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Long-Term Debt And Lines of Credit (Tables)

6 Months Ended

Jun. 30, 2022

Long-Term Debt And Lines Of Credit [Abstract]



Revolver	$	16,800
Term loan		100,000
Total		116,800
Current portion of long-term debt		(5,000)
Long-term debt	$	111,800

Schedule of Principal Payments of the Term Loan



2022	$	2,500
2023		5,000
2024		5,000
2025		5,000
2026		5,000
Thereafter		94,300
	$	116,800

Financial Debt Covenants



Description		Requirement

Leverage Ratio (Consolidated Indebtedness/Consolidated Adj. EBITDA)		< 3.50 to 1.00

Interest Coverage Ratio (Consolidated Adj. EBITDA/Consolidated Interest Expense)		> 3.00 to 1.00

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details