2022

2021

Balance at January 1

$

89,955

$

—

Initial proceeds from Centerbridge

—

100,000

Increase (decrease):

Proceeds allocated to warrants*

—

(9,217

)

Issuance costs

—

(6,262

)

Issuance costs allocated to warrants*

—

577

Accrued cash dividends

1,342

458

Accretion - increasing dividend rates

906

336

Dividends paid

(2,508

)

—

Balance at March 31

$

89,695

$

85,892

Increase (decrease):

Accrued cash dividends

1,500

1,250

Accretion - increasing dividend rates

768

929

Balance at June 30

$

91,963

$

88,071