DEBT (Tables)

6 Months Ended

Jun. 30, 2024

DEBT

Schedule of long-term debt, net

Long-term debt, net consists of the following:

	June 30,		December 31,
	2024		2023
Principal amount	$	188,750	$	196,250
Unamortized debt discount associated with debt financing costs		(2,328)		(2,684)
Total debt, net		186,422		193,566
Less current portion		(15,000)		(15,000)
Long-term debt, net	$	171,422	$	178,566

Schedule of future minimum payments relating to total debt

Future minimum payments relating to total debt, net as of June 30, 2024, for the periods indicated below consists of the following:

Years ending December 31,
2024 (excluding the six months ended June 30, 2024)	$	7,500
2025		16,250
2026		20,000
2027		20,000
2028		125,000
Thereafter		—
Total	$	188,750

Schedule of interest expense related to the company's long-term debt

Interest expense related to the Company’s long-term debt, net, is included in interest expense within the unaudited condensed consolidated statements of operations and comprehensive income and consists of the following:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2024		2023		2024		2023
Interest on principal balance	$	4,228	$	5,794	$	8,583	$	11,109
Amortization of deferred financing costs		176		424		356		840
Total term loan interest expense	$	4,404	$	6,218	$	8,939	$	11,949