Long Term Debt, Net (Tables)

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Schedule of Extinguishment of Debt

The composition of the loss on extinguishment of debt was as follows (amounts in thousands):

	January 19, 2024
Unamortized deferred financing costs	$	781
Unamortized original issue discount	120
Prepayment premium	500
Loss on extinguishment of debt	$	1,401

Schedule of Original Discount and Deferred Financing Costs

Original issue discount and deferred financing costs incurred as part of the Credit Facilities were allocated between the Term Loan Facility and the Revolving Credit Facility on the basis of the maximum potential principal outstanding permitted under the Citizens Credit Agreement. The allocation of the deferred financing costs and original issue discount between the Term Loan Facility and the Revolving Credit Facility were as follows (in thousands):

	January 19, 2024
	Term Loan Facility		Revolving Credit Facility		Total
	Long term debt		Other assets
Original issue discount	$	224	$	839	$	1,063
Deferred financing	54		202		256

Schedule of the Balances of the Loan Facility and Agreement

The balances of the Term Loan Facility as of March 31, 2024 and the Hayfin Loan Agreement as of December 31, 2023 were as follows (in thousands):

	March 31, 2024				December 31, 2023
	Current portion of long term debt		Long term debt, net		Current portion of long term debt		Long term debt, net
Outstanding principal	$	1,000	$	18,750	$	1,000	$	49,000
Deferred financing costs	—		(82)		—		(781)
Original issue discount	—		(215)		—		(120)
Long term debt, net	$	1,000	$	18,453	$	1,000	$	48,099

Schedule of Interest Expense

Interest expense related to the Term Loan Facility and the Hayfin Loan Agreement included in interest expense, net in the unaudited condensed consolidated statements of operations, was as follows (amounts in thousands):

	Three Months Ended March 31,
	2024		2023
Stated interest	$	661	$	1,436
Amortization of deferred financing costs	29		105
Accretion of original issue discount	13		16
Interest expense	$	703	$	1,557

Interest expense related to the Revolving Credit Facility included in interest expense, net in the unaudited condensed consolidated statements of operations, was as follows (amounts in thousands):

	Three Months Ended March 31,
	2024
Commitment fee	$	30
Amortization of deferred financing costs	16
Accretion of original issue discount	42
Interest expense	$	88

Summary of Principal Payments for the Term Loan Facility

A summary of principal payments due on the Term Loan Facility, by year, from March 31, 2024 through maturity are as follows (in thousands):

Year ending December 31,	Principal
2024 (excluding the three months ended March 31, 2024)	$	750
2025	1,000
2026	1,500
2027	1,500
2028	2,000
Thereafter	13,000
Outstanding principal	$	19,750