Quarterly report pursuant to Section 13 or 15(d)

Debt and Interest Rate Swap (Tables)

v3.21.2
Debt and Interest Rate Swap (Tables)
 6 Months Ended
Jun. 30, 2021
Debt Disclosure [Abstract]  
Schedule of Debt The carrying amount of the Company’s long-term debt consists of the following:
June 30,
2021		 December 31,
2020
(in thousands)
Principal balance:
Initial term loan under June 23, 2021 credit agreement $ 350,000  $ — 
Initial term loan under May 12, 2017 credit agreement —  212,000 
Incremental term loan under May 12, 2017 credit agreement, as amended —  157,812 
Total principal balance 350,000  369,812 
Less:
     Unamortized debt discount (873) (1,767)
     Unamortized debt issuance costs (3,243) (4,453)
Net carrying amount of long-term debt 345,884  363,592 
Less: current portion of long-term debt (2,862) — 
Long-term debt, non-current portion $ 343,022  $ 363,592 
Schedule of Maturities of Long-term Debt As of June 30, 2021, aggregate future payments of principal are as follows:
Amount
(in thousands)
2021 (6 months) $ 1,750 
2022 3,500 
2023 3,500 
2024 3,500 
2025 3,500 
Thereafter 334,250 
Total principal payments due 350,000 
Less: current portion (3,500)
Long-term debt principal, non-current portion $ 346,500