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Debt (Tables)
3 Months Ended
Mar. 31, 2019
Debt Disclosure [Abstract]  
Debt

Debt at March 31, 2019, consisted of the following (in thousands):

 

 

 

March 31, 2019

 

 

 

Principal

 

 

Unamortized

Discount

 

 

Total

 

Term Loan Credit Agreement

 

$

40,000

 

 

$

(567

)

 

$

39,433

 

Less: debt – current

 

 

 

 

 

 

 

 

 

Debt – non-current

 

$

40,000

 

 

$

(567

)

 

$

39,433

 

 

Debt at December 31, 2018, consisted of the following (in thousands):

 

 

 

December 31, 2018

 

 

 

Principal

 

 

Unamortized

Discount

 

 

Net Carrying

Value

 

Oxford Term Loan Agreement

 

$

30,000

 

 

$

(130

)

 

$

29,870

 

Less: debt – current

 

 

(7,857

)

 

 

 

 

 

(7,857

)

Debt – non-current

 

$

22,143

 

 

$

(130

)

 

$

22,013

 

 

Expected Principal, Interest and Fee Payments on Debt

 

Principal, interest and fee payments on debt at March 31, 2019, are expected to be as follows (in thousands):

 

Year ended December 31,

 

Principal

 

 

Interest and Fees

 

 

Total

 

2019

 

$

 

 

$

2,250

 

 

$

2,250

 

2020

 

 

 

 

 

3,335

 

 

 

3,335

 

2021

 

 

 

 

 

3,326

 

 

 

3,326

 

2022

 

 

15,000

 

 

 

2,909

 

 

 

17,909

 

2023

 

 

20,000

 

 

 

1,315

 

 

 

21,315

 

2024

 

 

5,000

 

 

 

1,270

 

 

 

6,270

 

Total

 

$

40,000

 

 

$

14,405

 

 

$

54,405