Credit Facility (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Summary of Outstanding Borrowings under Credit Facility

The following table provides a summary of the Company’s outstanding borrowings under the Credit Facility:

	December 31, 2019					December 31, 2018
	Term Loan			Revolver(1)		Term Loan			Revolver(1)
Amount borrowed	$	200,000		$	—	$	200,000		$	—
Amount repaid		(21,000	)		—		—			—
Unamortized issuance costs		(3,044	)		671		(5,408	)		1,195
Carrying amount	$	175,956		$	671	$	194,592		$	1,195
Effective interest rate(2)		5.32	%		n/a		5.09	%		n/a

(1) The available capacity under the Revolver is subject to compliance with the Total Leverage Ratio.

(2) Includes amortization of issuance costs.

Schedule Of Required Ratios Under Financial Covenants and Leverage Ratios

The credit agreement includes a financial covenant that requires that the Company maintain a Total Leverage Ratio (as defined below), calculated as of the last day of each fiscal quarter, equal to or less than the ratio set forth opposite such fiscal quarter:

Fiscal Quarter Ending	Total Leverage Ratio
December 31, 2019		2.50:1.00
March 31, 2020		2.25:1.00
June 30, 2020		2.25:1.00
September 30, 2020 and each subsequent fiscal quarter ending on or before the maturity date		2.00:1.00