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LONG-TERM DEBT (Tables) | 12 Months Ended
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Dec. 31, 2022
LONG-TERM DEBT |
Schedule of outstanding indebtedness, at face value | As of December 31, 2022, the Company’s outstanding indebtedness, at face value, was as follows (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Face Value Debt |  | Maturity Date |  | Interest Rate
Credit Facility | ​ | $ | 113,750 | ​ | January 2027 | ​ | ​ | 30-day SOFR + 0.10% + [1.25% - 2.20%]
2026 Term Loan (1) | ​ | ​ | 65,000 | ​ | March 2026 | ​ | ​ | 30-day SOFR + 0.10% + [1.25% - 2.20%]
2027 Term Loan (2) | ​ | ​ | 100,000 | ​ | January 2027 | ​ | ​ | 30-day SOFR + 0.10% + [1.25% - 2.20%]
2028 Term Loan (3) | ​ | ​ | 100,000 | ​ | January 2028 | ​ | ​ | 30-day SOFR + 0.10% + [1.20% - 2.15%]
3.875% Convertible Senior Notes due 2025 | ​ | ​ | 51,034 | ​ | April 2025 | ​ | ​ | 3.875%
Mortgage Note Payable | ​ | ​ | 17,800 | ​ | August 2026 | ​ | ​ | 4.060%
Total Long-Term Face Value Debt | ​ | $ | 447,584 | ​ | ​ | ​ | ​ | ​ | ​
(1) | The Company utilized interest rate swaps on the $65.0 million 2026 Term Loan balance to fix SOFR and achieve a weighted average fixed swap rate of 0.26% plus the 10 bps SOFR adjustment plus the applicable spread.
(2) | The Company utilized interest rate swaps on the $100.0 million 2027 Term Loan balance to fix SOFR and achieve a fixed swap rate of 0.64% plus the 10 bps SOFR adjustment plus the applicable spread
(3) | The Company entered into interest rate swaps on the $100.0 million 2028 Term Loan balance to fix SOFR and achieve a weighted average fixed swap rate of 3.78% plus the 10 bps SOFR adjustment plus the applicable spread.
​
Schedule of components of long-term debt | Long-term debt consisted of the following (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2022 | ​ | December 31, 2021
​ |  | Total |  | Due Within One Year |  | Total |  | Due Within One Year
Credit Facility | ​ | $ | 113,750 | ​ | $ | — | ​ | $ | 67,000 | ​ | $ | —
2026 Term Loan | ​ | ​ | 65,000 | ​ | ​ | — | ​ | ​ | 65,000 | ​ | ​ | —
2027 Term Loan | ​ | ​ | 100,000 | ​ | ​ | — | ​ | ​ | 100,000 | ​ | ​ | —
2028 Term Loan | ​ | ​ | 100,000 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
3.875% Convertible Senior Notes, net of Discount | ​ | ​ | 50,670 | ​ | ​ | — | ​ | ​ | 47,469 | ​ | ​ | —
Mortgage Note Payable | ​ | ​ | 17,800 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | ​
Financing Costs, net of Accumulated Amortization | ​ | ​ | (1,637) | ​ | ​ | — | ​ | ​ | (1,196) | ​ | ​ | —
Total Long-Term Debt | ​ | $ | 445,583 | ​ | $ | — | ​ | $ | 278,273 | ​ | $ | —
​
Schedule of payments applicable to reduction of principal amounts | ​
​ | ​ | ​ | ​
As of December 31, 2022 |  | Amount
2023 | ​ | $ | —
2024 | ​ | ​ | —
2025 | ​ | ​ | 51,034
2026 | ​ | ​ | 82,800
2027 | ​ | ​ | 213,750
2028 and Thereafter | ​ | ​ | 100,000
Total Long-Term Debt - Face Value | ​ | $ | 447,584
​
Schedule of carrying value of long-term debt | The carrying value of long-term debt as of December 31, 2022 consisted of the following (in thousands):
​ | ​ | ​ | ​
​ |  | Total
Current Face Amount | ​ | $ | 447,584
Unamortized Discount on Convertible Debt | ​ | ​ | (364)
Financing Costs, net of Accumulated Amortization | ​ | ​ | (1,637)
Total Long-Term Debt | ​ | $ | 445,583
Schedule of interest expense on debt | The following table reflects a summary of interest expense incurred and paid during the years ended December 31, 2022, 2021 and 2020 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended
​ | ​ | December 31, 2022 | ​ | December 31, 2021 | ​ | December 31, 2020
Interest Expense | ​ | $ | 10,171 | ​ | $ | 7,065 | ​ | $ | 9,005
Amortization of Deferred Financing Costs | ​ | ​ | 755 | ​ | ​ | 586 | ​ | ​ | 454
Amortization of Discount on Convertible Notes | ​ | ​ | 189 | ​ | ​ | 1,278 | ​ | ​ | 1,379
Total Interest Expense | ​ | $ | 11,115 | ​ | $ | 8,929 | ​ | $ | 10,838
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total Interest Paid | ​ | $ | 9,862 | ​ | $ | 7,274 | ​ | $ | 9,716
​

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