XML 120 R44.htm IDEA: XBRL DOCUMENT v3.24.0.1
Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt
The Company’s long-term debt consists of the following:
December 31,
20232022
 (In thousands)
Senior secured revolving line of credit$— $— 
Senior unsecured notes400,000 400,000 
Less: unamortized deferred financing costs(4,098)(5,791)
Total long-term debt, net$395,902 $394,209 
In addition, the unused borrowing base is subject to a commitment fee as shown in the table below:
Total Revolving Commitment Utilization PercentageABR LoansSOFR LoansCommitment 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 %