Debt Obligations (Tables)

9 Months Ended

Sep. 30, 2021

Debt Obligations

Schedule of components of debt obligations

Debt obligations consist of the following (in thousands):

	September 30,		December 31,
	2021		2020
Revolving credit facility	$	115,000	$	70,000
Term loan		120,000		135,000
Notes to former owners		35,500		31,000
Finance lease liabilities (See Note 8)		2,438		—
Total principal amount		272,938		236,000
Less—unamortized debt issuance costs		(208)		(267)
Total debt, net of unamortized debt issuance costs		272,730		235,733
Less—current portion		(5,958)		—
Total long-term portion of debt, net	$	266,772	$	235,733

Summary of additional margins

	Consolidated Total Indebtedness to
	Credit Facility Adjusted EBITDA
	Less than 1.00		1.00 to 1.75		1.75 to 2.50		2.50 or greater
Additional Per Annum Interest Margin Added Under:
Base Rate Loan Option	0.25	%	0.50	%	0.75	%	1.00	%
Eurodollar Rate Loan Option	1.25	%	1.50	%	1.75	%	2.00	%