Annual report pursuant to Section 13 and 15(d)

Debt and Interest Rate Swap (Tables)

v3.20.4
Debt and Interest Rate Swap (Tables)
 12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Schedule of Debt [Table Text Block]
The carrying amount of the Company's long-term debt consists of the following:
December 31, 2020 December 31, 2019
(in thousands)
Principal balance:
Initial term loan $ 212,000  $ 212,000 
Incremental term loan 157,812  — 
369,812  212,000 
Less:
     Unamortized debt discount (1,767) (1,328)
     Unamortized debt issuance costs (4,453) (3,763)
Net carrying amount of long-term debt 363,592  206,909 
Less: current portion of long-term debt —  — 
Long-term debt, non-current portion $ 363,592  $ 206,909 
Schedule of Maturities of Long-term Debt
As of December 31, 2020, future payments of principal are as follows:
Amount
(in thousands)
2021 $ — 
2022 15,312 
2023 142,500 
2024 212,000 
Total principal payments due 369,812 
Less: current portion — 
Long-term debt principal, non-current portion $ 369,812