Financial Commitments (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2022		As of December 31, 2021
2017 Senior Notes	$	497,020	$	496,244
Term Loan B	404,696		406,335
2020 Revolver	—		27,000
Equipment financing and mortgages	50,412		56,246
Other indebtedness	9,006		7,829
Total debt	961,134		993,654
Less: Current maturities	26,875		24,406
Long-term debt, net	$	934,259	$	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 September 30, 2022 and December 31, 2021:

	As of September 30, 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	$	(2,980)	$	497,020	$	500,000	$	(3,756)	$	496,244
Term Loan B	416,500		(11,804)		404,696		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 September 30,				Nine Months Ended September 30,
(in thousands)	2022		2021		2022		2021
Cash interest expense:
Interest on 2017 Senior Notes	$	8,593	$	8,594	$	25,781	$	25,781
Interest on Term Loan B	6,822		6,198		18,940		18,407
Interest on 2020 Revolver	106		436		739		1,109
Interest on Convertible Notes	—		—		—		921
Other interest	559		532		1,499		1,422
Total cash interest expense	16,080		15,760		46,959		47,640
Non-cash interest expense:(a)
Amortization of discount and debt issuance costs on Convertible Notes	—		—		—		2,040
Amortization of discount and debt issuance costs on Term Loan B	528		547		1,549		1,613
Amortization of debt issuance costs on 2020 Revolver	144		142		427		426
Amortization of debt issuance costs on 2017 Senior Notes	263		245		776		723
Total non-cash interest expense	935		934		2,752		4,802
Total interest expense	$	17,015	$	16,694	$	49,711	$	52,442

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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 nine months ended September 30, 2022.