Debt (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Schedule of Debt

Debt as of December 31, consisted of the following:

	2023			2022
Term loan facility	$	154,219		$	166,250
Revolving line of credit		—			—
Aircraft loan		10,344			—
Less deferred debt issuance costs		(1,379	)		(1,725	)
Total debt		163,184			164,525
Less current portion of long-term debt		(14,196	)		(12,031	)
Long-term debt, less current portion	$	148,988		$	152,494

Summary of Term Loan Amortization

The 2021 Credit Facility term loan must be repaid in quarterly installments and shall amortize at the following future quarterly rates:

Date	Quarterly Installment Rate
March 31, 2024	1.88%
June 30, 2024	1.88%
September 30, 2024	1.88%
December 31, 2024	1.88%
March 31, 2025	1.88%
June 30, 2025	1.88%
September 30, 2025	1.88%
December 31, 2025	2.50%
March 31, 2026	2.50%
April 27, 2026	Remaining balance

Summary of 2021 Credit Facility Interest Rate Subject to Leverage Ratio and SOFR

The 2021 Credit Facility term loan and the revolver bear interest subject to the applicable spread based on the Company’s leverage ratio and SOFR plus 0.10% as follows:

Pricing Tier	Consolidated Leverage  Ratio	Senior Credit Facilities SOFR Spread			Senior Credit Facilities Base Rate Spread			Commitment Fee			Letter of Credit Fee
1	≥ 3.75x to 1.0		2.50	%		1.50	%		0.25	%		2.50	%
2	<3.75x to 1.0 but ≥ 3.25 to 1.0		2.25			1.25			0.23			2.25
3	<3.25x to 1.0 but ≥ 2.50 to 1.0		2.00			1.00			0.20			2.00
4	<2.50x to 1.0 but ≥ 1.75 to 1.0		1.75			0.75			0.15			1.75
5	<1.75x to 1.0		1.50			0.50			0.15			1.50

Schedule of Aggregate Annual Maturities of Long-Term Debt

December 31,	2021 Credit Facility		Aircraft Loan		Total
2024	$	13,125	$	1,071	$	14,196
2025		14,219		1,149		15,368
2026		126,875		1,230		128,105
2027		—		1,318		1,318
2028		—		5,576		5,576
Total	$	154,219	$	10,344	$	164,563