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Debt (Tables)

12 Months Ended

Dec. 31, 2021

The Company’s consolidated debt obligations consisted of the following at the dates indicated:


	December 31,
	2021		2020

	(In thousands)
Revolving Credit Facility (1)	$	230,000	$	255,000
Paycheck Protection Program loan (2)		—		5,516
Total long-term debt	$	230,000	$	260,516

(1)	The carrying amount of the Company’s Revolving Credit Facility approximates fair value because the interest rates are variable and reflective of market rates.

(2)	See below for additional information regarding the receipt and the forgiveness of the paycheck protection program loan.

Summary of Weighted-Average Interest Rates Paid on Variable-Rate Debt Obligations

The following table presents the weighted-average interest rates paid on variable-rate debt obligations for the periods presented:


	For the Year Ended
	December 31,
	2021		2020
Revolving Credit Facility	3.65	%	3.63	%

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details