Borrowings (Tables)

3 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Schedule of Outstanding Borrowings

The following table summarizes the outstanding borrowings from the term loan described below, as of the dates presented:

	March 31, 2020		December 31, 2019
	(in thousands)
Principal outstanding	$	40,000	$	40,000
Less: Unamortized debt issuance costs	(712)		(777)
Outstanding debt, net of debt issuance costs	$	39,288	$	39,223
Classified as:
Current portion of long-term borrowings	$	8,731	$	4,358
Long-term borrowings	$	30,557	$	34,865

Schedule of Annual Future Minimum Principal Payments Under Loan Agreements

The table below summarizes annual future minimum principal payments under the loan agreement as of March 31, 2020:

Year ending December 31,	(in thousands)
2020 (remaining nine months)	$	4,444
2021	17,778
2022	17,778
Total future minimum payments	40,000
Less: Amount representing debt issuance costs	(712)
Long-term borrowings	$	39,288