DEBT (Tables)

3 Months Ended

Mar. 31, 2022

DEBT

Schedule of long-term debt

	March 31,		December 31,
$s in thousands	2022		2021
Revolving credit facility	$	303,000	$	303,000
Term loan		439,875		441,000
Unamortized term loan discount and debt issuance costs		(5,231)		(5,516)
Total debt		737,644		738,484
Current portion of long-term debt		(3,359)		(3,359)
Long-term debt	$	734,285	$	735,125

Schedule of interest margins based on the total net leverage ratio

Consolidated Total Net Leverage Ratio	LIBOR Rate Loans Interest Margin	Base Rate Loans Interest Margin
Equal to or greater than 4.50 to 1.00	2.50%	1.50%
Equal to or greater than 4.00 to 1.00, but less than 4.50 to 1.00	2.25%	1.25%
Equal to or greater than 3.25 to 1.00, but less than 4.00 to 1.00	2.00%	1.00%
Equal to or greater than 2.50 to 1.00, but less than 3.25 to 1.00	1.75%	0.75%
Equal to or greater than 1.75 to 1.00, but less than 2.50 to 1.00	1.50%	0.50%
Equal to or greater than 1.00 to 1.00, but less than 1.75 to 1.00	1.25%	0.25%
Less than 1.00 to 1.00	1.00%	0.00%