Debt (Tables)

12 Months Ended

Dec. 31, 2019

Summary of Debt, Net of Unamortized Deferred Loan Costs And Original Issue Discount

The Company's debt, net of unamortized deferred loan costs and original issue discount, consisted of the following at December 31, 2019 and 2018:

(In thousands)	December 31, 2019			December 31, 2018
Term Loan A	$	288,750		$	—
Term Loan B		786,250			—
Delayed draw term loan		—			25,000
Revolving credit facility		19,850			5,450
Capital lease obligations and other ⁽¹⁾		—			196
		1,094,850			30,646
Less: deferred loan costs and original issue discount ("OID")		(46,723	)		—
Total debt		1,048,127			30,646
Less: current portion		—			(57	)
Long-term debt	$	1,048,127		$	30,589

(1)

Prior to the adoption of ASC 842 on January 1, 2019, our capital leases were recorded as part of debt. Beginning on January 1, 2019, they are classified as financing leases under ASC 842 and are recorded as part of lease liabilities.

Minimum Annual Principal Payments and Repayments of the Revolving Advances

The following table summarizes the minimum annual principal payments and repayments of the revolving advances under the Credit Agreement for each of the next five years and thereafter:

(In thousands)
Year ending December 31,
2020	$	—
2021		59,725
2022		59,900
2023		59,900
2024		228,500
2025 and thereafter		686,825
Total	$	1,094,850