Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2023

Long-Term Debt [Abstract]

Debt Facilities

The following table summarizes the Company’s debt facilities as of December 31, 2023 and 2022:

Facility or Arrangement	Original Principal Amount	Balance as of December 31, 2023 (1)(2)	Balance as of December 31, 2022 (1)(2)	Interest Rate	Repayment Terms
Credit Agreement term loan facility	$400.0 million	$385.0 million	$395.0 million	Variable 30 day: 7.46%	21% of the principal amount is payable in increasing quarterly installments over a five-year period that began on September 30, 2022, with the remainder payable at the end of the five-year term.
Credit Agreement revolving credit facility		$120.0 million	$10.0 million	Variable 30 day: 7.46%	Revolving line of credit expires June 14, 2027.

(1) As of December 31, 2023 and 2022, the current portion of the Company’s debt (i.e. becoming due in the next 12 months) included $25.0 million and $15.0 million, respectively, of the balance of its term loan under the Credit Agreement.

(2) The carrying value of the debt reflects the amounts stated in the above table, less debt issuance costs of $2.0 million and $2.5 million as of December 31, 2023 and 2022, respectively, related to the Credit Agreement, which are not reflected in this table.

Maturities of Long-Term Debt

Maturities of all long-term debt at December 31, 2023, are as follows (U.S. dollars in thousands):

Year Ending December 31,
2024	$	25,000
2025		20,000
2026		20,000
2027		440,000
2028		—
Thereafter		—
Total (1)	$	505,000

(1) The carrying value of the debt reflects the amounts stated in the above table less debt issuance costs of $2.0 million, which is not reflected in this table.