Debt (Tables)

12 Months Ended

Dec. 31, 2023

The following table sets forth the components of debt as of December 31, 2023 and 2022:


	December 31,
	2023						2022
	Principal outstanding		Unamortized discount and issuance cost		Carrying amount		Principal outstanding		Unamortized discount and issuance cost		Carrying amount
2027 Notes	$	160,000	$	(4,288)	$	155,712	$	160,000	$	(5,258)	$	154,742
Promissory note, due 2023	—		—		—		10,000		(26)		9,974
CIBC loan, due 2026	3,971		(13)		3,958		5,247		(14)		5,233
Short term loans, due 2023	—		—		—		1,450		—		1,450
Total term loans	163,971		(4,301)		159,670		176,697		(5,298)		171,399

Revolving line of credit	1,171		—		1,171		—		—		—
Total debt	$	165,142	$	(4,301)	$	160,841	$	176,697	$	(5,298)	$	171,399

The outstanding debt as of December 31, 2023 and 2022 is classified in the consolidated balance sheets as follows:


	December 31,
	2023		2022
Current liabilities – Current debt obligations	$	4,106	$	15,700
Noncurrent liabilities – Long-term debt net of current maturities	156,735		155,699

Total debt	$	160,841	$	171,399

The table below sets forth the components of interest expense for the years ended December 31, 2023, 2022 and 2021:


	December 31,
	2023		2022		2021
Interest expense on the 2027 Notes
Stated interest at 4.50% per annum	$	7,200	$	900	$	—
Amortization of discount and issuance cost	970		116		—
Total interest expense related to the 2027 Notes	8,170		1,016		—

Interest expense on other debt obligations:
Contractual interest	455		375		1,041
Amortization of discount and issuance cost	25		301		198
Total interest expense related to other debt obligations	480		676		1,239

Total interest expense	$	8,650	$	1,692	$	1,239

The future maturities of the debt obligations are as follows: