Annual report [Section 13 and 15(d), not S-K Item 405]

DEBT (Details)

v3.26.1
DEBT (Details)
1 Months Ended 12 Months Ended
Feb. 12, 2025
USD ($)
Jan. 28, 2025
USD ($)
item
May 31, 2023
USD ($)
Dec. 31, 2025
USD ($)
Jan. 13, 2025
Dec. 31, 2024
USD ($)
Dec. 31, 2023
DEBT              
Debt, fair value       $ 328,821,000   $ 397,887,000  
Outstanding principal amount       350,813,000   $ 393,223,000  
Purchase of government securities       5,348,000      
Loss on extinguishment of debt       15,015,000      
Term for periodic prepayments of debt   3 months          
Term of following prepayments   5 days          
10.75% Notes              
DEBT              
Principal amount   $ 350,000,000          
Debt, fair value       $ 320,208,000      
Debt instrument, interest rate, stated percentage   10.75%   10.75%   10.75%  
Debt Instrument, Interest Rate, Effective Percentage       11.50%      
Outstanding principal amount       $ 342,355,000      
10.75% Notes | Redemption Prior To February 1, 2027 With Applicable Premium              
DEBT              
Debt instrument, interest rate, stated percentage   110.75%          
Redemption price, percentage   100.00%          
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed   35.00%          
10.75% Notes | Redemption From February 1, 2027 To January 31, 2028              
DEBT              
Debt instrument, interest rate, stated percentage   105.375%          
10.75% Notes | Redemption From February 1, 2028 And Thereafter              
DEBT              
Debt instrument, interest rate, stated percentage   100.00%          
Term Loan              
DEBT              
Debt, fair value           $ 109,727,000  
Repayment of principal   $ 114,200,000          
Outstanding principal amount           112,132,000  
11.75% Senior Second Lien Notes              
DEBT              
Principal amount   $ 269,700,000          
Debt, fair value           $ 278,765,000  
Debt instrument, interest rate, stated percentage   11.75%   11.75% 11.75% 11.75% 11.75%
Purchase price   $ 1,036.25          
Aggregate principal amount $ 89,000 1,000,000          
Debt instrument plus accrued interest 89,905            
Outstanding principal amount 5,200,000         $ 272,081,000  
Purchase of government securities $ 5,300,000            
Loss on extinguishment of debt       $ 15,000,000      
TVPX Loan              
DEBT              
Debt, fair value       8,613,000   9,395,000  
Outstanding principal amount       $ 8,458,000   $ 9,010,000  
TVPX Loan | Related party              
DEBT              
Principal amount     $ 11,800,000        
Debt, fair value     $ 10,100,000        
Debt instrument, interest rate, stated percentage     2.49%        
Debt Instrument, Interest Rate, Effective Percentage       9.00%      
Purchase price of aircraft     $ 19,100,000        
Purchase price paid using cash on hand     9,000,000        
Monthly amortization payments     91,700        
Balloon payment     $ 8,000,000        
Credit Facility              
DEBT              
Line of credit facility, maximum borrowing capacity   50,000,000          
Percentage of quarterly commitment fee   0.5          
Annual Administrative Fee Payable   $ 45,000          
Ratio of consolidated total debt to consolidated adjusted earnings   2          
Percentage of excess cash flow   75.00%          
Debt Instrument, Covenant, Current Ratio   1          
Covenant Consolidated Leverage Ratio, Tested on Rolling Period | item   4          
Minimum credit exposure required   $ 20,000,000          
Borrowings outstanding       $ 0      
Credit Facility | SOFR              
DEBT              
Debt Instrument, Basis Spread on Variable Rate   1.00%          
Credit Facility | Base rate              
DEBT              
Debt Instrument, Basis Spread on Variable Rate   1.00%          
Credit Facility | Minimum              
DEBT              
Commitment fee percentage for unused Portion   3.75%          
Minimum PDP   $ 100,000,000          
Credit Facility | Minimum | SOFR              
DEBT              
Debt Instrument, Basis Spread on Variable Rate   3.75%          
Credit Facility | Minimum | Base rate              
DEBT              
Debt Instrument, Basis Spread on Variable Rate   2.75%          
Credit Facility | Maximum              
DEBT              
Commitment fee percentage for unused Portion   4.75%          
Ratio of consolidated total debt to consolidated adjusted earnings   2.5          
Credit Facility | Maximum | SOFR              
DEBT              
Debt Instrument, Basis Spread on Variable Rate   4.75%          
Credit Facility | Maximum | Base rate              
DEBT              
Debt Instrument, Basis Spread on Variable Rate   3.75%          
Credit Facility | Letter of Credit              
DEBT              
Line of credit facility, maximum borrowing capacity   $ 10,000,000          
Outstanding principal amount       6,100,000      
Remaining Borrowing Capacity       $ 43,900,000