XML 54 R36.htm IDEA: XBRL DOCUMENT v3.22.1
LONG-TERM DEBT (Tables)
12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Outstanding Debt

Total debt consisted of the following as of December 31, 2021 and 2020 (in thousands):

 

 

December 31, 2021

 

 

December 31, 2020

 

8.500% Senior Secured Notes due 2029

 

$

400,000

 

 

$

 

9.875%/11.500% Senior Secured PIK Toggle Notes, due June 2024

 

 

 

 

 

335,328

 

Insurance and vehicle financing

 

 

762

 

 

 

361

 

Less deferred financing costs, net of accumulated amortization

 

 

(10,599

)

 

 

(14,657

)

Total debt

 

 

390,163

 

 

 

321,032

 

Less current maturities

 

 

(762

)

 

 

(317

)

Total long-term debt

 

$

389,401

 

 

$

320,715

 

Schedule of Redemption Prices Percentage of Principal Amount

The 2029 Notes are redeemable at the Company’s option, in whole or in part, on and after May 15, 2024 at the redemption prices (expressed as percentages of principal amount) set forth below, plus any accrued and unpaid interest, if any, to, but excluding, the redemption date.

On or after May 15, 2024 and prior to May 15, 2025

 

104.250%

On or after May 15, 2025 and prior to May 15, 2026

 

102.125%

On or after May 15, 2026

 

100.000%