Long-Term Debt, Net, and Other Borrowings (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Schedule of maturities of principal obligations under new term facility

As of December 31, 2019, the Company’s maturities of principal obligations under its long-term debt and other borrowings are as follows:

(in thousands)	Amount
2020	$	10,000
2021	10,000
2022	11,250
2023	15,000
2024	148,750
Total principal outstanding	195,000
Unamortized debt discount	(485		)
Unamortized debt issuance costs	(774		)
Finance lease liabilities	329
Total	194,070
Less: current portion	(10,143		)
Total long-term debt	$	183,927

Schedule of total net leverage ratio

The maximum total net leverage ratio permitted by the financial covenant is displayed in the table below:

2019 Facility Financial Covenant
Period	Consolidated Leverage Ratio
Q1 2020 to Q2 2020	4.00 to 1.00
Q3 2020 to Q2 2021	3.75 to 1.00
Thereafter	3.50 to 1.00