CREDIT FACILITY (Tables)

6 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Schedule of Line of Credit Facilities

Debt consists of the following as of June 30, 2022, and December 31, 2021:

(in thousands)	June 30, 2022		December 31, 2021
Term loans	$	270,436	$	192,631
Less: deferred financing costs	(5,064)		(2,988)
Term loans, net of deferred financing costs	265,372		189,643
Less: current portion	(780)		—
	$	264,592	$	189,643

Contractual Obligation, Fiscal Year Maturity

The required principal payments for Term Loans for each of the five years and thereafter following the balance sheet date are as follows:

(in thousands)
For the six months ending December 31, 2022	$	390
2023	780
2024	780
2025	780
2026	267,706
Total	$	270,436