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DEBT (Tables)

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Schedule of Line of Credit Facilities

As of March 31, 2024 and December 31, 2023, the total availability under the ABL Agreement were as follows (in thousands):

						March 31, 2024						December 31, 2023
Maximum aggregate principal allowed						$	146,084					$	181,919
Outstanding borrowings under the ABL Agreement						(40,860)						(60,395)
Standby letters of credit						(8,522)						(2,894)
Total availability under the ABL Agreement						$	96,702					$	118,630

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, 2024						December 31, 2023
Current portion of Term Loan:
Term Loan payment						$	9,375					$	7,500
Estimated Excess Cash Flow principal payment						4,000						—
Estimated unamortized debt issuance costs						(2,723)						(2,758)
Total Current portion of Term Loan						$	10,652					$	4,742
Non-current portion of Term Loan:
Term Loan, net of current portion						$	136,625					$	142,500
Estimated unamortized debt issuance costs						(5,999)						(6,666)
Total Non-current portion of Term Loan						$	130,626					$	135,834

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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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