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Debt Obligations (Tables)

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Schedule of Debt Obligations

The Company’s debt obligations as of June 30, 2024 and December 31, 2023 were as follows: 

			June 30, 2024						December 31, 2023
			(in thousands)
2028 Notes			$	300,000					$	300,000
ABL Credit Facility			52,000						57,000
Short-term debt (1)			730						2,859
Total debt before deferred financing costs			$	352,730					$	359,859
Deferred financing costs			(33,252)						(36,480)
Total debt			$	319,478					$	323,379
Less: Current portion of long-term debt			(730)						(2,859)
Long-term debt			$	318,748					$	320,520

(1)The weighted average interest rate of short-term debt outstanding was 8.2% at both June 30, 2024 and December 31, 2023.

Schedule of Debt Instrument Redemption

On and after February 1, 2026, the Company may redeem the 2028 Notes, in whole or in part, at the redemption prices (expressed as percentages of principal amount of the 2028 Notes to be redeemed) set forth below, plus accrued and unpaid interest, if any, to, but excluding the date of redemption, if redeemed during the periods indicated:

						Redemption Price
February 1, 2026 to January 31, 2027						106.500		%
February 1, 2027 to October 31, 2027						103.250		%
November 1, 2027 and thereafter						100.000		%

Schedule of Fair Value of Debt Obligations

The estimated fair value of the Company’s debt obligations as of June 30, 2024 and December 31, 2023 was as follows:

			June 30, 2024						December 31, 2023
			(in thousands)
2028 Notes			$	246,000					$	264,750
ABL Credit Facility			$	52,000					$	57,000
Short-term debt			$	703					$	2,859

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