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Long-term Debt (Tables)
12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Fair Value of Company’s Long-term Debt Obligations

The fair value of the Company’s long-term debt obligations approximated their book value as of December 31, 2021 and 2020 (Successor) and consisted of the following (in thousands):

 

 

Successor

 

 

Successor

 

 

 

December 31,
2021

 

 

December 31,
2020

 

Successor First Lien Credit Facility

 

$

564,724

 

 

$

666,650

 

Successor Second Lien Credit Facility

 

 

 

 

 

145,000

 

Total debt

 

 

564,724

 

 

 

811,650

 

Less: Current portion of long-term debt

 

 

 

 

 

(6,700

)

Total long-term debt

 

 

564,724

 

 

 

804,950

 

Less: Deferred financing costs

 

 

(9,879

)

 

 

(26,345

)

Long-term debt, net

 

$

554,845

 

 

$

778,605

 

Schedule of Future Maturities of Long-term Debt

Scheduled maturities of long-term debt as of December 31, 2021 (Successor), are as follows (in thousands):

Years Ending December 31,

 

 

 

2022

 

$

 

2023

 

 

 

2024

 

 

 

2025

 

 

 

2026

 

 

 

Thereafter

 

 

564,724

 

 

 

$

564,724