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Line of Credit, Long-Term Debt and Finance Lease Obligations (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

The carrying value of the Company’s long-term debt was $637.2 million and $989.7 million at December 31, 2022 and 2021, respectively, and consisted of the following (in thousands):


		December 31, 2022
		Principal				Unamortized Debt Issuance Costs				Total
Senior notes		$	400,000			$	(5,069	)		$	394,931
Revolving line of credit			4,000				(1,489	)			2,511
Term A loan			240,625				(827	)			239,798
Total		$	644,625			$	(7,385	)		$	637,240


		December 31, 2021
		Principal				Unamortized Debt Issuance Costs				Total
Senior notes		$	1,000,000			$	(9,712	)		$	990,288
Revolving line of credit			—				(628	)			(628	)
Total		$	1,000,000			$	(10,340	)		$	989,660

Summary of Estimated Fair Value of Notes

The estimated fair value of the Company’s 2027 Notes and 2030 Notes, for relevant periods, were estimated using trading prices as of December 31, 2022 and 2021, respectively, as Level 2 inputs to estimate fair value for relevant periods and are summarized as follows (in thousands):


		December 31,
		2022				2021
2027 Notes		$	—			$	1,047,190
2030 Notes			344,000				—

Schedule of Financial Lease Obligations

The Company redeemed the full principal balance of its 2027 Notes in February 2022.

The Company’s finance lease obligations, related to equipment used in its newborn hearing screen program, consist of the following (in thousands):


		December 31,
		2022				2021
Finance lease obligations		$	11,128			$	14,178
Less: Current portion			(2,398	)			(2,490	)
Long-term portion		$	8,730			$	11,688