Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

v3.23.2
Subsequent Events
6 Months Ended
Jun. 30, 2023
Subsequent Events [Abstract]  
Subsequent Events

Note 17 – Subsequent Events

On August 1, 2023, the Company's board of directors approved a $50,000 accelerated share repurchase program (the "ASR") to repurchase shares of the Company's Class A common stock. On August 3, 2023, the Company entered into a fifth amendment (the "Fifth Amendment") to the Credit Agreement. The Fifth Amendment provides for, among other things, additional term loans in an aggregate principal amount of $65,000 (the "Fifth Amendment Incremental Term Loans"), the proceeds of which will be used to fund the ASR; the payment of fees, costs and expenses related to the Fifth Amendment; and general corporate purposes. The Fifth Amendment also increases the amount of the quarterly principal payments of the loans provided pursuant to the Credit Agreement to $1,190 commencing on September 30, 2023. On August 3, 2023, the Company received net proceeds of $63,043 from borrowings under the Fifth Amendment.