Financial Commitments (Tables)

3 Months Ended

Mar. 31, 2024

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, 2024		As of December 31, 2023
2017 Senior Notes	$	498,703	$	498,410
Term Loan B	266,959		357,744
Revolver	—		—
Equipment financing and mortgages	31,238		34,807
Other indebtedness	4,267		8,784
Total debt	801,167		899,745
Less: Current maturities(a)	21,109		117,431
Long-term debt, net	$	780,058	$	782,314

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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.

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, 2024 and December 31, 2023:

	As of March 31, 2024						As of December 31, 2023
(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	$	(1,297)	$	498,703	$	500,000	$	(1,590)	$	498,410
Term Loan B	275,051		(8,092)		266,959		367,154		(9,410)		357,744

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)	2024		2023
Cash interest expense:
Interest on Term Loan B	$	8,488	$	9,749
Interest on 2017 Senior Notes	8,594		8,594
Interest on Revolver	—		1,745
Other interest	419		421
Total cash interest expense	17,501		20,509
Non-cash interest expense:(a)
Amortization of discount and debt issuance costs on Term Loan B	1,318		571
Amortization of debt issuance costs on 2017 Senior Notes	293		273
Amortization of debt issuance costs on Revolver	195		160
Total non-cash interest expense	1,806		1,004
Total interest expense	$	19,307	$	21,513

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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 13.13%, respectively, for the three months ended March 31, 2024.