XML 50 R37.htm IDEA: XBRL DOCUMENT v3.22.4
Debt (Tables)
12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Components of Debt
The Company’s borrowings consist of the following:
As of December 31
(in thousands)MaturitiesStated Interest RateEffective Interest Rate20222021
Unsecured notes (1)
20265.75%5.75%$397,548 $396,830 
Revolving credit facility
2027
1.61% - 7.88%
3.16%200,236 209,643 
Truist Bank commercial note (2)
2031
1.85% - 5.77%
3.39%23,522 24,504 
Truist Bank commercial note
2032
2.10% - 6.17%
3.71%66,513 22,500 
Truist Bank commercial note (3)
2032
3.49% - 5.92%
4.78%26,548 — 
Pinnacle Bank term loan20244.15%4.19%8,433 9,558 
Other indebtedness2025 - 2030
0.00% - 16.00%
3,560 4,466 
Total Debt726,360 667,501 
Less: current portion(155,813)(141,749)
Total Long-Term Debt$570,547 $525,752 
____________
(1)    The carrying value is net of $2.5 million and $3.2 million of unamortized debt issuance costs as of December 31, 2022 and 2021, respectively.
(2)    The carrying value is net of $0.1 million of unamortized debt issuance costs as of December 31, 2022 and 2021.
(3)    The carrying value is net of $0.1 million of unamortized debt issuance costs as of December 31, 2022.