Debt Obligations (Tables)

3 Months Ended

Mar. 31, 2024

Schedule of components of debt obligations

Debt obligations consist of the following (in thousands):

	March 31,		December 31,
	2024		2023
Revolving credit facility	$	—	$	—
Notes to former owners		89,070		44,070
Other debt		819		142
Total debt		89,889		44,212
Less—current portion		(12,885)		(4,867)
Total long-term portion of debt	$	77,004	$	39,345

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 March 31, 2024, future principal payments of notes to former owners by maturity year are as follows (dollars in thousands):

	Balance at		Range of Stated
	March 31, 2024		Interest Rates
2024	$	4,800	2.5	%
2025		21,645	2.3 - 3.0	%
2026		31,625	2.5 - 5.5	%
2027		26,000	5.5	%
2028		5,000	5.5	%
Total	$	89,070