LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2023

LONG-TERM DEBT

Schedule of long-term debt

Long-term debt consists of the following:

	December 31,		December 31,
	2023		2022
	(In thousands)
7.375% Senior Secured Notes due February 2028	$	725,000	$	750,000
Total debt		725,000		750,000
Less: current portion of long-term debt		—		—
Less: original issue discount and issuance costs		8,754		11,000
Long-term debt, net	$	716,246	$	739,000

Schedule of future scheduled minimum principal payments

Future scheduled minimum principal payments of debt as of December 31, 2023, were as follows:

	7.375% Senior
	Secured Notes due
	February 2028
	(In thousands)
2024	$	—
2025		—
2026		—
2027		—
2028		725,000
2029 and thereafter		—
Total debt	$	725,000