Debt Obligations (Tables)

9 Months Ended

Sep. 30, 2023

Schedule of components of debt obligations

Debt obligations consist of the following (in thousands):

	September 30,		December 31,
	2023		2022
Revolving credit facility	$	—	$	215,000
Notes to former owners		47,106		41,040
Other debt		159		205
Total debt		47,265		256,245
Less—current portion		(13,333)		(9,000)
Total long-term portion of debt	$	33,932	$	247,245

Summary of additional margins

	Net Leverage Ratio
	Less than  1.00		1.00 to less than 1.75		1.75 to less than 2.50		2.50 to less than 3.00		3.00 or greater
Additional Per Annum Interest Margin Added Under:
Base Rate Loan Option	0.00	%	0.25	%	0.50	%	0.75	%	1.00	%
SOFR Loan Option	1.00	%	1.25	%	1.50	%	1.75	%	2.00	%

Notes to Former Owners

Schedule of future principal payments of notes to former owners

At September 30, 2023, future principal payments of notes to former owners by maturity year are as follows (dollars in thousands):

	Balance at		Range of Stated
	September 30, 2023		Interest Rates
2023	$	13,266	2.5 - 3.0	%
2024		1,000	2.5	%
2025		22,215	2.3 - 3.0	%
2026		10,625	2.5 - 3.8	%
Total	$	47,106