Long Term Debt (Tables)

12 Months Ended

Dec. 31, 2022

Long-Term Debt, Unclassified [Abstract]

Summary of Components of Long-term Debt

The table below summarizes the components of the Company’s long-term debt (in thousands):

	December 31,
	2022			2021
Convertible Debenture notes due 2024		244,808			229,382
2021 Credit Agreement due 2026 (1)		294,750			297,750
Total debt		539,558			527,132
Less: unamortized original issue discount		(10,751	)		(14,700	)
Less: unamortized debt issuance costs		(1,278	)		(1,726	)
Total debt, net		527,529			510,706
Current portion of debt		3,000			3,000
Total current portion of debt, net		3,000			3,000
Total long-term debt, net	$	524,529		$	507,706

(1)The 2021 Credit Agreement matures on February 8, 2026, unless the Debentures are outstanding six months prior to the December 19, 2024 maturity date thereof, in which case the 2021 Credit Agreement matures on June 19, 2024.

Summary of Future Principal Payments, Including in Kind Interest

Future principal payments, including in kind interest, are as follows (in thousands):

December 31,	Amount
2023	$	3,000
2024 (1)		280,310
2025		3,000
2026 (1)		285,750
Thereafter		—
Total	$	572,060

(1)The 2021 Credit Agreement, under which there was approximately $294.8 million outstanding as of December 31, 2022, matures on February 8, 2026, unless the Debentures are outstanding six months prior to the December 19, 2024 maturity date thereof, in which case the 2021 Credit Agreement matures on June 19, 2024. Amounts assume that this springing maturity provision of the 2021 Credit Agreement will not be triggered in 2024.

Schedule of Future Amortization of Debt Issuance Costs and Original Issue Discount

The future amortization of debt issuance costs and original issue discount related to the 2021 Credit Agreement, the Revolving Credit Facility and Convertible Debentures are as follows (in thousands):

December 31,	Amount
2023	$	4,986
2024		5,466
2025		1,429
2026		148
Thereafter		—
Total	$	12,029