Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.23.3
Debt (Tables)
 9 Months Ended
Sep. 30, 2023
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
Long-term debt consisted of the following (in thousands):
September 30, December 31,
2023 2022
Bank credit facility - term loan $ 182,500  $ 100,000 
Bank credit facility - revolving facility 281,000  188,610 
Principal amount of long-term debt 463,500  288,610 
Less: debt issuance costs
 (2,730) (2,310)
Total long-term debt 460,770  286,300 
Less: current portion
 (19,000) (10,000)
Long-term debt, less current portion $ 441,770  $ 276,300 
Schedule of Term Loan Payments
Future required term loan and revolving facility payments as of September 30, 2023 are as follows (in thousands):

Year Ending Term Loan Revolving Facility Total
Remainder of 2023 $ 4,750  $ —  $ 4,750 
2024 19,000  —  19,000 
2025 158,750  281,000  439,750 
     Total $ 182,500  $ 281,000  $ 463,500 
We were in compliance with required ratios and other terms and conditions under our credit agreement as of September 30, 2023.