Borrowings (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Schedule of Company's Debt Position

The following tables summarizes the Company’s debt position as of December 31, 2021 and 2020.

	As of December 31, 2021				As of December 31, 2020
	Revolving Credit Facility		Total		Revolving Credit Facility		Notes		Total
Current portion of long-term borrowings	$	260,016	$	260,016	$	25,000	$	—	$	25,000
Long-term borrowings	$	—	$	—	$	64,000	$	150,000	$	214,000
Unamortized debt discount	—		—		—		(11,236)		(11,236)
Unamortized debt issuance costs*	—		—		—		(803)		(803)
Long-term borrowings	$	—	$	—	$	64,000	$	137,961	$	201,961
Total borrowings	$	260,016	$	260,016	$	89,000	$	137,961	$	226,961

*Unamortized debt issuance costs for the Company’s revolving Credit Facility of $232 and $490 as of December 31, 2021 and 2020, respectively, are presented under “Other current assets” and “Other assets,” as applicable in the consolidated balance sheets.

Schedule of Credit Facilities Carried an Effective Interest Rate

The revolving Credit Facility carried an effective interest rate as shown below.

	Year ended December 31,
	2021		2020		2019
Effective Interest Rate	1.7	%	2.3	%	4.0	%

The Notes carried an effective interest rate as shown below:

	Year ended December 31,
	2021		2020		2019
Effective Interest Rate	3.6	%	3.6	%	3.6	%

Schedule of Interest Expense Debt Recognized

During the years ended December 31, 2021, 2020 and 2019, the Company recognized interest expense and amortization of debt discount on the Notes as below:

	Year ended December 31,
		2021		2020		2019
Interest expense on the Notes		$	3,442	$	5,250	$	5,206
Amortization of debt discount on the Notes		$	1,795	$	2,616	$	2,472

Schedule of Principal Maturities of Borrowings

Expected payments for all of the Company's borrowings as of December 31, 2021 were as follows:

	Revolving Credit Facility		Interest payments
2022	$	260,016	$	2,510