INDEBTEDNESS (Tables)

12 Months Ended

Dec. 31, 2019

INDEBTEDNESS

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

The carrying value of the current and non-current components of the Term Loan and DDTL as of December 31, 2019 and 2018 are:

	Current
(in thousands)	2019		2018
Current borrowing on secured Term Loan and Delayed Draw Term Loan	$	10,412	$	3,609
Deferred financing costs		(471)		(353)
Current component of Term Loan and Delayed Draw Term Loan, net of deferred financing costs	$	9,941	$	3,256

	Non-Current
(in thousands)	2019		2018
Non-current borrowing on secured Term Loan and Delayed Draw Term Loan	$	177,069	$	68,578
Deferred financing costs		(1,261)		(1,282)
Term Loan and Delayed Draw Term Loan, net of deferred financing costs and current component	$	175,808	$	67,296

Schedule of contractual maturity of term loan and DDTL

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

(in thousands)	Term Loan		DDTL
2020	$	4,512	$	5,900
2021		5,414		5,900
2022		5,414		8,850
2023		54,141		97,350
Total	$	69,481	$	118,000

Summary of carrying value of the notes

The carrying value of the Notes is as follows as of December 31:

(in thousands)	2019		2018
Principal amount	$	—	$	118,750
Unamortized debt discount		—		(5,648)
Deferred financing costs		—		(639)
Net carrying value	$	—	$	112,463

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 Notes, Term Loan, and DDTL recognized in our consolidated statements of operations for the year ended December 31:

(in thousands)	2019		2018		2017
Contractual coupon	$	6,635	$	7,170	$	4,313
Amortization of debt discount		5,647		7,002		6,720
Amortization of finance fees		1,377		1,463		845
Capitalized interest		(191)		(724)		(554)
	$	13,468	$	14,911	$	11,324