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INDEBTEDNESS (Tables) | 6 Months Ended
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Jun. 30, 2024
Debt Disclosure [Abstract] |
Schedule of carrying value of the current and non-current components of the term loan | The carrying value of the current and non-current components of the Term Facility as of June 30, 2024 and December 31, 2023 are:
| Current
(in thousands) | June 30, 2024 |  | December 31, 2023
Current borrowing on debt | $ | 3,000 |  |  | $ | 3,000 |
Deferred financing costs | (2,150) |  |  | (2,150) |
Current debt, net of deferred financing costs | $ | 850 |  |  | $ | 850 |
| Non-Current
(in thousands) | June 30, 2024 |  | December 31, 2023
Non-current borrowing on debt | $ | 289,500 |  |  | $ | 291,000 |
Deferred financing costs | (5,106) |  |  | (6,181) |
Non-current debt, net of deferred financing costs and current component | $ | 284,394 |  |  | $ | 284,819 |
Schedule of contractual maturity of term loan and DDTL | The contractual maturity of the Term Facility is as follows for the period ending:
(in thousands) | Term Facility
2024 (remainder of the year) | $ | 1,500 |
2025 | 3,000 |
2026 | 3,000 |
2027 | 285,000 |
Total | $ | 292,500 |
Schedule of components of total interest expense related to the notes and term loan | The following table sets forth the components of total interest expense related to the Term Facility during the three and six months ended June 30, 2024 and 2023, as recognized in the accompanying unaudited interim condensed consolidated statements of operations for the three and six months ended June 30, 2024 and 2023:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands) | 2024 |  | 2023 |  | 2024 |  | 2023
Contractual coupon | $ | 6,848 |  |  | $ | 7,620 |  |  | $ | 13,761 |  |  | $ | 14,970 |
Amortization of finance fees | 591 |  |  | 591 |  |  | 1,182 |  |  | 1,182 |
Capitalized interest | (151) |  |  | (277) |  |  | (263) |  |  | (298) |
| $ | 7,288 |  |  | $ | 7,934 |  |  | $ | 14,680 |  |  | $ | 15,854 |

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