LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2022

LONG-TERM DEBT

Schedule of long-term debt

Long-term debt consists of the following:

	As of December 31,
	2022		2021
	(In thousands)
7.375% Senior Secured Notes due February 2028	$	750,000	$	825,000
PPP Loan		—		7,505
Total debt		750,000		832,505
Less: current portion of long-term debt		—		—
Less: original issue discount and issuance costs		11,000		13,889
Long-term debt, net	$	739,000	$	818,616

Schedule of future scheduled minimum principal payments

Future scheduled minimum principal payments of debt as of December 31, 2022, were as follows:

	7.375% Senior
	Secured Notes due
	February 2028
	(In thousands)
2023	$	—
2024		—
2025		—
2026		—
2027		—
2028 and thereafter		750,000
Total debt	$	750,000