Financial Commitments (Tables)

3 Months Ended

Mar. 31, 2023

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

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

(in thousands)	As of March 31, 2023		As of December 31, 2022
2017 Senior Notes	$	497,562	$	497,289
Term Loan B	403,677		404,169
Revolver	30,000		—
Equipment financing and mortgages	45,286		48,681
Other indebtedness	4,157		8,300
Total debt	980,682		958,439
Less: Current maturities	66,228		70,285
Long-term debt, net	$	914,454	$	888,154

Schedule of 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, 2023 and December 31, 2022:

	As of March 31, 2023						As of December 31, 2022
(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	$	(2,438)	$	497,562	$	500,000	$	(2,711)	$	497,289
Term Loan B	414,375		(10,698)		403,677		415,438		(11,269)		404,169

Schedule 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)	2023		2022
Cash interest expense:
Interest on 2017 Senior Notes	$	8,594	$	8,594
Interest on Term Loan B	9,749		6,033
Interest on Revolver	1,745		503
Other interest	421		461
Total cash interest expense	20,509		15,591
Non-cash interest expense:(a)
Amortization of discount and debt issuance costs on Term Loan B	571		505
Amortization of debt issuance costs on Revolver	160		142
Amortization of debt issuance costs on 2017 Senior Notes	273		254
Total non-cash interest expense	1,004		901
Total interest expense	$	21,513	$	16,492

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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 10.44%, respectively, for the three months ended March 31, 2023.