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Debt (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

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

						December 31, 2024						December 31, 2023						Weighted Average Interest Rate at December 31, 2024						Final Maturity
Senior secured notes						$	156,517					$	156,517					7.875%						December 2028
ABL facility						—						—						Varies1						December 2026
Debt discount, net						(2,905)						(3,494)
Total debt						153,612						153,023
Less: current debt						—						—
Total long-term debt						$	153,612					$	153,023

1 Borrowings under the ABL Facility bear interest at a rate equal to Secured Overnight Financing Rate ("SOFR") ranging currently from 1.5% and 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%.

Schedule of Maturities of Long-term Debt

The Company's minimum debt repayment schedule, excluding interest, as of December 31, 2024 is as follows (in thousands):

									Payments Due
												2025						2026						2027						2028						Thereafter
Senior secured notes												$	—					$	—					$	—					$	156,517					$	—
ABL facility												—						—						—						—						—
Total												$	—					$	—					$	—					$	156,517					$	—

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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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