Financial Commitments (Tables)

12 Months Ended

Dec. 31, 2023

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)	2023		2022
2017 Senior Notes	$	498,410	$	497,289
Term Loan B	357,744		404,169
Revolver	—		—
Equipment financing and mortgages	34,807		48,681
Other indebtedness	8,784		8,300
Total debt	899,745		958,439
Less: Current maturities(a)	117,431		70,285
Long-term debt, net	$	782,314	$	888,154

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(a)Current maturities at December 31, 2023 included the $91.0 million principal prepayment on the Term Loan B that was made in February 2024. Current maturities at December 31, 2022 included a $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, 2023 and 2022:

	As of December 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	$	(1,590)	$	498,410	$	500,000	$	(2,711)	$	497,289
Term Loan B	367,154		(9,410)		357,744		415,438		(11,269)		404,169

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)
2024	$	117,431
2025	514,444
2026	10,336
2027	264,778
2028	747
Thereafter	3,009
	910,745
Less: Unamortized discounts and issuance costs	11,000
Total	$	899,745

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)	2023		2022		2021
Cash interest expense:
Interest on Term Loan B	$	38,266	$	27,880	$	24,590
Interest on 2017 Senior Notes	34,375		34,375		34,375
Interest on Revolver	4,924		1,642		1,479
Interest on convertible notes	—		—		921
Other interest	2,134		2,044		1,905
Total cash interest expense	79,699		65,941		63,270
Non-cash interest expense(a):
Amortization of discount and debt issuance costs on Term Loan B	3,592		2,084		2,175
Amortization of debt issuance costs on 2017 Senior Notes	1,121		1,045		973
Amortization of debt issuance costs on Revolver	745		568		568
Amortization of discount and debt issuance costs on convertible notes	—		—		2,040
Total non-cash interest expense	5,458		3,697		5,756
Total interest expense	$	85,157	$	69,638	$	69,026

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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 11.16%, respectively, for the year ended December 31, 2023