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Notes Payable | 12 Months Ended
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Dec. 31, 2022
Debt Disclosure [Abstract] |
Notes Payable | Note 14 – Notes Payable The carrying amounts of the Company's notes payable in its Condensed Consolidated Balance Sheets were as follows:
|  | Fair Value as of |  |  | Carrying Value as of |  |  | Carrying Value as of |
(In thousands) |  | December 31, 2022 |  |  | December 31, 2022 |  |  | December 31, 2021 |
Syndicated credit agreement note payable |  | $ | 24,598 |  |  | $ | 24,598 |  |  | $ | — |
Deutsche Bank term loan |  |  | — |  |  |  | — |  |  |  | — |
Total Notes Payable |  | $ | 24,598 |  |  | $ | 24,598 |  |  | $ | — |
Syndicated Credit Agreement Note Payable In September 2018, ADVA entered into a syndicated credit agreement with Bayerische Landesbank and Deutsche Bank AG Branch German Business to borrow $63.7 million. As of December 31, 2022, the amount outstanding under the note payable is $24.6 million. The interest rate for the note payable is adjusted periodically based on a defined leverage ratio and is currently 2.49% as of December 31, 2022. The note payable matures in September 2023. Deutsche Bank Term Loan In October 2019, ADVA entered into a $9.8 million term loan with Deutsche Bank that bears interest of EURIBOR plus 1.1%. The term loan matured in September 2022 and was repaid as of December 31, 2022.

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