Financial Commitments (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2023		As of December 31, 2022
2017 Senior Notes	$	498,122	$	497,289
Term Loan B	358,556		404,169
Revolver	—		—
Equipment financing and mortgages	38,344		48,681
Other indebtedness	9,812		8,300
Total debt	904,834		958,439
Less: Current maturities	28,040		70,285
Long-term debt, net	$	876,794	$	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 September 30, 2023 and December 31, 2022:

	As of September 30, 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	$	(1,878)	$	498,122	$	500,000	$	(2,711)	$	497,289
Term Loan B	368,216		(9,660)		358,556		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 September 30,				Nine Months Ended September 30,
(in thousands)	2023		2022		2023		2022
Cash interest expense:
Interest on Term Loan B	$	9,674	$	6,822	$	28,673	$	18,940
Interest on 2017 Senior Notes	8,594		8,593		25,782		25,781
Interest on Revolver	369		106		4,921		739
Other interest	689		559		1,474		1,499
Total cash interest expense	19,326		16,080		60,850		46,959
Non-cash interest expense:(a)
Amortization of discount and debt issuance costs on Term Loan B	509		528		1,609		1,549
Amortization of debt issuance costs on 2017 Senior Notes	283		263		833		776
Amortization of debt issuance costs on Revolver	195		144		550		427
Total non-cash interest expense	987		935		2,992		2,752
Total interest expense	$	20,313	$	17,015	$	63,842	$	49,711

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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 11.10%, respectively, for the nine months ended September 30, 2023.