XML 78 R61.htm IDEA: XBRL DOCUMENT v3.22.0.1
Borrowings - Summary of Borrowings under Credit Agreement (Details) - USD ($)
Dec. 31, 2021
Jan. 01, 2021
Dec. 31, 2020
Debt Instrument [Line Items]      
Total borrowings under credit facility $ 460,000,000   $ 262,653,996
Less: Current maturities of long-term debt [1]     6,760,650
Less: Long-term loan debt issuance cost 11,515,304   5,940,600
Total non-current borrowings 448,484,696   249,952,746
Convertible Senior Debt      
Debt Instrument [Line Items]      
Total borrowings under credit facility 440,000,000    
Less: Long-term loan debt issuance cost   $ 11,400,000  
Term Loan      
Debt Instrument [Line Items]      
Total borrowings under credit facility [2]     $ 262,653,996
Revolving Credit Facility      
Debt Instrument [Line Items]      
Total borrowings under credit facility [3] $ 20,000,000    
[1] Pursuant to the terms of the Amended Credit Agreement, the Company was required to make quarterly principal payments equal to 0.625% of the initial principal amount of the Term Loan and Delayed Draw Term Loan (collectively the “Term Loans”).
[2]

The Term Loan bears interest at a variable rate, which was 3.65 % as of December 31, 2020.

[3]

The Revolving Credit Facility bears interest at a variable rate, which was 2.35% as of December 31, 2021.