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Debt (Tables)
12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Summary of Debt

Our debt consisted of the following (in thousands):

 

 

December 31,

 

 

 

2023

 

 

2022

 

X

 

 

 

 

 

 

Term Loan (variable rate) due September 2026

 

$

199,000

 

 

$

240,000

 

Debt discount and issuance cost, net of amortization

 

 

(804

)

 

 

(1,335

)

Total debt

 

 

198,196

 

 

 

238,665

 

Less: debt maturing within one year, net

 

 

12,190

 

 

 

6,495

 

Long-term debt, net

 

$

186,006

 

 

$

232,170

 

Summary of Interest Expense Recognized

The following table summarizes the interest expense recognized for all periods presented (in thousands):

 

 

Years Ended December 31,

 

 

 

2023

 

 

2022

 

 

2021

 

 

 

 

 

 

 

 

 

 

 

First Lien Credit and Guaranty Agreement:

 

 

 

 

 

 

 

 

 

Contractual interest expense for term loan

 

$

 

 

$

 

 

$

9,818

 

Amortization of debt discount and issuance cost

 

 

 

 

 

 

 

 

1,343

 

Loss on debt extinguishment

 

 

 

 

 

 

 

 

4,904

 

Credit Agreement:

 

 

 

 

 

 

 

 

 

Contractual interest expense for term loan

 

 

16,362

 

 

 

7,818

 

 

 

1,113

 

Contractual interest expense for revolving facility

 

 

 

 

 

1,141

 

 

 

53

 

Amortization of debt discount and issuance cost

 

 

679

 

 

 

398

 

 

 

115

 

Other

 

 

379

 

 

 

203

 

 

 

327

 

Total interest expense

 

$

17,420

 

 

$

9,560

 

 

$

17,673

 

Summary of Future Principal Payments under Total Long-term Debt

The future principal payments under our total long-term debt as of December 31, 2023 are as follows (in thousands):

 

 

Amounts

 

 

 

 

 

2024

 

$

12,500

 

2025

 

 

12,500

 

2026

 

 

174,000

 

2027

 

 

 

2028

 

 

 

Total debt

 

$

199,000