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Debt (Tables)
3 Months Ended
Mar. 31, 2022
Debt Disclosure [Abstract]  
Debt

Debt at March 31, 2022, consisted of the following (in thousands):

 

 

 

 

 

 

Principal

 

 

Unamortized Discount

 

 

Total

 

Term Loan Credit Agreement

 

$

55,000

 

 

$

(231

)

 

$

54,769

 

Less: current portion of term loan

 

 

 

 

 

 

 

 

 

Non-current portion of term loan

 

$

55,000

 

 

$

(231

)

 

$

54,769

 

 

 

 

 

 

 

 

 

 

 

 

 

Debt at December 31, 2021, consisted of the following (in thousands):

 

 

 

Principal

 

 

Unamortized Discount

 

 

Net Carrying
Value

 

Term Loan Credit Agreement

 

$

55,000

 

 

$

(276

)

 

$

54,724

 

Less: current portion of term loan

 

 

 

 

 

 

 

 

 

Non-current portion of term loan

 

$

55,000

 

 

$

(276

)

 

$

54,724

 

Expected Principal, Interest and Fee Payments on Term Loan Credit Agreement

Principal, interest and fee payments on Term Loan Credit Agreement at March 31, 2022, are expected to be as follows (in thousands):

 

Year ended December 31,

 

Principal

 

 

Interest and Fees

 

 

Total

 

2022

 

$

 

 

$

3,151

 

 

$

3,151

 

2023

 

 

41,250

 

 

 

3,134

 

 

 

44,384

 

2024

 

 

13,750

 

 

 

1,826

 

 

 

15,576

 

Total

 

$

55,000

 

 

$

8,111

 

 

$

63,111