Debt (Tables)

12 Months Ended

Dec. 31, 2023

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 is 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 is 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, 2023
Senior Secured Credit Facilities:
Term Loan A — principal	7.67	%	$	812,813
Term Loan B — principal	8.00	%	835,125
Revolving Credit Facility — principal	—	%	—
Less unamortized debt issuance costs(1)			(19,168)
Total carrying value of long-term debt			1,628,770
Less current portion of long-term debt			51,000
Long-term debt, net			$	1,577,770

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(1)    Comprised of $9.3 million and $9.9 million relating to the Term Loan A and the Term Loan B, respectively.

Schedule of Maturities of Long-Term Debt

As of December 31 2023, 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):

2024	$	51,000
2025	51,000
2026	72,250
2027	672,563
2028	8,500
Thereafter	792,625
Total	$	1,647,938

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,
	2023		2022		2021
Contractual interest	$	125,550	$	66,770	$	—
Amortization of debt issuance costs	6,814		6,972		240
Commitment fee — Revolving Credit Facility	1,518		1,290		221
Total long-term debt-related interest expense	$	133,882	$	75,032	$	461