Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.23.2
Debt (Tables)
 6 Months Ended
Jun. 30, 2023
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
Long-term debt consisted of the following (in thousands):
June 30, December 31,
  2023 2022
Bank credit facility - term loan $ 95,000  $ 100,000 
Bank credit facility - revolving facility 282,000  188,610 
Principal amount of long-term debt 377,000  288,610 
Less debt issuance costs (1,890) (2,310)
Total long-term debt 375,110  286,300 
Less current portion (10,000) (10,000)
Long-term debt, less current portion $ 365,110  $ 276,300 
Schedule of Term Loan Payments
Future required term loan and revolving facility payments as of June 30, 2023 are as follows (in thousands):

Year Ending Term Loan Revolving Facility Total
Remainder of 2023 $ 5,000  $ —  $ 5,000 
2024 10,000  —  10,000 
2025 80,000  282,000  362,000 
     Total $ 95,000  $ 282,000  $ 377,000 

We were in compliance with required ratios and other terms and conditions under our credit agreement as of June 30, 2023.
In July 2023, we entered into a fifth amendment to our credit agreement. Refer to Note (13) "Subsequent Events" for further details. After the amendment, our scheduled term loan payments are approximately $9.5 million for the remainder of 2023, $19.0 million in 2024, and $156.5 million in 2025.