Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.23.1
Debt (Tables)
 3 Months Ended
Mar. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
Long-term debt consisted of the following (in thousands):
March 31, December 31,
  2023 2022
Bank credit facility - term loan $ 97,500  $ 100,000 
Bank credit facility - revolver loans 256,498  188,610 
Principal amount of long-term debt 353,998  288,610 
Less debt issuance costs (2,143) (2,310)
Total long-term debt 351,855  286,300 
Less current portion (10,000) (10,000)
Long-term debt, less current portion $ 341,855  $ 276,300 
Schedule of Term Loan Payments
Future required term and revolver loan payments as of March 31, 2023 are as follows (in thousands):

Year Ending Term Loan Revolver Loan Total
Remainder of 2023 $ 7,500  $ —  $ 7,500 
2024 10,000  —  10,000 
2025 80,000  256,498  336,498 
     Total $ 97,500  $ 256,498  $ 353,998 
We were in compliance with required ratios and other terms and conditions under our loan agreement as of March 31, 2023.