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Credit Facility and Acquisition Debt (Tables)
 6 Months Ended
Jun. 30, 2024
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
Our Credit Facility and acquisition debt consisted of the following (in thousands):
June 30, 2024December 31, 2023
Credit Facility$155,000 $179,100 
Debt issuance costs, net of accumulated amortization of $2,754 and $2,478, respectively
(1,030)(1,306)
Total Credit Facility$153,970 $177,794 
Acquisition debt$5,959 $5,998 
Less: current portion(571)(537)
Total acquisition debt, net of current portion$5,388 $5,461 
The imputed interest expense related to our acquisition debt is as follows (in thousands):
Three months ended June 30,Six months ended June 30,
2024202320242023
Acquisition debt imputed interest expense$103 $71 $207 $142 
The interest expense and amortization of debt discount and debt issuance costs related to our Senior Notes are as follows (in thousands):
Three months ended June 30,Six months ended June 30,
2024202320242023
Senior Notes interest expense$4,250 $4,250 $8,500 $8,500 
Senior Notes amortization of debt discount134 128 266 255 
Senior Notes amortization of debt issuance costs38 37 76 73 
As of the effective date of the Credit Facility, as amended, and through and including the date the Company’s compliance certificate is delivered for the fiscal quarter ending June 30, 2024, interest accrues on amounts outstanding under the Credit Facility based on Pricing Level 4 set forth below, and thereafter based on the Company’s Total Leverage Ratio (as defined in the Credit Facility), in accordance with the following pricing grid:
Applicable Rate
Pricing
Level
Total Leverage Ratio
Term SOFR / Letter of Credit Fees
Base
Rate
1
< 3.00:1.00
1.625%
0.625%
2
< 3.50:1.00 but ≥ 3.00:1.00
1.875%
0.875%
3
< 4.25:1.00 but ≥ 3.50:1.00
2.125%
1.125%
4
≥ 4.25:1.00
2.500%
1.500%
Schedule of Line of Credit Facilities
The interest expense and amortization of debt issuance costs related to our Credit Facility are as follows (in thousands):
Three months ended June 30,Six months ended June 30,
2024202320242023
Credit Facility interest expense$3,523 $4,668 $7,439 $8,479 
Credit Facility amortization of debt issuance costs138 138 276 276