Debt Obligations (Tables)

3 Months Ended

Mar. 31, 2020

Debt Obligations

Schedule of components of debt obligations

Debt obligations consist of the following (in thousands):

	March 31,		December 31,
	2020		2019
Revolving credit facility	$	150,000	$	28,000
Term loan		140,625		150,000
Notes to former owners		43,667		48,483
Total principal amount		334,292		226,483
Less—unamortized debt issuance costs		(329)		(348)
Total debt, net of unamortized debt issuance costs		333,963		226,135
Less—current portion		(850)		(20,817)
Total long-term portion of debt, net	$	333,113	$	205,318

Summary of additional margins

	Consolidated Total Indebtedness to
	Credit Facility Adjusted EBITDA
	Less than 1.00		1.00 to 1.75		1.75 to 2.50		2.50 or greater
Additional Per Annum Interest Margin Added Under:
Base Rate Loan Option	0.25	%	0.50	%	0.75	%	1.00	%
Eurodollar Rate Loan Option	1.25	%	1.50	%	1.75	%	2.00	%