DEBT (Tables)

9 Months Ended

Sep. 30, 2022

The Company's long-term debt consists of the following:


	September 30, 2022				December 31, 2021
	Principal		Debt Issuance Costs		Principal		Debt Issuance Costs
	(amounts in thousands)
Term Loan, interest of 8.83% and 6.50% at September 30, 2022 and December 31, 2021, respectively	$	123,875	$	(3,320)	$	174,312	$	(5,396)
Senior Secured Asset-Based Loan, interest of 4.58% and 1.60% at September 30, 2022 and December 31, 2021, respectively	9,200		(3,642)		9,200		(991)
Note Payable, interest of 2.00% per annum at December 31, 2021	—		—		2,426		—
Total debt	133,075		(6,962)		185,938		(6,387)
Less current portion - Note Payable	—		—		2,426		—
Less current portion - Term Loan	—		—		1,750		—
Long-term debt	$	133,075	$	(6,962)	$	181,762	$	(6,387)

Schedule of Aggregate Scheduled Maturities of Debt

As of September 30, 2022, the aggregate schedule for maturities of debt are as follows:


	Term Loan		Senior Secured Asset-Based Loan
	(amounts in thousands)
Through Years Ending December 31:
2022	$	—	$	—
2023	—		—
2024	—		—
2025	—		—
2026	—		—
Thereafter	123,875		9,200
Total	$	123,875	$	9,200

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details