Borrowings (Tables)

6 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Schedule of Company's Debt Position

The following tables summarizes the Company’s debt position:

	As of June 30, 2022				As of December 31, 2021
	Revolving Credit Facility		Total		Revolving Credit Facility		Total
Current portion of long-term borrowings	$	35,000	$	35,000	$	260,016	$	260,016
Long-term borrowings	250,000		250,000		—		—
Total borrowings	$	285,000	$	285,000	$	260,016	$	260,016

Schedule of Credit Facilities Carried an Effective Interest Rate

The Credit Facility carried an effective interest rate as shown below:

	Three months ended June 30,				Six months ended June 30,
	2022		2021		2022		2021
Effective Interest Rate	2.0	%	1.8	%	1.7	%	1.9	%

Schedule of Maturities of Long-term Debt

Expected payments for all of the Company’s borrowings as of June 30, 2022 were as follows:

	Revolving Credit Facility		Interest Payments*
2022 (July 1 - December 31)	$	25,000	$	4,273
2023	10,000		7,850
2024	—		7,734
2025	—		7,734
2026	—		7,734
2027 and thereafter	250,000		2,900
Total	$	285,000	$	38,225

* Interest payments are based on effective interest rate as of June 30, 2022.