Quarterly report pursuant to Section 13 or 15(d)

Debt and Interest Rate Swap (Tables)

v3.20.2
Debt and Interest Rate Swap (Tables)
 9 Months Ended
Sep. 30, 2020
Debt Disclosure [Abstract]  
Schedule of Debt
The carrying amount of the Company's long-term debt consists of the following:
September 30,
2020		 December 31,
2019
(in thousands)
Principal balance:
Initial term loan $ 212,000  $ 212,000 
Incremental term loan 175,000  — 
Total principal balance 387,000  212,000 
Less:
     Unamortized debt discount (1,923) (1,328)
     Unamortized debt issuance costs (4,835) (3,763)
Net carrying amount of long-term debt 380,242  206,909 
Less: current portion of long-term debt (7,785) — 
Long-term debt, non-current portion $ 372,457  $ 206,909 
Schedule of Maturities of Long-term Debt
As of September 30, 2020, future payments of principal are as follows:
Amount
(in thousands)
2020 (3 months) $ 2,188 
2021 10,937 
2022 19,688 
2023 142,187 
2024 212,000 
Total principal payments due 387,000 
Less: current portion (8,750)
Long-term debt principal, non-current portion $ 378,250