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DEBT (Tables) | 12 Months Ended
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Dec. 31, 2022
Schedule of Debt Outstanding | Debt outstanding consists of the following (in thousands):
|  | December 31, |
|  | 2022 |  |  | 2021 |
Revolving Credit Facility maturing May 2026. Interest payable periodically at variable interest rates. |  | $ | — |  |  | $ | — |
Term Loan A maturing May 2026. Interest payable periodically at variable interest rates. The rate at December 31, 2022 and 2021 was 7.5% and 1.4%, respectively. Unamortized debt issuance costs amounted to $1.4 million at December 31, 2022. The Term Loan A was paid-down and the maturity was extended in the second quarter of 2022 in connection with an amendment and restatement of the Bank Credit Facility, as further described below. |  |  | 96,250 |  |  |  | 170,000 |
Term Loan B. Interest was payable periodically at variable interest rates. The rate at December 31, 2021 was 5.5%. Unamortized debt issuance costs amounted to $2.0 million at December 31, 2021. The Term Loan B was repaid in the second quarter of 2022, as further described below. |  |  | — |  |  |  | 128,750 |
4.625% Senior Notes maturing May 2023. Unamortized debt issuance costs amounted to $0.0 million and $0.4 million at December 31, 2022 and 2021, respectively. The 4.625% Senior Notes were redeemed on February 1, 2023, as further described below. |  |  | 153,754 |  |  |  | 173,650 |
4.75% Senior Notes maturing October 2027. Unamortized debt issuance costs amounted to $1.9 million and $2.3 million at December 31, 2022 and 2021, respectively. |  |  | 250,000 |  |  |  | 250,000 |
8.25% Senior Notes maturing April 2026. Unamortized debt issuance costs amounted to $8.7 million and $12.9 million at December 31, 2022 and 2021, respectively. |  |  | 614,113 |  |  |  | 675,000 |
4.43% Lansing Correctional Center Non-Recourse Mortgage Note maturing January 2040. Unamortized debt issuance costs amounted to $2.8 million and $3.0 million at December 31, 2022 and 2021, respectively. |  |  | 150,405 |  |  |  | 154,532 |
Total debt |  |  | 1,264,522 |  |  |  | 1,551,932 |
Unamortized debt issuance costs |  |  | (14,763 | ) |  |  | (20,588 | )
Net unamortized original issue premium (discount) |  |  | 624 |  |  |  | (3,922 | )
Current portion of long-term debt |  |  | (165,525 | ) |  |  | (35,376 | )
Long-term debt, net |  | $ | 1,084,858 |  |  | $ | 1,492,046 |
Schedule of Principal Payments | Scheduled principal payments as of December 31, 2022 for the next five years and thereafter were as follows (in thousands):
2023 |  | $ | 165,525 |
2024 |  |  | 14,722 |
2025 |  |  | 17,698 |
2026 |  |  | 688,563 |
2027 |  |  | 256,855 |
Thereafter |  |  | 121,159 |
Total debt |  | $ | 1,264,522 |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601 + Details
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