Long-Term Debt, Net, and Other Borrowings (Tables)

6 Months Ended

Jun. 30, 2023

Debt Disclosure [Abstract]

Schedule of Maturities of Principal Obligations

As of June 30, 2023, the Company’s maturities of principal obligations under its long-term debt and other borrowings are as follows:

(in thousands)	Amount
Remainder of 2023	$	—
2024	—
2025	—
2026	—
2027	575,000
Total principal outstanding	575,000
Unamortized debt issuance costs	(15,736)
Finance lease liabilities	355
Total	559,619
Less: current portion	(384)
Total long-term debt, net and other borrowings	$	559,235

Schedule of Total Net Leverage Ratio

The maximum total net leverage ratio permitted by the financial covenant is displayed in the table below:

2022 Credit Agreement

Period	Total Net Leverage Ratio
Q2 2023 to Q4 2023	4.00 to 1.00
Q1 2024 and thereafter	3.50 to 1.00