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DEBT (Tables) | 9 Months Ended
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Sep. 30, 2023
Debt Disclosure [Abstract] |
Schedule of Debt Outstanding | Debt outstanding as of September 30, 2023 and December 31, 2022 consisted of the following (in thousands):
|  | September 30, |  |  | December 31, |
|  | 2023 |  |  | 2022 |
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 September 30, 2023 and December 31, 2022 was 8.6% and 7.5%, respectively. Unamortized debt issuance costs amounted to $1.0 million and $1.4 million at September 30, 2023 and December 31, 2022, respectively. |  |  | 91,250 |  |  |  | 96,250 |
4.625% Senior Notes. The 4.625% Senior Notes were redeemed on February 1, 2023, as further described below. |  |  | — |  |  |  | 153,754 |
4.75% Senior Notes maturing October 2027. Unamortized debt issuance costs amounted to $1.6 million and $1.9 million at September 30, 2023 and December 31, 2022, respectively. |  |  | 250,000 |  |  |  | 250,000 |
8.25% Senior Notes maturing April 2026. Unamortized debt issuance costs amounted to $6.5 million and $8.7 million at September 30, 2023 and December 31, 2022, respectively. |  |  | 593,113 |  |  |  | 614,113 |
4.43% Lansing Correctional Facility Non-Recourse Mortgage Note maturing January 2040. Unamortized debt issuance costs amounted to $2.7 million and $2.8 million at September 30, 2023 and December 31, 2022, respectively. |  |  | 146,768 |  |  |  | 150,405 |
Total debt |  |  | 1,081,131 |  |  |  | 1,264,522 |
Unamortized debt issuance costs |  |  | (12,043 | ) |  |  | (14,763 | )
Net unamortized original issue premium |  |  | 482 |  |  |  | 624 |
Current portion of long-term debt |  |  | (13,982 | ) |  |  | (165,525 | )
Long-term debt, net |  | $ | 1,055,588 |  |  | $ | 1,084,858 |
Schedule of Principal Payments | Scheduled principal payments as of September 30, 2023 for the remainder of 2023, the next five years, and thereafter were as follows (in thousands):
2023 (remainder) |  | $ | 3,134 |
2024 |  |  | 14,722 |
2025 |  |  | 17,698 |
2026 |  |  | 667,563 |
2027 |  |  | 256,855 |
2028 |  |  | 7,370 |
Thereafter |  |  | 113,789 |
Total debt |  | $ | 1,081,131 |

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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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