Quarterly report pursuant to Section 13 or 15(d)

Debt and Interest Rate Swap (Tables)

v3.21.2
Debt and Interest Rate Swap (Tables)
 9 Months Ended
Sep. 30, 2021
Debt Disclosure [Abstract]  
Schedule of Debt The carrying amount of the Company’s long-term debt consists of the following:
September 30,
2021		 December 31,
2020
(in thousands)
Principal balance:
Initial term loan under June 23, 2021 credit agreement $ 330,000  $ — 
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 330,000  369,812 
Less:
     Unamortized debt discount (840) (1,767)
     Unamortized debt issuance costs (3,133) (4,453)
Net carrying amount of long-term debt 326,027  363,592 
Less: current portion of long-term debt —  — 
Long-term debt, non-current portion $ 326,027  $ 363,592 
Schedule of Maturities of Long-term Debt As of September 30, 2021, aggregate future payments of principal are as follows:
Amount
(in thousands)
2021 (3 months) $ — 
2022 — 
2023 — 
2024 — 
2025 — 
Thereafter 330,000 
Total principal payments due 330,000 
Less: current portion — 
Long-term debt principal, non-current portion $ 330,000