XML 44 R32.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Long-Term Debt (Tables)
 6 Months Ended
Jun. 30, 2024
Debt Disclosure [Abstract]  
Schedule of Debt
The following table summarizes the Company's outstanding debt:
June 30, 2024December 31, 2023
(In thousands)
Credit Facility$160,000 $185,000 
Senior Notes
Principal175,000 185,000 
Less: Unamortized discount(1)
8,835 10,117 
Less: Unamortized deferred financing costs(2)
3,445 3,924 
Total Senior Notes162,720 170,959 
Total debt
322,720 355,959 
Less: Current portion of long-term debt(3)
20,000 20,000 
Total long-term debt$302,720 $335,959 
___________________
(1)Unamortized discount on long-term debt is amortized over the term of the respective debt.
(2)Unamortized deferred financing costs are attributable to and amortized over the term of the Senior Notes.
(3)As of June 30, 2024 and December 31, 2023, the current portion of long-term debt reflects $20 million due on the Senior Notes over the next twelve months.
Schedule of Credit Facility The following table summarizes the Credit Facility balances:
June 30, 2024December 31, 2023
(In thousands)
Outstanding borrowings$160,000 $185,000 
Available under the borrowing base$215,000 $190,000 
Schedule of Components of Interest Expense
The following table summarizes the Company's interest expense:
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
(In thousands)
Interest expense8,409 9,771 $17,152 $11,065 
Interest income
(236)— (443)— 
Capitalized interest(834)(835)(1,798)(1,450)
Amortization of deferred financing costs680 450 1,351 643 
Amortization of discount on Senior Notes637 638 1,281 638 
Unused commitment fees on Credit Facility201 137 381 281 
Total interest expense, net$8,857 $10,161 $17,924 $11,177