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DEBT (Tables) | 3 Months Ended
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Mar. 31, 2023
Debt Disclosure [Abstract] |
Schedule of Long-Term Debt | As of March 31, 2023 and December 31, 2022, our total long-term debt and finance lease obligations are summarized as follows (in thousands):
| March 31, 2023 |  | December 31, 2022
| (unaudited) |  |
2022 ABL Credit Facility | $ | 93,915 |  |  | $ | 99,916 |
APSC Term Loan | 33,599 |  |  | 31,562 |
Subordinated Term Loan | 114,756 |  |  | 107,905 |
Total | 242,270 |  |  | 239,383 |
Convertible Debt 1 | 40,922 |  |  | 40,650 |
Finance lease obligations 2 | 5,751 |  |  | 5,902 |
Total long-term debt and finance lease obligations | 288,943 |  |  | 285,935 |
Current portion of long-term debt and finance lease obligations | (284,102) |  |  | (280,993) |
Total long-term debt and finance lease obligations, less current portion | $ | 4,841 |  |  | $ | 4,942 |
_________________ 1 Comprised of principal amount outstanding, less unamortized discount and issuance costs. See Convertible Debt section below for additional information. 2 Excludes finance lease obligations associated with discontinued operations.
Schedule of Warrants or Rights | As of March 31, 2023 and December 31, 2022, we held the following warrants:
| Original |  | After Reverse Stock Split (Effective date December 22, 2022)
Holder | Date | Number of shares | Exercise price | Expiration date |  | Number of shares | Exercise price |  | Expiration date
APSC Holdco II, LP |  |  |  |  |  |  |  |  |
Original, as awarded | 12/18/2020 | 3,582,949 | $ | 7.75 |  | 6/14/2028 |  |  |  |  |
Amended | 11/9/2021 | 500,000 | $ | 1.50 |  | 6/14/2028 |  |  |  |  |
Amended | 12/8/2021 | 917,051 | $ | 1.50 |  | 12/8/2028 |  |  |  |  |
Total APSC |  | 5,000,000 | $ | 1.50 |  | 12/8/2028 |  | 500,000 | $ | 15.00 |  |  | 12/8/2028
Corre | 12/8/2021 | 5,000,000 | $ | 1.50 |  | 12/8/2028 |  | 500,000 | $ | 15.00 |  |  | 12/8/2028
Total warrants |  | 10,000,000 |  |  |  | 1,000,000 |  |  |
Schedule of Convertible Debt | As of March 31, 2023 and December 31, 2022, the Notes were recorded in our condensed consolidated balance sheet as follows (in thousands):
| March 31, 2023 |  | December 31, 2022
| (unaudited) |  |
Liability component: |  |  |
Principal | $ | 41,162 |  |  | $ | 41,162 |
Unamortized issuance costs | (177) |  |  | (377) |
Unamortized discount | (63) |  |  | (135) |
Net carrying amount of the liability component 1 | $ | 40,922 |  |  | $ | 40,650 |
Equity component: |  |  |
Carrying amount of the equity component, net of issuance costs 2 | $ | 37,276 |  |  | $ | 37,276 |
_________________ 1 Included in the “Current portion of long-term debt and finance lease obligations” line of the condensed consolidated balance sheets. 2 Relates to the portion of the Notes accounted for under ASC 815-15 (defined below) and is included in the “Additional paid-in capital” line of the condensed consolidated balance sheets.

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- Definition Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5047-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section S99 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6784392&loc=d3e188667-122775 + Details
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