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Credit Facility, Bank Loans, and Lines of Credit (Tables) | 12 Months Ended
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Dec. 31, 2024
Debt Disclosure [Abstract] |
Schedule of Credit Facility | The Company’s debt balance consists of the following (in thousands):
|  | December 31, 2024 |  |  | December 31, 2023 |
Term Loan |  | $ | 281,500 |  |  | $ | 280,000 |
Revolver Loan |  |  | 146,732 |  |  |  | — |
Promissory Note Payable |  |  | 9,875 |  |  |  | 2,000 |
Total debt |  |  | 438,107 |  |  |  | 282,000 |
Less: Current portion of debt |  |  | (9,375 | ) |  |  | (19,500 | )
Less: Unamortized financing costs |  |  | (3,433 | ) |  |  | (3,561 | )
Long-term debt |  | $ | 425,299 |  |  | $ | 258,939 |
Schedule of Future Commitments of Credit Facility | The following are the future commitments, as of December 31, 2024, of the Company’s debt for the years ending December 31 (in thousands):
|  | Amount |
2025* |  | $ | 16,875 |
2026 |  |  | 169,232 |
2027 |  |  | 34,250 |
2028 |  |  | 217,750 |
Total |  | $ | 438,107 |
* Of the future commitments in 2025, $9.4 million was classified within current portion of long-term debt on the consolidated balance sheets as a result of the refinancing as a part of the Second Amended and Restated Credit Agreement (see “Credit Facility” below for definition) with Truist Bank on February 26, 2025 (see Note 22—“Subsequent Events”). This portion represents the portion of the short-term obligation as of December 31, 2024 that was not extended into a long-term obligation through the refinancing.

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- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
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- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-1 + Details
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