Long-term Debt (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Summary of the Company's Long-term Debt

The following table provides a summary of the Company’s long-term debt at December 31:

($ in thousands)	2022			2021
2021 Term Loan, due 2028	$	886,106		$	895,125
Senior Notes, due 2029		350,000			350,000
PPP Loan		—			2,933
Revolver		—			25,000
Less: original issue discounts		(5,637	)		(6,753	)
Less: unamortized deferred financing costs		(18,489	)		(22,551	)
Total long-term debt		1,211,980			1,243,754
Less: current portion of long-term debt		(21,935	)		(36,952	)
Total long-term debt, net of current portion	$	1,190,045		$	1,206,802

Scheduled Aggregate Future Principal and Interest Payments of Long-term Debt

The following table presents the aggregate principal and interest payments in future years on long-term debt as of December 31, 2022:

($ in thousands)	Principal		Interest (1)
2023	$	21,935	$	87,755
2024		9,019		87,056
2025		9,019		86,172
2026		9,019		85,474
2027		9,019		84,775
Thereafter		1,178,095		33,015
Total	$	1,236,106	$	464,247

(1) The variable interest rate in effect as of December 31, 2022 was used to calculate interest payments for the 2021 Term Loan.

Schedule of Consolidated First Lien Net Leverage Ratio and Applicable Prepayment Percentage

In addition, the 2021 Term Loan requires mandatory prepayments equal to the product of the excess cash flows of the Company (as defined in the 2021 Term Loan agreement) and the applicable prepayment percentages (calculated as of the last day of the fiscal year, beginning with the year ending December 31, 2022), as set forth in the following table:

Consolidated First Lien Net Leverage Ratio (As Defined by the 2021 Term Loan Agreement)	Applicable Prepayment Percentage
> 3.70:1.00	50%
< 3.70:1.00 and > 3.20:1.00	25%
< 3.20:1.00	0%

Summary of Senior Notes Redemption Prices Set Forth in Percentages by Year

On or after April 15, 2024, the Company may redeem all or a portion of the Senior Notes at the redemption prices set forth below in percentages by year, plus accrued and unpaid interest:

Year	Percentage
2024	102.750%
2025	101.375%
2026 and thereafter	100.000%