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LONG-TERM DEBT (Tables) | 6 Months Ended
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Jun. 30, 2024
LONG-TERM DEBT |
Schedule of outstanding indebtedness, at face value | As of June 30, 2024, the Company’s outstanding indebtedness, at face value, was as follows (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Face Value Debt |  | Maturity Date |  | Interest Rate |  | Wtd. Avg. Rate as of June 30, 2024
Credit Facility (1) | ​ | $ | 150,000 | ​ | January 2027 | ​ | ​ | SOFR + 0.10% + [1.25% - 2.20%] | ​ | ​ | 5.07%
2026 Term Loan (2) | ​ | ​ | 65,000 | ​ | March 2026 | ​ | ​ | SOFR + 0.10% + [1.25% - 2.20%] | ​ | ​ | 2.87%
2027 Term Loan (3) | ​ | ​ | 100,000 | ​ | January 2027 | ​ | ​ | SOFR + 0.10% + [1.25% - 2.20%] | ​ | ​ | 2.95%
2028 Term Loan (4) | ​ | ​ | 100,000 | ​ | January 2028 | ​ | ​ | SOFR + 0.10% + [1.20% - 2.15%] | ​ | ​ | 5.33%
3.875% Convertible Senior Notes due 2025 | ​ | ​ | 51,034 | ​ | April 2025 | ​ | ​ | 3.875% | ​ | ​ | 3.88%
Mortgage Note Payable | ​ | ​ | 17,800 | ​ | August 2026 | ​ | ​ | 4.060% | ​ | ​ | 4.06%
Total Long-Term Face Value Debt | ​ | $ | 483,834 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 4.23%
(1) | The Company utilized interest rate swaps on $150.0 million of the Credit Facility balance to fix SOFR and achieve a weighted average fixed swap rate of 3.47% plus the 10 bps SOFR adjustment plus the applicable spread.
(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 1.27% 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 1.35% plus the 10 bps SOFR adjustment plus the applicable spread.
(4) | The Company utilized 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): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2024 | ​ | December 31, 2023
​ |  | Total |  | Due Within One Year |  | Total |  | Due Within One Year
Credit Facility | ​ | $ | 150,000 | ​ | $ | — | ​ | $ | 163,000 | ​ | $ | —
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 | ​ | ​ | 50,909 | ​ | ​ | — | ​ | ​ | 50,830 | ​ | ​ | —
Mortgage Note Payable | ​ | ​ | 17,800 | ​ | ​ | — | ​ | ​ | 17,800 | ​ | ​ | —
Financing Costs, net of Accumulated Amortization | ​ | ​ | (1,048) | ​ | ​ | — | ​ | ​ | (1,260) | ​ | ​ | —
Total Long-Term Debt | ​ | $ | 482,661 | ​ | $ | — | ​ | $ | 495,370 | ​ | $ | —
Schedule of payments applicable to reduction of principal amounts | ​ Payments applicable to reduction of principal amounts as of June 30, 2024 will be required as follows (in thousands): ​
​ | ​ | ​ | ​
As of June 30, 2024 |  | Amount
Remainder of 2024 | ​ | $ | —
2025 | ​ | ​ | 51,034
2026 | ​ | ​ | 82,800
2027 | ​ | ​ | 250,000
2028 | ​ | ​ | 100,000
2029 | ​ | ​ | —
2030 and Thereafter | ​ | ​ | —
Total Long-Term Debt - Face Value | ​ | $ | 483,834
Schedule of carrying value of long-term debt | The carrying value of long-term debt as of June 30, 2024 consisted of the following (in thousands):
​ | ​ | ​ | ​
​ |  | Total
Current Face Amount | ​ | $ | 483,834
Unamortized Discount on Convertible Debt | ​ | ​ | (125)
Financing Costs, net of Accumulated Amortization | ​ | ​ | (1,048)
Total Long-Term Debt | ​ | $ | 482,661
Schedule of interest expense on debt | The following table reflects a summary of interest expense incurred and paid during the three and six months ended June 30, 2024 and 2023 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended
​ | ​ | June 30, 2024 | ​ | June 30, 2023 | ​ | June 30, 2024 | ​ | June 30, 2023
Interest Expense | ​ | $ | 5,307 | ​ | $ | 4,930 | ​ | $ | 10,540 | ​ | $ | 9,282
Amortization of Deferred Financing Costs | ​ | ​ | 257 | ​ | ​ | 241 | ​ | ​ | 513 | ​ | ​ | 482
Amortization of Discount on Convertible Notes | ​ | ​ | 40 | ​ | ​ | 40 | ​ | ​ | 80 | ​ | ​ | 79
Total Interest Expense | ​ | $ | 5,604 | ​ | $ | 5,211 | ​ | $ | 11,133 | ​ | $ | 9,843
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total Interest Paid (1) | ​ | $ | 5,903 | ​ | $ | 5,321 | ​ | $ | 10,654 | ​ | $ | 9,589
(1) | Includes capitalized interest of $0.1 million during the three and six months ended June 30, 2024 and 2023.

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