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LONG-TERM DEBT (Tables) | 12 Months Ended
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Dec. 31, 2023
LONG-TERM DEBT |
Components of the Company's outstanding debt obligations | The components of the Company’s outstanding debt obligations consisted of the following (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | December 31,
​ |  | ​ | 2023 |  | 2022
Term Loan | ​ | ​ | $ | 309,313 | ​ | $ | 322,562
Revolving Credit Facility | ​ | ​ | ​ | — | ​ | ​ | —
Less: Unamortized discount and debt issuance costs | ​ | ​ |  | (8,112) | ​ |  | (9,681)
Total debt | ​ | ​ |  | 301,201 | ​ |  | 312,881
Less: Current portion of long-term debt | ​ | ​ |  | (21,250) | ​ |  | (3,250)
Total long-term debt | ​ | ​ | $ | 279,951 | ​ | $ | 309,631
Schedule of mandatory prepayments based on Company's excess cash flow for the year | Under the Amended Prior Term Loan, the Company was required to make mandatory prepayments based on the Company’s excess cash flow for the year, as follows (as a percentage of the Company’s excess cash flow for the year): ​
​ | ​ | ​ | ​
​ | ​ | Mandatory | ​
​ | ​ | Prepayment | ​
Net Leverage Ratio |  | Percentage |
> 3.50:1.00 |  | 90 | %
> 3.00:1.00 and ≤ 3.50:1.00 |  | 75 | %
> 2.50:1.00 and ≤ 3.00:1.00 |  | 50 | %
> 2.00:1.00 and ≤ 2.50:1.00 |  | 25 | %
≤ 2.00:1.00 |  | 0 | %
Principal payments due on the outstanding debt | Principal payments due on the outstanding debt in the next five fiscal years, excluding any potential payments based on excess cash flow levels, are as follows (in thousands): ​
​ | ​ | ​ | ​
​ | ​ | ​
Year Ended | ​ | Term Loan
2024 |  | $ | 21,250
2025 | ​ |  | 3,250
2026 | ​ |  | 3,250
2027 | ​ |  | 3,250
2028 | ​ | ​ | 3,250
Thereafter | ​ |  | 275,063
​ | ​ | $ | 309,313

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