Debt (Tables)

12 Months Ended

Dec. 31, 2021

Derivative

Components of debt

The table below presents the components of our debt (in thousands):

	December 31,
	2021		2020
Variable rate debt
Short-term borrowings	$	953	$	—
Current portion of long-term debt:
Australian credit facility	10,819		11,869
Short-term borrowings and current portion of long-term debt	11,772		11,869
Long-term portion:
Revolving credit facility	572,926		109,024
Term loan under credit facility	250,000		—
Term facility	166,500		175,750
Receivables securitization facility	185,000		120,000
Less: financing costs, net	2,848		625
Long-term debt, net	1,171,578		404,149
Total debt	$	1,183,350	$	416,018

Schedule of Maturities of Long-term Debt

The table below presents maturities of long-term debt, excluding unamortized deferred financing costs, for the next five years (in thousands):

2022	$	21,022
2023	200,500
2024	21,750
2025	28,000
2026	914,926

Changes in deferred financing costs

The table below summarizes changes in deferred financing costs for the past two years (in thousands):

	December 31,
	2021		2020
Deferred financing costs:
Balance at beginning of year	$	5,130	$	5,118
Financing costs deferred	2,638		12
Write-off of fully amortized deferred financing costs	(3,726)		—
Balance at end of year	4,042		5,130
Less: Accumulated amortization	(1,194)		(4,505)
Deferred financing costs, net of accumulated amortization	$	2,848	$	625

Terminated Interest Rate Swaps [Member]

Derivative

Schedule of interest rate swaps

Derivative	Inception Date	Effective Date	Termination Date	Notional Amount (in millions)	Fixed Interest Rate
Interest rate swap 1	May 7, 2019	November 20, 2020	September 29, 2022	$75.0	2.0925%
Interest rate swap 2	July 25, 2019	November 20, 2020	September 29, 2022	$75.0	1.5500%
Interest rate swap 3	February 5, 2020	February 26, 2021	February 28, 2025	$150.0	1.3800%

Forward-starting Interest Rate Swap Agreements [Member]

Derivative

Schedule of interest rate swaps

Derivative	Inception Date	Effective Date	Termination Date	Notional Amount (in millions)	Fixed Interest Rate
Forward-starting interest rate swap 1	March 9, 2020	September 29, 2022	February 26, 2027	$150.0	0.7400%
Forward-starting interest rate swap 2	March 9, 2020	February 28, 2025	February 26, 2027	$150.0	0.8130%