LONG-TERM DEBT (Tables)

3 Months Ended

Mar. 31, 2021

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

Long-term debt consisted of the following (in thousands):

	March 31, 2021		December 31, 2020
	(unaudited)
ABL Facility	$	28,000	$	9,000
Term Loan1	214,682		213,809
Total	242,682		222,809
Convertible debt1	85,300		84,534
Finance lease obligations	5,093		5,153
Total debt and finance lease obligations	333,075		312,496
Current portion of long-term debt and finance lease obligations	(352)		(337)
Total long-term debt and finance lease obligations, less current portion	$	332,723	$	312,159

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1        Comprised of principal amount outstanding, less unamortized discount and issuance costs.

Convertible Debt

As of March 31, 2021 and December 31, 2020, the Notes were recorded in our condensed consolidated balance sheets as follows (in thousands):

	March 31, 2021		December 31, 2020
	(unaudited)
Liability component:
Principal	$	93,130	$	93,130
Unamortized issuance costs	(1,312)		(1,440)
Unamortized discount	(6,518)		(7,156)
Net carrying amount of the liability component1	$	85,300	$	84,534
Equity component:
Carrying amount of the equity component, net of issuance costs2	$	7,969	$	7,969
Carrying amount of the equity component, net of issuance costs	$	37,276	$	37,276

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1        Included in the “Long-term debt” line of the condensed consolidated balance sheets.

2        Relates to the portion of the Notes accounted for under ASC 470-20 (defined below) and is included in the “Additional paid-in capital” line of the condensed consolidated balance sheets.

The following table sets forth interest expense information related to the Notes (dollars in thousands):

	Three Months Ended March 31,
	2021			2020
	(unaudited)			(unaudited)
Coupon interest	$	1,164		$	2,875
Amortization of debt discount and issuance costs	766			1,707
Total interest expense on Notes	$	1,930		$	4,582
Effective interest rate	9.12		%	9.12		%