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Long-Term Debt (Tables) | 12 Months Ended
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Dec. 31, 2024
Long-Term Debt [Abstract] |
Debt Facilities | The following table summarizes the Company’s debt facilities as of December 31, 2024 and 2023:
Facility or Arrangement |  | Original Principal Amount |  | Balance as of December 31, 2024 (1)(2) |  | Balance as of December 31, 2023 (1)(2) |  | Interest Rate |  | Repayment Terms
Credit Agreement term loan facility |  | $400.0 million |  | $360.0 million |  | $385.0 million |  | Variable 30 day: 6.71% |  | 21% of the principal amount is payable in increasing quarterly installments over a five-year period that began on September 30, 2022, with the remainder payable at the end of the five-year term.
Credit Agreement revolving credit facility |  |  |  | $35.0 million |  | $120.0 million |  | Variable 30 day: 6.71% |  | Revolving line of credit expires June 14, 2027.
(1) | As of December 31, 2024 and 2023, the current portion of the Company’s debt (i.e. becoming due in the next 12 months) included $20.0 million and $25.0 million, respectively, of the balance of its term loan under the Credit Agreement and $10.0 and $0, respectively, of the balance under the revolving line of credit.
(2) | The carrying value of the debt reflects the amounts stated in the above table, less debt issuance costs of $1.4 million and $2.0 million as of December 31, 2024 and 2023, respectively, related to the Credit Agreement, which are not reflected in this table.
Maturities of Long-Term Debt | Maturities of all long-term debt at December 31, 2024, are as follows (U.S. dollars in thousands):
Year Ending December 31, |  |  |
2025 |  | $ | 30,000 |
2026 |  |  | 20,000 |
2027 |  |  | 345,000 |
2028 |  |  | — |
2029 |  |  | — |
Thereafter |  |  | — |
Total (1) |  | $ | 395,000 |
(1) | The carrying value of the debt in the above table excludes debt issuance costs of $1.4 million.

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