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

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Schedule of Maturities of Principal Obligations

As of March 31, 2024, the Company’s maturities of principal obligations under its long-term debt and other borrowings are as follows:

(in thousands)	Amount
Remainder of 2024	$	—
2025	—
2026	—
2027	575,000
Total principal outstanding	575,000
Unamortized debt issuance costs	(13,064)
Finance lease liabilities	1,264
Total	563,200
Less: current portion	(734)
Total long-term debt, net and other borrowings	$	562,466

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
Q1 2024 and thereafter	3.50 to 1.00