v3.23.2

Debt and Lease Obligations (Tables)

6 Months Ended

Jun. 30, 2023

Debt Disclosure [Abstract]

Schedule of Debt and Lease Obligation

A summary of the carrying value of the debt and lease obligations are as follows:

(In thousands)			June 30, 2023						December 31, 2022
Term loan (7.7% as of June 30, 2023)
2023 Term Loan principal			$	985,000					$	—
2020 Term Loan principal			—						983,221
Unamortized debt premium and issuance costs			(11,257)						(2,563)
			973,743						980,658
Lease obligations			20,846						22,348
Total debt and lease obligations			994,589						1,003,006
Less: Current portion of long term debt and lease obligations			(12,543)						(3,917)
Long-term portion			$	982,046					$	999,089

Schedule of Maturities of Long-term Debt

At June 30, 2023, minimum Term Loan repayments under the Credit Agreement are due as follows:

(In thousands)
2023			$4,925
2024			9,850
2025			9,850
2026			9,850
2027			9,850
Thereafter			940,675

Schedule of Composition of Lease Expenses

The table below shows the composition of lease expense:

			Three Months Ended												Six Months Ended
(In thousands)			June 30, 2023						June 30, 2022						June 30, 2023						June 30, 2022
Operating lease expense			$	1,593					$	1,585					$	3,256					$	3,188
Short-term lease expense			611						461						1,116						834
Variable lease expense			387						391						789						773
			$	2,591					$	2,437					$	5,161					$	4,795

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