Annual report pursuant to Section 13 and 15(d)

Debt and Interest Rate Swap (Tables)

v3.22.0.1
Debt and Interest Rate Swap (Tables)
12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Debt The carrying amount of the Company’s long-term debt consists of the following:
December 31,
2021
December 31,
2020
(in thousands)
Principal balance:
Initial term loan under June 23, 2021 credit agreement $ 310,000  $ — 
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 310,000  369,812 
Less:
     Unamortized debt discount (816) (1,767)
     Unamortized debt issuance costs (3,031) (4,453)
Net carrying amount of long-term debt 306,153  363,592 
Less: current portion of long-term debt —  — 
Long-term debt, non-current portion $ 306,153  $ 363,592