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Borrowings (Tables)
12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Schedule of Outstanding Borrowings
The following table summarizes the outstanding borrowings from the term loan as of the periods presented:
 
December 31, 2019
 
December 31, 2018
 
(in thousands)
Principal outstanding
$
40,000

 
$
40,000

Less: unamortized debt issuance costs
(777
)
 
(1,037
)
Outstanding debt, net of debt issuance costs
$
39,223

 
$
38,963

Classified as:
 
 
 
Current portion of long-term borrowings
$
4,358

 
$

Long-term borrowings
$
34,865

 
$
38,963

Schedule of Annual Future Minimum Principal Payments Under Loan Agreements
Year ending December 31,
(in thousands)
2020
$
4,444

2021
17,778

2022
17,778

Total minimum principal payments
$
40,000

Schedule of Debt Covenant EBITDA Targets
The remaining minimum net sales and trailing 12-month consolidated EBITDA targets are as follows:
Twelve Months Ending
 
Minimum Net Sales
 
Trailing 12-Month Consolidated EBITDA
 
 
(in thousands)
March 31, 2020
 
$57,500
or
$1,000
June 30, 2020
 
$58,500
or
$2,000
thereafter, as applicable
 
$60,000
or
$3,000