Debt (Tables)

12 Months Ended

Dec. 31, 2022

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


	December 31,
	2022		2021
Variable rate debt
Short-term borrowings	$	—	$	953
Current portion of long-term debt:
Australian credit facility	12,542		10,819
Current portion of term loans under credit facility	12,500		—
Short-term borrowings and current portion of long-term debt	25,042		11,772

Long-term portion:
Revolving credit facility	519,711		572,926
Term loans under credit facility	487,500		250,000
Term facility	157,250		166,500
Receivables securitization facility	199,500		185,000
Less: financing costs, net	2,200		2,848
Long-term debt, net	1,361,761		1,171,578
Total debt	$	1,386,803	$	1,183,350

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

The following table provides additional details related to these swap contracts:

Derivative

Inception Date

Effective Date

Termination Date

Notional
Amount
(in millions)

Fixed
Interest
Rate

Interest rate swap 3

February 5, 2020

February 26, 2021

February 28, 2025

$150.0

1.3800%

Interest rate swap 4

March 9, 2020

September 29, 2022

February 26, 2027

$150.0

0.7400%

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


	December 31,
	2022		2021
Deferred financing costs:
Balance at beginning of year	$	4,042	$	5,130
Financing costs deferred	170		2,638
Write-off of fully amortized deferred financing costs	—		(3,726)
Balance at end of year	4,212		4,042
Less: Accumulated amortization	(2,012)		(1,194)
Deferred financing costs, net of accumulated amortization	$	2,200	$	2,848