Debt (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Interest Margin and Commitment Fee [Table Text Block]

Effective on the first Adjustment Date, as defined in the Credit Agreement, occurring subsequent to our quarter ended June 30, 2022, the applicable margin for the Term Loan A and borrowings under the Revolving Credit Facility will be determined by reference to the leverage ratio in effect from time to time as set forth in the following table:

Leverage Ratio	Applicable Margin for Term SOFR Loans	Applicable Margin for Base Rate Loans	Commitment Fee Rate
Greater than 4.00 to 1.0	2.25%	1.25%	0.35%
Less than or equal to 4.00 to 1.0 but greater than 3.00 to 1.0	2.00%	1.00%	0.30%
Less than or equal to 3.00 to 1.0 but greater than 2.50 to 1.0	1.75%	0.75%	0.25%
Less than or equal to 2.50 to 1.0 but greater than 2.00 to 1.0	1.50%	0.50%	0.20%
Less than or equal to 2.00 to 1.0	1.25%	0.25%	0.15%

Applicable Margin on Loan Type

Effective on the first Adjustment Date, as defined in the Credit Agreement, occurring subsequent to our quarter ended June 30, 2022, the applicable margin for the Term Loan B will be determined by reference to the leverage ratio in effect from time to time as set forth in the following table:

Leverage Ratio	Applicable Margin for Term SOFR Loans	Applicable Margin for Base Rate Loans
Greater than 2.75 to 1.0	2.50%	1.50%
Less than 2.75 to 1.0	2.25%	1.25%

Schedule of Long-Term Debt Instruments

The carrying values of our long-term debt consist of the following (in thousands):

	Effective Interest Rate		As of December 31, 2022
Senior Secured Credit Facilities:
Term Loan A — principal	3.99	%	$	834,000
Term Loan B — principal	4.61	%	843,625
Revolving Credit Facility — principal	—	%	—
Less unamortized debt issuance costs(1)			(24,262)
Total carrying value of long-term debt			1,653,363
Less current portion of long-term debt			29,688
Long-term debt, net			$	1,623,675

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(1)    Comprised of $12.6 million and $11.7 million relating to the Term Loan A and the Term Loan B, respectively.

Schedule of Maturities of Long-Term Debt

As of December 31 2022, the aggregate amount of principal repayments of our long-term debt (including any current portion) for each of the next five years is approximately (in thousands):

2023	$	29,688
2024	51,000
2025	51,000
2026	72,250
2027	672,500
Thereafter	801,187
Total	$	1,677,625

Interest expense on long-term debt

The following table presents the total interest expense related to our long-term debt (in thousands):

	Year Ended December 31,
	2022		2021		2020
Contractual interest	$	66,770	$	—	$	1,251
Amortization of debt issuance costs	6,972		240		288
Commitment fee — Revolving Credit Facility	1,290		221		110
Total long-term debt-related interest expense	$	75,032	$	461	$	1,649