Quarterly report pursuant to Section 13 or 15(d)

Debt and Interest Rate Swap (Tables)

v3.21.1
Debt and Interest Rate Swap (Tables)
 3 Months Ended
Mar. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Debt
The carrying amount of the Company’s long-term debt consists of the following:
March 31,
2021		 December 31,
2020
(in thousands)
Principal balance:
Initial term loan $ 212,000  $ 212,000 
Incremental term loan 137,812  157,812 
Total principal balance 349,812  369,812 
Less:
     Unamortized debt discount (1,615) (1,767)
     Unamortized debt issuance costs (4,081) (4,453)
Net carrying amount of long-term debt 344,116  363,592 
Less: current portion of long-term debt —  — 
Long-term debt, non-current portion $ 344,116  $ 363,592 
Schedule of Maturities of Long-term Debt
As of March 31, 2021, aggregate future payments of principal are as follows:
Amount
(in thousands)
2021 (9 months) $ — 
2022 6,562 
2023 131,250 
2024 212,000 
2025 — 
Total principal payments due 349,812 
Less: current portion — 
Long-term debt principal, non-current portion $ 349,812