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Debt (Tables)
6 Months Ended
Jun. 30, 2022
Debt Disclosure [Abstract]  
Schedule of Carrying Values of Debt

As of June 30, 2022 and December 31, 2021 the carrying values of debt were as follows:

 

 

 

 

 

 

June 30, 2022

 

December 31, 2021

 

 

Issuance
date

Maturity
date

 

Amount
(in thousands)

 

Effective
Interest Rate

 

Amount
(in thousands)

 

Effective
Interest Rate

2018 Refinancing Facility Agreement

 

October 2018

October 2025

 

$

186,750

 

3.9% - 5.4%

 

$

212,850

 

3.8% - 3.9%

Less: Unamortized issuance discount and issuance costs, net

 

 

 

 

 

984

 

 

 

 

1,134

 

 

Less: Debt, current

 

 

 

 

 

1,900

 

 

 

 

1,900

 

 

Debt, non-current

 

 

 

 

$

183,866

 

 

 

$

209,816

 

 

Schedule of Future Minimum Payment Obligations of Principal Amounts Due

Principal and interest payments are due quarterly. As of June 30, 2022, future minimum payment obligations of principal amounts due by year under the 2018 Credit Facility were as follows (in thousands):

 

Remainder of 2022

$

1,100

 

2023

 

2,200

 

2024

 

2,200

 

2025

 

181,250

 

Total principal outstanding

$

186,750