Financial Commitments (Tables)

3 Months Ended

Mar. 31, 2022

Debt Disclosure [Abstract]

Long-Term Debt

Long-term debt as reported on the Condensed Consolidated Balance Sheets consisted of the following:

(in thousands)	As of March 31, 2022		As of December 31, 2021
2017 Senior Notes	$	496,498	$	496,244
Term Loan B	405,777		406,335
2020 Revolver	41,000		27,000
Equipment financing and mortgages	55,700		56,246
Other indebtedness	4,079		7,829
Total debt	1,003,054		993,654
Less: Current maturities	23,285		24,406
Long-term debt, net	$	979,769	$	969,248

Reconciliation of Outstanding Debt Balance to Reported Debt Balance

The following table reconciles the outstanding debt balances to the reported debt balances as of March 31, 2022 and December 31, 2021:

	As of March 31, 2022						As of December 31, 2021
(in thousands)	Outstanding Debt		Unamortized Discounts and Issuance Costs		Debt, as reported		Outstanding Debt		Unamortized Discounts and Issuance Costs		Debt, as reported
2017 Senior Notes	$	500,000	$	(3,502)	$	496,498	$	500,000	$	(3,756)	$	496,244
Term Loan B	418,625		(12,848)		405,777		419,688		(13,353)		406,335

Summary of Interest Expense as Reported in the Consolidated Statements of Operations

Interest expense as reported in the Condensed Consolidated Statements of Operations consisted of the following:

	Three Months Ended March 31,
(in thousands)	2022		2021
Cash interest expense:
Interest on 2017 Senior Notes	$	8,594	$	8,594
Interest on Term Loan B	6,033		6,094
Interest on 2020 Revolver	503		121
Interest on Convertible Notes	—		503
Other interest	461		481
Total cash interest expense	15,591		15,793
Non-cash interest expense:(a)
Amortization of discount and debt issuance costs on Convertible Notes	—		1,099
Amortization of discount and debt issuance costs on Term Loan B	505		539
Amortization of debt issuance costs on 2020 Revolver	142		142
Amortization of debt issuance costs on 2017 Senior Notes	254		237
Total non-cash interest expense	901		2,017
Total interest expense	$	16,492	$	17,810

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(a)The combination of cash and non-cash interest expense produces effective interest rates that are higher than contractual rates. Accordingly, the effective interest rates for the 2017 Senior Notes and Term Loan B were 7.13% and 6.43%, respectively, for the three months ended March 31, 2022.