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Senior Debt (Tables)
6 Months Ended
Jun. 30, 2022
Debt Disclosure [Abstract]  
Summary of Debt

Debt consisted of the following:

(table only in thousands)

 

June 30, 2022

 

 

December 31, 2021

 

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

 

 

 

 

 

 

 - Term loan

 

$

42,410

 

 

$

43,511

 

 - Revolving credit loan

 

 

44,700

 

 

 

22,000

 

 Total outstanding borrowing under the Credit Facility

 

 

87,110

 

 

 

65,511

 

 Outstanding borrowing under the joint venture term debt

 

 

10,506

 

 

 

 

 Unamortized debt discount

 

 

(1,545

)

 

 

(1,731

)

 Total outstanding borrowings

 

 

96,071

 

 

 

63,780

 

 Less: current portion

 

 

(3,303

)

 

 

(2,203

)

 Total debt, less current portion

 

$

92,768

 

 

$

61,577