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Note 8 - Debt - Summary of Debt Outstanding (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Long-term debt, gross $ 645,985 $ 647,887
Debt discount and issuance costs (9,949) (10,791)
Less: Current portion of long-term debt (80,042) (65,386)
Total long-term debt 555,994 571,710
Secured Debt [Member]    
Long-term debt, gross [1] 200,000 212,500
Unsecured Debt [Member]    
Long-term debt, gross [2] 250,000 250,000
Nordic Bond [Member]    
Long-term debt, gross [3],[4] 175,000 175,000
Vessel Facility Agreements [Member]    
Long-term debt, gross $ 20,985 $ 10,387
[1] As of March 31, 2025 and December 31, 2024, the fair value (Level 3) of the Senior Secured Term Loan was $205.4 million and $218.2 million, respectively. The Level 3 fair value is derived from discounted present value calculations.
[2] As of March 31, 2025 and December 31, 2024, the fair value (Level 1) of the 10.375% Senior Unsecured Notes due July 2028 was $267.5 million and $266.1 million, respectively. The fair value is obtained from public transaction activity on the Nordic ABM exchange (XOAM).
[3] Approximately $5.0 million of the amount in restricted cash on the condensed consolidated balance sheet at March 31, 2025, represents the pro rata amount due for our next semiannual interest payment obligation on the 8.50% Senior Secured Notes.
[4] As of March 31, 2025 and December 31, 2024, the fair value (Level 1) of the 8.50% Senior Secured Notes due November 2026 was $180.8 million and $180.8 million, respectively. The fair value is obtained from public transaction activity on the XOAM.