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v3.23.3

Long-Term Debt and Other Financing Arrangements (Tables) | 9 Months Ended
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Sep. 30, 2023
Debt Disclosure [Abstract] |
Schedule of long-term debt | Long-term debt and vendor financing consists of the following (in thousands):
| As of:
| September 30, 2023 |  | December 31, 2022
| Principal Amount |  | Unamortized Discount and Deferred Financing Costs |  | Carrying Value |  | Principal Amount |  | Unamortized Discount and Deferred Financing Costs |  | Carrying Value
2023 Funding Agreement | $ | 87,730 |  |  | $ | 11,125 |  |  | $ | 76,605 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
2021 Funding Agreement | 81,700 |  |  | 8,312 |  |  | 73,388 |  |  | — |  |  | — |  |  | — |
2023 13% Notes | 205,958 |  |  | 16,621 |  |  | 189,337 |  |  | — |  |  | — |  |  | — |
2019 Facility Agreement | — |  |  | — |  |  | — |  |  | 143,213 |  |  | 11,098 |  |  | 132,115 |
Vendor financing | — |  |  | — |  |  | — |  |  | 59,575 |  |  | — |  |  | 59,575 |
Total debt and vendor financing | $ | 375,388 |  |  | $ | 36,058 |  |  | $ | 339,330 |  |  | $ | 202,788 |  |  | $ | 11,098 |  |  | $ | 191,690 |
Less: current portion | 32,200 |  |  | — |  |  | 32,200 |  |  | 59,575 |  |  | — |  |  | 59,575 |
Long-term debt and vendor financing | $ | 343,188 |  |  | $ | 36,058 |  |  | $ | 307,130 |  |  | $ | 143,213 |  |  | $ | 11,098 |  |  | $ | 132,115 |
The table below outlines the components of the first draw under the 2023 Funding Agreement at funding (amounts in thousands):
Principal | $ | 87,730 |
Debt Discount - Thermo Guarantee | (6,897) |
Debt Discount - Customer Relationship | (4,509) |
Debt Discount - Embedded Derivative | (341) |
Fair Value at Issuance | $ | 75,983 |
The table below outlines the components of the 2021 Funding Agreement (amounts in thousands):
Principal | $ | 94,200 |
Less: Amount Repaid Prior to Amendment | (6,250) |
Debt Discount - Customer Relationship | (11,626) |
Fair Value at Issuance | $ | 76,324 |
Schedule of short-term debt | Reflected in the table below is a rollforward of the Company's obligations under its vendor financing arrangement with MDA (amounts in thousands):
|  | 2023 |  | 2022
Confirmed obligations outstanding, January 1, 2023 and 2022, respectively |  | $ | 59,575 |  |  | $ | — |
Invoices confirmed during the periods |  | — |  |  | 73,575 |
Confirmed invoices paid during the periods |  | (59,575) |  |  | (14,000) |
Confirmed obligations outstanding, September 30, 2023 and December 31, 2022, respectively |  | $ | — |  |  | $ | 59,575 |
2022
Schedule of dividends | The table below reflects the dividends approved by the Company's Board of Directors (amounts in thousands):
Payment Period |  | Payment Date |  | Payment Amount
November 15, 2022 - December 31, 2022 |  | January 2023 |  | $ | 1,337 |
January 1, 2023 - March 31, 2023 |  | April 2023 |  | 2,615 |
April 1, 2023 - June 30, 2023 |  | June 2023 |  | 2,644 |
July 1, 2023 - September 30, 2023 |  | September 2023 |  | 2,673 |

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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69B -Publisher FASB -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69B Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69E -Publisher FASB -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69E Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482925/835-30-45-2 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482925/835-30-45-1A Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-3 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482949/835-30-55-8 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480848/942-470-50-3 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-8 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-6 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-7 + Details
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