LONG-TERM DEBT (Tables)

9 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

Schedule of Long-term Debt

Long-term debt consisted of the following (in thousands, except interest rate):

	Interest Rate As of						As of
	September 30, 2024		December 31, 2023		Maturities Through		September 30, 2024			December 31, 2023
First lien term loan facility		—	9.2%			—	$	-		$	159,639
Term loan facility	6.9%			—	2029			100,000			-
Less: unamortized debt issuance cost								(1,333	)		(1,432	)
Total debt, net of unamortized debt issuance cost							$	98,667		$	158,207
Less: current portion of long-term debt							$	(3,750	)	$	-
Long-term debt, net							$	94,917		$	158,207

The following are scheduled principal repayments on long-term debt as of September 30, 2024 for each of the next five years (in thousands):

Schedule of Principal Repayments on Long-term Debt

The following are scheduled principal repayments on long-term debt as of September 30, 2024 for each of the next five years (in thousands):

Year ending December 31,	Amount
2024	$	-
2025		5,000
2026		5,000
2027		5,000
2028		5,000
Thereafter		80,000
Total	$	100,000

Schedule of Borrowing Capacity and Amount Borrowed

As of September 30, 2024, our available borrowing capacity under the Revolving Facility was $50 million. Utilization of the borrowing capacity was as follows (in thousands):

	Borrowing Capacity		Amount Borrowed
Revolving Facility	$	50,000	$	-