Debt (Tables)

9 Months Ended

Sep. 30, 2021

Debt Disclosure [Abstract]

Summary of Debt

Debt consisted of the following:

	September 30, 2021		December 31, 2020
Term loan facility due 2026	$	148,125	$	—
Revolving credit facility due 2026	31,300		—
Term loan and security agreement due 2023	—		150,950
Unamortized issuance costs and discount	(734)		(4,374)
	$	178,691	$	146,576
Less: current portion, net of unamortized issuance costs and discount of $0.0 million at September 30, 2021 and $1.9 million at December 31, 2020, respectively	(8,438)		(2,429)
Total long-term debt, net of current portion	$	170,253	$	144,147

Margin for Borrowings under Revolving Credit Facility

Amounts outstanding under the Credit Facilities and the commitment fee payable in connection with the Credit Facilities accrue interest at a per annum rate equal to (at the Company’s option) the base rate or the Eurodollar rate plus a rate which will vary according to the Consolidated Total Leverage Ratio as set forth in the most recent compliance certificate received by the Administrative Agent, as set out in the following table:

Pricing Tier	Consolidated Total Leverage Ratio	Commitment Fee	Letter of Credit Fee	Eurodollar Rate Loans	Base Rate Loans
I	> 3.00 to 1.00	0.30%	3.00%	3.00%	2.00%
II	< 3.00 to 1.00 but > 2.00 to 1.00	0.25%	2.75%	2.75%	1.75%
III	< 2.00 to 1.00 but >1.50 to 1.00	0.20%	2.50%	2.50%	1.50%
IV	< 1.50 to 1.00	0.20%	2.25%	2.25%	1.25%