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. |
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|