Note 9 - Debt

3 Months Ended

Mar. 31, 2023

Notes to Financial Statements

Debt Disclosure [Text Block]

(9) DEBT

The following is a summary of all debt outstanding:

(In Thousands)
	March 31, 2023			December 31, 2022
Senior secured bonds:
8.50% Senior Secured Notes due November 2026 (A) (B)	$	175,000		$	175,000
Debt discount and issuance costs		(5,577	)		(5,964	)
Total long-term debt	$	169,423		$	169,036

(A)	As of March 31, 2023 and  December 31, 2022, the fair value (Level 2) of the Senior Secured Notes was $182.8 million and $177.3 million, respectively.
(B)	The $5.0 million restricted cash on the condensed consolidated balance sheet at March 31, 2023, represents the pro rata amount due for our next semiannual interest payment obligation.

We also have a Super Senior Revolving Credit Facility Agreement maturing on November 16, 2026 that provides $25.0 million for general working capital purposes. No amounts have been drawn on this credit facility.