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Long Term Debt (Tables)
12 Months Ended
Dec. 31, 2022
Long-Term Debt, Unclassified [Abstract]  
Schedule of Long-term Debt

Long-term debt consisted of the following as of December 31, 2022 and 2021, respectively:

 

 

 

December 31, 2022

 

(in thousands)

 

Principal

 

 

Unamortized debt
issuance costs /
financing costs

 

 

Total debt,
net

 

2021 Term Loan

 

$

266,406

 

 

$

(2,047

)

 

$

264,359

 

Less: current portion of long-term debt

 

 

 

 

 

 

 

 

8,594

 

Long-term debt

 

 

 

 

 

 

 

$

255,765

 

 

 

 

December 31, 2021

 

(in thousands)

 

Principal

 

 

Unamortized debt
issuance costs /
financing costs

 

 

Total debt,
net

 

2021 Term Loan

 

$

273,282

 

 

$

(2,599

)

 

$

270,683

 

Less: current portion of long-term debt

 

 

 

 

 

 

 

 

6,875

 

Long-term debt

 

 

 

 

 

 

 

$

263,808

 

Schedule of Debt

The expected future principal payments as of December 31, 2022 are as follows:

(in thousands)

 

 

 

2023

 

$

8,593

 

2024

 

 

13,750

 

2025

 

 

13,750

 

2026

 

 

230,313

 

 

 

$

266,406