Debt (Tables)

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Schedule of Debt

Debt consisted of the following:

	March 31,			December 31,
	2024			2023
Term loan facility	$	200,938		$	154,219
Revolving line of credit		88,195		—
Aircraft loan		10,084			10,344
Less deferred debt issuance costs		(1,554	)		(1,379	)
Total debt		297,663			163,184
Less current portion of long-term debt		(16,715	)		(14,196	)
Long-term debt, less current portion	$	280,948		$	148,988

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:

	Quarterly Installment Rate
Date	2021 Credit Facility Term Loan	Additional Term Loan
June 30, 2024	1.88%	1.25%
September 30, 2024	1.88%	1.25%
December 31, 2024	1.88%	1.25%
March 31, 2025	1.88%	1.25%
June 30, 2025	1.88%	1.25%
September 30, 2025	1.88%	1.25%
December 31, 2025	2.50%	1.25%
March 31, 2026	2.50%	1.88%
April 27, 2026	Remaining balance	Remaining balance

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

The 2021 Credit Facility term loan and the revolving line of credit bear interest subject to the applicable spread based on 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

The following is a schedule of the aggregate annual maturities of long-term debt presented on the unaudited condensed consolidated statement of financial position, gross of deferred debt issuance cost of $1.6 million, based on the terms of the 2021 Credit Facility and the Aircraft Loan:

	2021 Credit Facility
March 31,	Term Loan		Revolver		Aircraft Loan		Total
2025	$	15,625		—	$	1,090	$	16,715
2026		18,126		88,195		1,169		107,490
2027		167,187		—		1,251		168,438
2028		—		—		1,341		1,341
2029		—		—		5,233		5,233
Total	$	200,938	$	88,195	$	10,084	$	299,217