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Senior Debt (Tables)
12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Summary of Debt

Debt consisted of the following:

 

 

December 31,

 

(table only in thousands)

 

2021

 

 

2020

 

Outstanding borrowings under Credit Facility
   Term loan payable in
quarterly principal installments of $0.6 million
through September 2023, $
0.8 million through September 2025 and $1.1 million thereafter with balance due upon maturity in September 2026.

 

 

 

 

 

 

– Term loan

 

$

43,511

 

 

$

46,250

 

– Revolving Credit Loan

 

 

22,000

 

 

 

27,700

 

– Unamortized debt discount

 

 

(1,731

)

 

 

(1,334

)

Total outstanding borrowings under Credit Facility

 

 

63,780

 

 

 

72,616

 

Less: current portion

 

 

(2,203

)

 

 

(3,125

)

Total debt, less current portion

 

$

61,577

 

 

$

69,491