XML 70 R53.htm IDEA: XBRL DOCUMENT v3.24.0.1
Debt (Tables)
12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Debt
Debt as of December 31, 2023 and 2022 includes the following:
As of December 31, 2023As of December 31, 2022
Interest
Rate
Outstanding
Balance
Interest
Rate
Outstanding
Balance
Credit Facilities:
Revolver5.13%30,904 5.17%195,673 
U.S. Term Loan6.71%561,250 5.70%596,250 
EURO Term Loan5.13%152,366 1.50%151,572 
Industrial development bonds5.26%10,000 5.26%10,000 
Bank lines of credit and other debt obligationsVarious1,092 Various1,303 
Total debt$755,612 $954,798 
Less: debt issuance costs(1,545)(1,992)
Less: short-term and current portion of long-term debts(23,444)(19,245)
Total long-term debt$730,623 $933,561 
Schedule of Interest Income and Interest Expense Disclosure
The Company incurred the following debt related expenses included within Interest expense, net, in the Consolidated Statements of Operations for the years ended December 31, 2023, 2022 and 2021:
202320222021
Interest expense$53,582 $33,691 $19,089 
Amortization of debt issuance costs1,413 2,942 4,749 
Total$54,995 $36,633 $23,838 
Schedule of Maturities of Long-term Debt
As of December 31, 2023, annual principal maturities on long-term borrowings, including the current portion, are as follows:
For the year ended December 31, 2024$23,250 
For the year ended December 31, 202536,955 
For the year ended December 31, 202636,914 
For the year ended December 31, 2027647,899 
For the year ended December 31, 202810,028 
Total maturities on debt in the next five fiscal years755,046