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Debt
3 Months Ended
Mar. 31, 2019
Debt Disclosure [Abstract]  
Debt

(8) Debt

Debt consisted of the following (in thousands):

 

 

 

As of

 

 

 

March 31,

 

 

December 31,

 

 

 

2019

 

 

2018

 

Term loan

 

$

56,438

 

 

$

80,438

 

Less unamortized discount

 

 

(258

)

 

 

(282

)

Less unamortized term loan debt issuance costs

 

 

(399

)

 

 

(435

)

Long-term debt, net, less current portion

 

$

55,781

 

 

$

79,721

 

 

Principal payments on debt are due as follows (in thousands):

 

2019 (remaining)

 

 

-

 

2020

 

 

-

 

2021

 

 

56,438

 

Total

 

$

56,438

 

 

The estimated fair value of the Company’s debt based on Level 2 inputs using the market approach, which is primarily based on rates at which the debt is traded among financial institutions, approximates the carrying value as of March 31, 2019 and December 31, 2018.