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Debt (Tables)
12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Debt

The Company's debt balances at December 31, 2021 and 2020 were as follows:

 

 

 

December 31,

 

(in thousands)

 

2021

 

 

2020

 

Principal balance under First Lien Term Loan Facility

 

$

674,097

 

 

$

681,126

 

Less: Unamortized debt issuance costs and discounts

 

 

(11,210

)

 

 

(14,209

)

 

 

$

662,887

 

 

$

666,917

 

 

Debt issuances costs and discounts as of December 31, 2021 and 2020 related to the issuance and amendment of the First Lien Term Loan Facility. Amortization of debt issuance costs and discounts of $3.0 million, $3.0 million and $3.3 million were recognized as interest expense in the consolidated statements of operations for the years ended December 31, 2021, 2020 and 2019, respectively.

Schedule of Future Principal Payments Under Debt Agreements

The following table presents details of the future principal payments under the First Lien Term Loan Facility at December 31, 2021:

 

(in thousands)

 

 

 

Year Ending December 31,

 

 

 

2022

 

$

7,029

 

2023

 

 

7,029

 

2024

 

 

7,029

 

2025

 

 

653,010

 

Total principal payments

 

$

674,097