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Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

The Company’s long-term debt consists of the following:

			December 31,
			2022						2021
			(In thousands)
Senior secured revolving line of credit			$	—					$	—
Senior unsecured notes			400,000						400,000
Less: unamortized deferred financing costs			(5,791)						(7,476)
Total long-term debt, net			$	394,209					$	392,524

In addition, the unused borrowing base is subject to a commitment fee as shown in the table below:

Total Commitment Utilization Percentage						ABR Loans						SOFR Loans						Commitment Fee
Less than 25%						0.75		%				1.75		%				0.375		%
Greater than or equal to 25% but less than 50%						1.00		%				2.00		%				0.375		%
Greater than or equal to 50% but less than 75%						1.25		%				2.25		%				0.500		%
Greater than or equal to 75% but less than 90%						1.50		%				2.50		%				0.500		%
Greater than or equal to 90%						1.75		%				2.75		%				0.500		%

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- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

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