LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Summary of Long-Term Debt

As of December 31, 2021 and 2020, our long-term debt and finance lease obligations are summarized as follows (in thousands):

	December 31,
	2021		2020
ABL Facility	$	62,000	$	9,000
Term Loan	214,191		213,809
Subordinated Term Loan	36,358		—
Total	312,549		222,809
Convertible Debt1	87,662		84,534
Finance lease obligations	5,649		5,153
Total debt and finance lease obligations	405,860		312,496
Current portion of long-term debt and finance lease obligations	(669)		(337)
Total long-term debt and finance lease obligations, less current portion	$	405,191	$	312,159

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1        Comprised of principal amount outstanding, less unamortized discount and issuance costs. See Convertible Debt section below for additional information.

Schedule of Future Contractual Maturities of Long-term Debt

Future contractual maturities of long-term debt, excluding finance leases, are as follows (in thousands):

December 31
2022	$	—
2023	93,130
2024	62,000
2025	—
2026	300,215
Thereafter	—
Total	$	455,345

Convertible Debt

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

	December 31,
	2021		2020
Liability component:
Principal	$	93,130	$	93,130
Unamortized issuance costs	(916)		(1,440)
Unamortized discount	(4,552)		(7,156)
Net carrying amount of the liability component1	87,662		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 costs3	$	37,276	$	37,276

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1    Included in the “Long-term debt and finance lease obligations” line of the 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 consolidated balance sheets.

3    Relates to the portion of the Notes accounted for under ASC 815-15 (defined below) and is included in the “Additional paid-in capital” line of the consolidated balance sheets.

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

	Twelve Months Ended December 31,
	2021			2020
Coupon interest	$	4,657		$	11,329
Amortization of debt discount and issuance costs	3,129			6,938
Total interest expense	$	7,786		$	18,267
Effective interest rate	9.12		%	9.12		%