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

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Schedule of maturities of principal obligations

As of September 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	$	4,328
2021	19,588
2022	26,217
2023	22,928
2024	148,750
Total principal outstanding	221,811
Unamortized debt premium	1,230
Unamortized debt issuance costs	(644)
Finance lease liabilities	410
Total	222,807
Less: current portion	(18,138)
Total long-term debt, net and other borrowings	$	204,669

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
Q3 2020 to Q1 2021	2.00 to 1.00
Thereafter	3.00 to 1.00