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Debt Arrangements (Tables)
9 Months Ended
Sep. 30, 2024
Debt Disclosure [Abstract]  
Summary of Long-term Debt
Long-term debt consists of the following:
 
(in thousands)
  
December 31,
2023
    
September 30,
2024
 
Term loan
   $ 23,000      $ 34,250  
Deferred financing costs, net
     (31      (151
  
 
 
    
 
 
 
Total notes payable
     22,969        34,099  
Less current portion
     (3,977      (5,434
  
 
 
    
 
 
 
Notes payable, net of current portion
   $ 18,992      $ 28,665  
  
 
 
    
 
 
 
Summary of Future Principal Payment Obligations for Long-term Debt
As of September 30, 2024, future principal payment obligations for long-term debt are as follows for the years ending December 31:
 
(in thousands)
      
2024
   $ 1,375  
2025
     5,500  
2026
     5,500  
2027
     21,875  
  
 
 
 
Total
   $ 34,250