Financial Commitments (Tables)

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

Long-term debt as reported on the Condensed Consolidated Balance Sheets consisted of the following:

(in thousands)	As of June 30, 2024		As of December 31, 2023
2024 Senior Notes	$	376,232	$	—
2017 Senior Notes	—		498,410
Term Loan B	266,369		357,744
Revolver	—		—
Equipment financing and mortgages	31,724		34,807
Other indebtedness	2,112		8,784
Total debt	676,437		899,745
Less: Current maturities(a)	18,602		117,431
Long-term debt, net	$	657,835	$	782,314

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(a)Current maturities at December 31, 2023 included the $91.0 million principal prepayment on the Term Loan B that was made in February 2024.

Schedule of Reconciliation of Outstanding Debt Balance to Reported Debt Balance

The following table reconciles the outstanding debt balances to the reported debt balances as of June 30, 2024 and December 31, 2023:

	As of June 30, 2024						As of December 31, 2023
(in thousands)	Outstanding Debt		Unamortized Discounts and Issuance Costs		Debt, as reported		Outstanding Debt		Unamortized Discounts and Issuance Costs		Debt, as reported
2024 Senior Notes	$	400,000	$	(23,768)	$	376,232	$	—	$	—	$	—
2017 Senior Notes	—		—		—		500,000		(1,590)		498,410
Term Loan B	273,988		(7,619)		266,369		367,154		(9,410)		357,744

Schedule of Interest Expense as Reported in the Consolidated Statements of Operations

Interest expense as reported in the Condensed Consolidated Statements of Operations consisted of the following:

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2024		2023		2024		2023
Cash interest expense:
Interest on Term Loan B	$	7,084	$	9,250	$	15,572	$	18,999
Interest on 2017 Senior Notes	2,960		8,594		11,554		17,188
Interest on 2024 Senior Notes	8,708		—		8,708		—
Interest on Revolver	973		2,807		973		4,552
Other interest	799		364		1,218		785
Total cash interest expense	20,524		21,015		38,025		41,524
Non-cash interest expense:(a)
Amortization of discount and debt issuance costs on Term Loan B	473		529		1,791		1,100
Amortization of debt issuance costs on 2017 Senior Notes	99		277		392		550
Amortization of debt issuance costs on 2024 Senior Notes	632		—		632		—
Amortization of debt issuance costs on Revolver	158		195		353		355
Non-cash portion of loss on extinguishment	1,198		—		1,198		—
Total non-cash interest expense	2,560		1,001		4,366		2,005
Total interest expense	$	23,084	$	22,016	$	42,391	$	43,529

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(a)The combination of cash and non-cash interest expense produces effective interest rates that are higher than contractual rates. Accordingly, the effective interest rates for the 2024 Senior Notes, 2017 Senior Notes and Term Loan B were 13.56%, 7.13% and 12.27%, respectively, for the six months ended June 30, 2024.