i)																		DFC Amortization (i)																		Amortization of Premium/Discount, net (i)
						2022						2021						2020						2022						2021						2020						2022						2021						2020
2029 Notes						$	14,299					$	—					$	—					$	342					$	—					$	—					$	715					$	—					$	—
2027 Notes						25,538						32,175						20,269						759						758						402						785						805						133
2023 Notes						6,230						13,768						20,882						297						224						294						388						287						371

(i)These charges are included within “Net interest expense and other financing results” in the consolidated statements of income (loss).

The following table summarizes the activity of 2023 Notes as of December 31, 2022:

Transaction						Date						Principal Amount						Average Price						Early Redemption Price						Total payment (i)
Issuance						September 27, 2013						$	473,767					—						—						$	—
Cash Tender						June 28, 2016						$	(80,000)					98.00		%				101.00		%				$	(80,800)
Cash Tender						April 12, 2017						$	(45,698)					104.00		%				107.00		%				$	(48,885)
Exchange 2023 Notes for additional issuance 2027 Notes						October 13, 2020						$	(131,476)					100.50		%				105.50		%				$	(138,474)
Open market repurchases						During 2021						$	(14,830)					109.45		%				—						$	(16,231)
Cash Tender						April 22, 2022						$	(59,239)					105.36		%				—						$	(62,414)
Optional redemption (ii)						June 10, 2022						$	(123,000)					104.58		%				—						$	(128,636)
Open market repurchases						July 5, 2022						$	(1,300)					102.30		%				—						$	(1,330)
Principal amount of 2023 Notes as of December 31, 2022:												$	18,224

(i) Not including accrued and unpaid interest

(ii) Redemption price established in accordance with the requirements of the indenture governing the 2023 Notes

The following table summarizes the activity of 2027 Notes as of December 31, 2022:

Transaction						Date						Principal Amount						Average Price						Early Redemption Price						Total payment (i)
Issuance						April 4, 2017						$	265,000					—						—						$	—
Additional issuance						September 11, 2020						$	150,000					—						—						$	—
Additional issuance of 2027 Notes related to 2023 exchange						October 13, 2020						$	138,354					—						—						$	—
Open market repurchases						During 2021						$	(17,368)					105.74		%				—						$	(18,364)
Cash Tender						May 13, 2022						$	(150,000)					99.94		%				103.00		%				$	(154,407)
Open market repurchases						During 2022						$	(4,721)					98.01		%				—						$	(4,627)
Principal amount of 2027 Notes as of December 31, 2022:												$	381,265

(i) Not including accrued and unpaid interest

The following table summarizes the activity of 2029 Notes as of December 31, 2022:

Transaction						Date						Principal Amount						Average Price												Total payment (i)
Issuance						April 27, 2022						$	350,000					—												$	—
Open market repurchases						During 2022						$	(12,800)					93.87		%										$	(12,015)
Principal amount of 2029 Notes as of December 31, 2022:												$	337,200

(i) Not including accrued and unpaid interest

Schedule of future payments related to long-term debt

At December 31, 2022, future payments related to the Company’s long-term debt are as follows:

						Principal						Interest						Total
2023						$	19,061					$	44,574					$	63,635
2024						875						43,338						44,213
2025						685						43,304						43,989
2026						128						43,293						43,421
2027						381,393						32,092						413,485
Thereafter						339,579						31,905						371,484
Total payments						741,721						238,506						980,227
Interest						—						(238,506)						(238,506)
Discount on 2029 Notes						(4,833)						—						(4,833)
Discount on 2027 Notes						(3,414)						—						(3,414)
Discount on 2023 Notes						(26)						—						(26)
Premium on 2029 Notes						461						—						461
Premium on 2027 Notes						1,506						—						1,506
Premium on 2023 Notes						9						—						9
Deferred financing cost						(4,720)						—						(4,720)
Long-term debt						$	730,704					$	—					$	730,704

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