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Debt Obligations (Tables)
12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt
Outstanding debt obligations as of December 31, 2022 and 2021 consisted of the following:
(in thousands)December 31, 2022December 31, 2021
Credit Agreement:
Term facility - matures April 27, 2027, interest rate of 9.82% and 6.75% at December 31, 2022 and 2021, respectively
$610,700 $616,900 
Revolving credit facility - $40.0 million line, matures April 27, 2026, interest rate of 8.82% and 5.75% at December 31, 2022 and 2021, respectively
12,500 15,000 
Total debt obligations623,200 631,900 
Less: current portion of long-term debt(6,200)(6,200)
Less: unamortized debt discounts and deferred financing costs(18,074)(21,595)
Long-term debt, net$598,926 $604,105 
Schedule of Maturities of Long-Term Debt
Based on terms and conditions existing at December 31, 2022, future minimum principal payments for long-term debt are as follows:
(in thousands)Revolving Credit Facility
December 31,Term FacilityTotal Principal Due
2023$6,200 $— $6,200 
20246,200 — 6,200 
20256,200 — 6,200 
20266,200 12,500 18,700 
2027585,900 — 585,900 
Total$610,700 $12,500 $623,200 
Interest Expense Disclosure
Twelve Months Ended December 31,
(in thousands)202220212020
Interest expense(1)
$53,554 $36,485 $44,839 
(1)Included in this amount is $0.9 million of interest expense related to the accretion of contingent considerations from acquisitions.