Debt (Tables)

3 Months Ended

Mar. 31, 2022

Debt Disclosure [Abstract]

Summary of Debt

Debt consisted of the following:

	March 31, 2022		December 31, 2021
Term loan facility due 2026	$	144,375	$	146,250
Revolving credit facility due 2026	80,200		49,400
Unamortized discount and issuance costs	(654)		(694)
	$	223,921	$	194,956
Less: current portion, net of unamortized discount and issuance costs of $0.00 and $0.7 million, respectively	(10,313)		(9,375)
Total long-term debt, net of current portion	$	213,608	$	185,581

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%