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Debt (Tables)
6 Months Ended
Jun. 30, 2022
Debt Disclosure [Abstract]  
Balances of Long-term debt, net

Long-term debt, net consists of the following:

    

June 30, 

    

December 31, 

2022

2021

Liability component - principal

$

198,500

$

199,500

Unamortized debt discount associated with debt financing costs

 

(6,693)

 

(7,516)

Liability component - net carrying value

191,807

191,984

Less current portion

(2,000)

(2,000)

Long-term debt, net

$

189,807

$

189,984

Future Minimum Payments Relating to Long Term Debt

Future minimum payments relating to long-term debt, net as of June 30, 2022, for the periods indicated below consists of the following:

Years ending December 31, 

2022 (Excluding the six months ended June 30, 2022)

$

1,000

2023

 

2,000

2024

 

20,000

2025

 

20,000

2026

 

155,500

Thereafter

Total

$

198,500

Interest Expense Related to Long Term Debt

Interest expense related to the Company’s long-term debt, net, is included in interest expense, net in the unaudited condensed consolidated statements of operations and comprehensive income and consists of the following:

Three Months Ended

Six Months Ended

June 30, 

June 30,

2022

    

2021

2022

    

2021

Interest on principal balance

$

3,773

$

6,582

$

7,597

$

13,092

Amortization of deferred financing costs

 

411

 

697

 

823

 

1,361

Total term loan interest expense

$

4,184

$

7,279

$

8,420

$

14,453