Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2023

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

The Company's long-term debt consisted of the following (in thousands):

	June 30, 2023		December 31, 2022
Revolving credit facility(1)	$	—	$	270,136
Term loan under credit facility due 2027	—		250,000
8.000% Senior notes due 2027	550,000		550,000
9.875% Senior notes due 2031	500,000		—
	1,050,000		1,070,136
Unamortized debt issuance costs on term loan	—		(5,309)
Unamortized debt issuance costs on 8.000% Senior notes	(9,660)		(10,948)
Original issue discount on 9.875% Senior notes(2)	(10,160)		—
Unamortized debt issuance costs on 9.875% Senior notes(2)	(8,625)		—
Long-term debt, net	$	1,021,555	$	1,053,879

(1)Related to the borrowings under the revolving credit facility, the Company had debt issuance costs of $16.4 million and $15.3 million, net of accumulated amortization of $8.5 million and $6.5 million, as of June 30, 2023 and December 31, 2022, respectively. Unamortized deferred financing costs on the borrowings under the revolving credit facility are included in Other noncurrent assets in the Condensed Consolidated Balance Sheets.

(2)The 9.875% Senior notes due 2031 were issued on June 30, 2023 resulting in no amortization of the original issue discount and debt issuance costs in the current period. Beginning July 1, 2023, the Company will show amortization of the original issue discount and debt issuance costs as interest expense in the Condensed Consolidated Statement of Operations.