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v3.23.2

Note 10 - Financing Arrangements (Tables) | 6 Months Ended
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Jun. 30, 2023
Notes Tables |
Schedule of Debt [Table Text Block] |
Debt consisted of: |  |  |  |  |  |  |  |
Senior Secured Credit Agreement |  | June 30, 2023 |  |  | December 31, 2022 |
Senior term loan facility |  | $ | 332,500 |  |  | $ | 341,250 |
Credit facility |  |  | 17,000 |  |  |  | 17,000 |
Subordinated Credit Agreement |  |  |  |  |  |  |  |
Subordinated credit facility |  |  | 90,000 |  |  |  | 90,000 |
Total debt |  |  | 439,500 |  |  |  | 448,250 |
Unamortized discount and debt issuance fees |  |  | (10,595 | ) |  |  | (11,423 | )
Total debt, net |  |  | 428,905 |  |  |  | 436,827 |
Less: current portion of long-term debt |  |  | (17,500 | ) |  |  | (17,500 | )
Total long-term debt, net |  | $ | 411,405 |  |  | $ | 419,327 |
Schedule of Interest Rate Derivatives [Table Text Block] |
|  | Notional Amount |  |  | Average Fixed Rate |  |  |
|  | June 30, 2023 |  |  | December 31, 2022 |  |  | June 30, 2023 |  |  | December 31, 2022 |  |  | Term
Interest rate swaps |  | $ | 166,250 |  |  | $ | 170,600 |  |  |  | 4.1 | % |  |  | 4.1 | % |  | Extending to May 2027
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block] |
|  | June 30, 2023 |  |  | December 31, 2022 |
Current Assets: |  |  |  |  |  |  |  |
Prepaid and Other |  | $ | 1,879 |  |  | $ | 1,203 |
Long-term liabilities: |  |  |  |  |  |  |  |
Other long-term liabilities |  |  | (1,253 | ) |  |  | (2,012 | )
Total derivatives |  | $ | 626 |  |  | $ | (809 | )
Derivative Instruments, Gain (Loss) [Table Text Block] |
Derivatives in Cash Flow Hedging Relationships |  | Location of (Loss) Gain Recognized in Income on Derivatives |  | Amount of (Loss) Gain Recognized in Income on Derivatives |
|  |  |  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  |  |  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Interest rate swaps |  | Interest Expense |  | $ | 397 |  |  | $ | - |  |  | $ | 588 |  |  | $ | - |
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block] |
Derivatives in Cash Flow Hedging Relationships |  | Amount of (Loss) Gain Recognized in AOCI on Derivatives |  | Location of (Loss) Gain Reclassed from AOCI into Income (Effective Portion) |  | Amount of (Loss) Gain Reclassed from AOCI into Income (Effective Portion) |
|  | Three Months Ended June 30, |  |  |  | Three Months Ended June 30, |
|  | 2023 |  |  | 2022 |  |  |  | 2023 |  |  | 2022 |
Interest rate swaps |  | $ | 3,842 |  |  | $ | - |  | Interest expense |  | $ | (397 | ) |  | $ | - |
Derivatives in Cash Flow Hedging Relationships |  | Amount of (Loss) Gain Recognized in AOCI on Derivatives |  | Location of (Loss) Gain Reclassed from AOCI into Income (Effective Portion) |  | Amount of (Loss) Gain Reclassed from AOCI into Income (Effective Portion) |
|  | Six Months Ended June 30, |  |  |  | Six Months Ended June 30, |
|  | 2023 |  |  | 2022 |  |  |  | 2023 |  |  | 2022 |
Interest rate swaps |  | $ | 2,023 |  |  | $ | - |  | Interest expense |  | $ | (588 | ) |  | $ | - |

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