Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2025

Debt Disclosure [Abstract]

Schedule of Long-Term Debt Instruments

The carrying value of debt presented within current portion of notes payable and long-term indebtedness, net of debt discounts on the condensed consolidated balance sheets as of June 30, 2025 and December 31, 2024 includes the following components:

	As of June 30, 2025		As of December 31, 2024
	(amounts in thousands)
Term loan Initial Draw - January 18, 2023	$	200,000	$	200,000
Exit fee on term loan - January 18, 2023	2,000		2,000
Term loan Subsequent Draw - March 5, 2024	200,000		200,000
Exit fee on term loan - March 5, 2024	2,000		2,000
Less: Amortized debt discounts and financing costs (1)	(30,583)		(30,863)
Net debt	$	373,417	$	373,137
Compound bifurcated derivative liability	$	—	$	6,058
(1) Includes debt discounts of $28.3 million associated with the initial carrying value of compound bifurcated derivative liability.

The components of interest expense associated with the Company’s long-term indebtedness and the 2025 Convertible Note, excluding finance leases, are as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
	(amounts in thousands)
Debt discount amortization	$	7,755	$	1,731	$	9,700	$	3,322
Interest expense	11,446		11,933		22,275		19,623
Interest expense on long-term indebtedness, excluding finance leases	$	19,201	$	13,664	$	31,975	$	22,945

Schedule of Maturities of Long-Term Debt

Maturities of the Company’s debt are expected to be as follows as of June 30, 2025:

	Amount
Years Ending December 31,
Remainder of 2025	$	—
2026	—
2027	—
2028	400,000
2029	—