Financial Commitments (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Long-Term Debt

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

	As of December 31,
(in thousands)	2022		2021
2017 Senior Notes	$	497,289	$	496,244
Term Loan B	404,169		406,335
Revolver	—		27,000
Equipment financing and mortgages	48,681		56,246
Other indebtedness	8,300		7,829
Total debt	958,439		993,654
Less: Current maturities(a)	70,285		24,406
Long-term debt, net	$	888,154	$	969,248

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(a)Current maturities at December 31, 2022 includes an expected $44.0 million principal prepayment on the Term Loan B.

Reconciliation of Outstanding Debt Balance to Reported Debt Balance

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

	As of December 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	$	(2,711)	$	497,289	$	500,000	$	(3,756)	$	496,244
Term Loan B	415,438		(11,269)		404,169		419,688		(13,353)		406,335

Principal Payments of Long-Term Debt

The following table presents the future principal payments required under all of the Company’s debt obligations, discussed above:

Year (in thousands)
2023	$	70,285
2024	17,744
2025	514,448
2026	10,330
2027	355,904
Thereafter	3,708
	972,419
Less: Unamortized discounts and issuance costs	13,980
Total	$	958,439

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

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

	For the year ended December 31,
(in thousands)	2022		2021		2020
Cash interest expense:
Interest on 2017 Senior Notes	$	34,375	$	34,375	$	34,375
Interest on Term Loan B	27,880		24,590		9,028
Interest on Revolver	1,642		1,479		77
Interest on 2017 Credit Facility	—		—		5,341
Interest on Convertible Notes	—		921		4,373
Other interest	2,044		1,905		2,079
Cash portion of loss on extinguishment	—		—		786
Total cash interest expense	65,941		63,270		56,059
Non-cash interest expense(a):
Amortization of discount and debt issuance costs on Term Loan B	2,084		2,175		784
Amortization of debt issuance costs on 2017 Senior Notes	1,045		973		906
Amortization of debt issuance costs on Revolver	568		568		206
Amortization of discount and debt issuance costs on Convertible Notes	—		2,040		8,944
Amortization of debt issuance costs on 2017 Credit Facility	—		—		1,001
Non-cash portion of loss on extinguishment	—		—		8,312
Total non-cash interest expense	3,697		5,756		20,153
Total interest expense	$	69,638	$	69,026	$	76,212

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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 year ended December 31, 2022