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Long-term Debt and Other Financing Arrangements (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Schedule of long-term debt

Long-term debt consists of the following (in thousands): 

			December 31, 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			$	117,253					$	15,433					$	101,820					$	—					$	—					$	—
2021 Funding Agreement			75,450						6,888						68,562						—						—						—
2023 13% Notes			205,958						16,040						189,918						—						—						—
2019 Facility Agreement			—						—						—						143,213						11,098						132,115
Vendor financing			—						—						—						59,575						—						59,575
Total debt and vendor financing			398,661						38,361						360,300						202,788						11,098						191,690
Less: current portion			34,600						—						34,600						59,575						—						59,575
Long-term debt and vendor financing			$	364,061					$	38,361					$	325,700					$	143,213					$	11,098					$	132,115

The table below outlines the components of the draws made under the 2023 Funding Agreement at funding (amounts in thousands):

			April 2023						November 2023
Principal			$	87,730					$	29,523
Debt Discount - Thermo Guarantee			(6,897)						(1,967)
Debt Discount - Customer Relationship			(4,509)						(3,290)
Debt (Discount) Premium - Embedded Derivative			(341)						49
Fair Value at Issuance			$	75,983					$	24,315

The table below outlines the components of the 2021 Funding Agreement upon amendment (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, December 31, 2023 and 2022, respectively						$	—					$	59,575

Schedule of maturities of long-term debt

Annual debt maturities for each of the five years following December 31, 2023 and thereafter are as follows (in thousands):

2024			$	34,600
2025			44,023
2026			41,222
2027			34,972
2028			34,972
Thereafter			208,872
Total			$	398,661

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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.

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Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation.

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