LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Schedule of long-term debt

Long-term debt consists of the following as of December 31:

(in thousands)	2023		2022
Senior secured term loans	$	224,085	$	247,204
Less: Debt issuance and amendment costs, net	(3,318)		(878)
Less: Unamortized discount, net	(5,152)		(833)
Net Senior secured term loans	215,615		245,493
Total Long-term debt	$	215,615	$	245,493

Schedule of maturities of long-term debt

As of December 31, 2023, maturities of our long-term debt are as follows:

(in thousands)	Maturities
2024	$	—
2025	224,085
	$	224,085

Schedule of debt

The PIK component of the interest rate was 3.75% for the six months ended December 31, 2023 and 4.50% for the three months ended June 30, 2023. The interest rate as of December 31, 2023, including the PIK component, was 14.24%.

Aggregate Paydowns	PIK Component of Interest Rate
Less than $20 million	5.00%
$20 million+ but less than below	4.50%
$30 million+ but less than below	3.75%
$40 million+ but less than below	3.50%
$45 million+ but less than below	3.00%
$50 million+ but less than below	2.50%
$55 million+ but less than below	2.00%
$60 million+ but less than below	1.00%
$65 million+ but less than below	0.50%
$70 million+	0.00%