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Debt (Tables)

6 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

The Company's debt consisted of the following (in thousands):

			June 30, 2022						December 31, 2021						Weighted Average Interest Rate						Final Maturity
Senior Secured Notes			$	350,000					$	350,000					7.875%						December 2028
ABL Borrowings			—						—						Varies(1)						December 2026
Debt discount/premium, net			$	(9,644)					$	(10,194)
Total debt			340,356						339,806
Less: current debt			—						—
Total long-term debt			$	340,356					$	339,806

(1) Borrowings under the ABL Facility bear interest at a rate equal to Secured Overnight Financing Rate ("SOFR") ranging from 1.5% to 2.0%, plus a credit adjustment spread, ranging currently from 0.11448% to 0.42826%, or an alternate base rate plus an applicable margin, which is determined based on the average availability of the commitments under the ABL Facility, ranging from 0.5% to 1.0%.

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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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