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LONG-TERM DEBT (Tables) | 12 Months Ended
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Dec. 31, 2023
LONG-TERM DEBT |
Schedule of outstanding indebtedness, at face value | As of December 31, 2023, the Company’s outstanding indebtedness, at face value, was as follows (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Face Value Debt |  | Maturity Date |  | Interest Rate
Credit Facility (1) | ​ | $ | 163,000 | ​ | January 2027 | ​ | ​ | SOFR + 0.10% + [1.25% - 2.20%]
2026 Term Loan (2) | ​ | ​ | 65,000 | ​ | March 2026 | ​ | ​ | SOFR + 0.10% + [1.25% - 2.20%]
2027 Term Loan (3) | ​ | ​ | 100,000 | ​ | January 2027 | ​ | ​ | SOFR + 0.10% + [1.25% - 2.20%]
2028 Term Loan (4) | ​ | ​ | 100,000 | ​ | January 2028 | ​ | ​ | 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 | ​ | $ | 496,834 | ​ | ​ | ​ | ​ | ​ | ​
(1) | The Company utilized interest rate swaps on $100.0 million of the Credit Facility balance to fix SOFR and achieve a weighted average fixed swap rate of 3.28% plus the 10 bps SOFR adjustment plus the applicable spread. Another forward swap for $50.0 million of the Credit Facility balance was effective on February 1, 2024.
(2) | 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.
(3) | 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.
(4) | 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, 2023 | ​ | December 31, 2022
​ |  | Total |  | Due Within One Year |  | Total |  | Due Within One Year
Credit Facility | ​ | $ | 163,000 | ​ | $ | — | ​ | $ | 113,750 | ​ | $ | —
2026 Term Loan | ​ | ​ | 65,000 | ​ | ​ | — | ​ | ​ | 65,000 | ​ | ​ | —
2027 Term Loan | ​ | ​ | 100,000 | ​ | ​ | — | ​ | ​ | 100,000 | ​ | ​ | —
2028 Term Loan | ​ | ​ | 100,000 | ​ | ​ | — | ​ | ​ | 100,000 | ​ | ​ | —
3.875% Convertible Senior Notes, net of Discount | ​ | ​ | 50,830 | ​ | ​ | — | ​ | ​ | 50,670 | ​ | ​ | —
Mortgage Note Payable | ​ | ​ | 17,800 | ​ | ​ | — | ​ | ​ | 17,800 | ​ | ​ | —
Financing Costs, net of Accumulated Amortization | ​ | ​ | (1,260) | ​ | ​ | — | ​ | ​ | (1,637) | ​ | ​ | —
Total Long-Term Debt | ​ | $ | 495,370 | ​ | $ | — | ​ | $ | 445,583 | ​ | $ | —
Schedule of payments applicable to reduction of principal amounts | Payments applicable to reduction of principal amounts as of December 31, 2023 will be required as follows (in thousands):
​ | ​ | ​ | ​
As of December 31, 2023 |  | Amount
2024 | ​ | $ | —
2025 | ​ | ​ | 51,034
2026 | ​ | ​ | 82,800
2027 | ​ | ​ | 263,000
2028 | ​ | ​ | 100,000
2029 and Thereafter | ​ | ​ | —
Total Long-Term Debt - Face Value | ​ | $ | 496,834
Schedule of carrying value of long-term debt | The carrying value of long-term debt as of December 31, 2023 consisted of the following (in thousands):
​ | ​ | ​ | ​
​ |  | Total
Current Face Amount | ​ | $ | 496,834
Unamortized Discount on Convertible Debt | ​ | ​ | (204)
Financing Costs, net of Accumulated Amortization | ​ | ​ | (1,260)
Total Long-Term Debt | ​ | $ | 495,370
Schedule of interest expense on debt | The following table reflects a summary of interest expense incurred and paid during the years ended December 31, 2023, 2022 and 2021 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended
​ | ​ | December 31, 2023 | ​ | December 31, 2022 | ​ | December 31, 2021
Interest Expense | ​ | $ | 21,230 | ​ | $ | 10,171 | ​ | $ | 7,065
Amortization of Deferred Financing Costs | ​ | ​ | 970 | ​ | ​ | 755 | ​ | ​ | 586
Amortization of Discount on Convertible Notes | ​ | ​ | 159 | ​ | ​ | 189 | ​ | ​ | 1,278
Total Interest Expense | ​ | $ | 22,359 | ​ | $ | 11,115 | ​ | $ | 8,929
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total Interest Paid (1) | ​ | $ | 21,636 | ​ | $ | 9,862 | ​ | $ | 7,274
(1) | Includes capitalized interest of $0.3 million and $0.2 million during the years ended December 31, 2023 and 2022, respectively, with no interest capitalized during the year ended December 31, 2021.

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