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

6 Months Ended

Jun. 30, 2020

Debt Disclosure [Abstract]

Schedule of maturities of principal obligations

As of June 30, 2020, the Company’s maturities of principal obligations under its long-term debt and other borrowings are as follows:

(in thousands)	Amount
Remainder of 2020	$	8,607
2021	21,927
2022	30,643
2023	15,972
2024	148,750
Total principal outstanding	225,899
Unamortized debt premium	1,566
Unamortized debt issuance costs	(687)
Finance lease liabilities	375
Total	227,153
Less: current portion	(17,143)
Total long-term debt, net and other borrowings	$	210,010

Schedule of total net leverage ratio

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

2020 Amended Credit Agreement
Period	Total Net Leverage Ratio
Q1 2021	5.50 to 1.00
Q2 2021	3.75 to 1.00
Thereafter	3.50 to 1.00
Period	Interest Coverage Ratio
Q2 2020 to Q1 2021	2.00 to 1.00
Thereafter	3.00 to 1.00