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v3.23.2

LONG-TERM DEBT (Details) $ in Thousands |  | 6 Months Ended |
--- | --- | --- | ---
Feb. 01, 2023 USD ($) | Jun. 30, 2023 USD ($) | Dec. 31, 2022 USD ($)
Long-term debt |  |  |
Current portion of long-term debt |  |  | $ 6,693
Amount outstanding |  | $ 41,000 |
Interest rate terms |  | The interest rate under the Amended Credit Facility is SOFR (the Secured Overnight Financing Rate) plus a margin ranging from 1.00% to 1.50%, or a base rate (as defined in the Amended Credit Facility) plus a margin ranging from 0.00% to 0.50%. The applicable margins will vary depending on the Company’s leverage ratio. In addition, SOFR-based loans will incur a 0.10% credit adjustment spread due to the conversion from LIBOR to SOFR as the new benchmark rate. |
Conversion fee percentage | 0.10% |  |
Interest rate at end of period |  | 6.20% |
SOFR |  |  |
Long-term debt |  |  |
Percentage points added to the reference rate |  | 1.00% |
Minimum |  |  |
Long-term debt |  |  |
Fixed charge coverage ratio |  | 1.1 |
Minimum | SOFR |  |  |
Long-term debt |  |  |
Percentage points added to the reference rate | 1.00% |  |
Minimum | Base Rate |  |  |
Long-term debt |  |  |
Percentage points added to the reference rate | 0.00% |  |
Maximum |  |  |
Long-term debt |  |  |
Total leverage ratio |  | 2.5 |
Maximum | SOFR |  |  |
Long-term debt |  |  |
Percentage points added to the reference rate | 1.50% |  |
Maximum | Base Rate |  |  |
Long-term debt |  |  |
Percentage points added to the reference rate | 0.50% |  |
Fifth Amended Credit Facility [Member] |  |  |
Long-term debt |  |  |
Maximum borrowing capacity | $ 100,000 |  |

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