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Debt (Tables) | 12 Months Ended
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Dec. 31, 2022
Debt Disclosure [Abstract] |
Schedule of Debt | The following table summarizes our outstanding debt (in thousands):
| December 31,
| 2022 |  | 2021
ABL Credit Facility due 2025 | $ | — |  |  | $ | — |
7.75% Senior Secured Notes due 2025 | 281,000 |  |  | 296,000 |
Term Loan B due 2026 | 203,125 |  |  | 215,625 |
12.875% Senior Secured Notes due 2026 | 31,314 |  |  | 68,250 |
Principal amount of long-term debt | 515,439 |  |  | 579,875 |
Less: unamortized discount and deferred financing costs | (9,907) |  |  | (15,317) |
Total debt, net of unamortized discount and deferred financing costs | 505,532 |  |  | 564,558 |
Less: current maturities, net of unamortized discount and deferred financing costs | (10,956) |  |  | (10,841) |
Long-term debt, net of current maturities | $ | 494,576 |  |  | $ | 553,717 |
Contractual Obligation, Fiscal Year Maturity Schedule | Annual maturities of our long-term debt for the next five years and thereafter are as follows (in thousands):
Year Ended |  | Amount Due
2023 |  | $ | 12,500 |
2024 |  | 12,500 |
2025 |  | 293,500 |
2026 |  | 196,939 |
2027 |  | — |
Thereafter |  | — |
Total |  | $ | 515,439 |
Schedule of Applicable Margin for Debt Instrument | Under the ABL Loan Agreement, the applicable margins for the ABL Credit Facility and advances under the ABL Revolver are as specified below:
Level |  | Arithmetic Mean of Daily Availability (as a percentage of the borrowing base) |  | Term SOFR Loans |  | Base Rate Loans
1 |  | >50% |  | 1.25% |  | 0.25%
2 |  | >30% but ≤50% |  | 1.50% |  | 0.50%
3 |  | ≤30% |  | 1.75% |  | 0.75%

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- Definition Tabular disclosure of contractual obligation by timing of payment due. Includes, but is not limited to, long-term debt obligation, lease obligation, and purchase obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 303 -Paragraph (a) -Subparagraph (5) + Details
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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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