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DEBT (Tables)

3 Months Ended

Mar. 31, 2023

Debt Disclosure [Abstract]

Schedule of Line of Credit Facilities

As of March 31, 2023 and December 31, 2022, the total availability under the ABL Agreement was as follows (in thousands):

						March 31, 2023						December 31, 2022
Maximum aggregate principal allowed						$	165,628					$	189,411
Outstanding borrowings under the ABL Agreement						(20,520)						(10,424)
Standby letters of credit						(3,090)						(2,765)
Total availability under the ABL Agreement						$	142,018					$	176,222

Schedule of Long-term Debt Instruments

The current and non-current portions of the Company’s Term Loan included in the condensed consolidated balance sheets were as follows (in thousands):

						March 31, 2023						December 31, 2022
Current portion of Term Loan:
Estimated Excess Cash Flow principal payment						$	9,000					$	—
Estimated unamortized debt issuance costs						(1,409)						—
Total Current portion of Term Loan						$	7,591					$	—
Non-current portion of Term Loan:
Term Loan, net of current portion						$	236,911					$	245,911
Estimated unamortized debt issuance costs						(1,292)						(3,054)
Total Non-current portion of Term Loan						$	235,619					$	242,857

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line.

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