Debt (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Principal balances outstanding under our long-term debt obligations as of December 31, 2023 and 2022, consisted of the following (in thousands):

	2023		2022
Term loans	$	99,063	$	124,688
Revolving credit loans		—		73,500
Convertible notes		747,500		—
Less unamortized debt issuance costs		(23,550)		(179)
Total long-term debt		823,013		198,009
Less current portion		—		11,250
Long-term portion	$	823,013	$	186,759

Schedule of Maturities of Long-term Debt

Future minimum principal payments on our long-term debt as of December 31, 2023, are as follows (in thousands):

Years Ending	Future Minimum
December 31,	Principal Payments
2024	$	—
2025		—
2026		—
2027		—
2028		99,063
Thereafter		747,500
Total future minimum principal payments	$	846,563

Schedule of Long-term Debt Covenants

The Fourth Amended Credit Agreement, as amended is collateralized by substantially all of our assets. The Fourth Amended Credit Agreement contains affirmative and negative covenants, representations and warranties, events of default and other terms customary for loans of this nature. In particular, the Fourth Amended Credit Agreement requires that we maintain certain financial covenants, as follows:

	Covenant Requirement
Consolidated Total Net Leverage Ratio (1)		5.0 to 1.0
Consolidated Senior Secured Net Leverage Ratio (2)		3.0 to 1.0
Consolidated Interest Coverage Ratio (3)		3.0 to 1.0

(1) Maximum Consolidated Total Net Leverage Ratio (as defined in the Fourth Amended Credit Agreement, as amended) as of any fiscal quarter end.

(2) Maximum Consolidated Senior Secured Net Leverage Ratio  (as defined in the Fourth Amended Credit Agreement, as amended) as of any fiscal quarter end.

(3) Minimum ratio of Consolidated EBITDA (as defined in the Fourth Amended Credit Agreement and adjusted for certain expenditures) to Consolidated Interest Expense (as defined in the Fourth Amended Credit Agreement, as amended) for any period of four consecutive fiscal quarters.