Long Term Debt (Tables)

3 Months Ended

Mar. 31, 2024

Long Term Debt [Abstract]

Summary of Components of Long-term Debt

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

	March 31, 2024			December 31, 2023
Convertible Debenture notes due 2024		263,564			260,926
Amended 2021 Credit Agreement due 2026 (1)		291,000			291,750
Revolving Credit Loans		15,000			-
Total debt		569,564			552,676
Less: unamortized original issue discount		(3,530	)		(5,254	)
Less: unamortized debt issuance costs		(343	)		(577	)
Total debt, net		565,691			546,845
Current portion of debt, net		565,691			546,845

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(1)The Amended 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 Amended 2021 Credit Agreement matures on June 19, 2024. As of March 31, 2024, the Company does not anticipate repaying the Convertible Debentures by June 19, 2024 and as such, the Term Loan debt of $291.0 million, the Convertible Debentures debt of $263.6 million and the Revolving Credit Loans debt of $15.0 million are included in the current portion of long-term debt.