INDEBTEDNESS (Tables)

3 Months Ended

Mar. 31, 2022

INDEBTEDNESS

Schedule of carrying value of the current and non-current components of the term loan

	Current
	March 31,		December 31,
(in thousands)	2022		2021
Current borrowing on debt	$	3,000	$	3,000
Deferred financing costs		(2,150)		(2,150)
Current debt, net of deferred financing costs	$	850	$	850

	Non-Current
	March 31,		December 31,
(in thousands)	2022		2021
Non-current borrowing on debt	$	296,250	$	297,000
Deferred financing costs		(9,943)		(10,480)
Non-current debt, net of deferred financing costs and current component	$	286,307	$	286,520

Schedule of contractual maturity of term loan and DDTL

The contractual maturity of our Term Facility is as follows for the years ending December 31:

(in thousands)	Term Facility
2022	$	2,250
2023		3,000
2024		3,000
2025		3,000
2026		3,000
2027 and thereafter		285,000
Total	$	299,250

Schedule of components of total interest expense related to the notes and term loan

The following table sets forth the components of total interest expense related to the Term Facility during the three months ended March 21, 2022 and interest expense under the Prior Credit Agreement during the three months ended March 31, 2021, as recognized in the accompanying unaudited interim condensed consolidated statements of operations for the three months ended March 31, 2022 and 2021:

	Three Months Ended
	March 31,		March 31,
(in thousands)	2022		2021
Contractual coupon	$	6,058	$	2,304
Amortization of finance fees		591		177
Capitalized interest		(30)		(26)
	$	6,619	$	2,455