Debt Obligations (Tables)

3 Months Ended

Mar. 31, 2022

Schedule of components of debt obligations

Debt obligations consist of the following (in thousands):

	March 31,		December 31,
	2022		2021
Revolving credit facility	$	260,000	$	220,000
Term loan		112,500		120,000
Notes to former owners		40,157		47,954
Finance lease liabilities (See Note 8)		—		266
Total principal amount		412,657		388,220
Less—unamortized debt issuance costs		(171)		(190)
Total debt, net of unamortized debt issuance costs		412,486		388,030
Less—current portion		(407)		(2,788)
Total long-term portion of debt, net	$	412,079	$	385,242

Summary of additional margins

	Consolidated Total Indebtedness to
	Credit Facility Adjusted EBITDA
	Less than 1.00		1.00 to 1.75		1.75 to 2.50		2.50 or greater
Additional Per Annum Interest Margin Added Under:
Base Rate Loan Option	0.25	%	0.50	%	0.75	%	1.00	%
Eurodollar Rate Loan Option	1.25	%	1.50	%	1.75	%	2.00	%

Notes to Former Owners

Schedule of future principal payments of notes to former owners

	Balance at		Range of Stated
	March 31, 2022		Interest Rates
2022	$	407	2.5 - 3.5	%
2023		9,400	2.5	%
2024		10,800	2.5 - 3.0	%
2025		19,550	2.3 - 2.5	%
Total	$	40,157