Convertible Debt and Notes Payable (Tables)
|
12 Months Ended |
Dec. 31, 2021 |
Debt Disclosure [Abstract] |
|
Schedule of Debt and Capital Lease Obligations |
As of December 31, 2021 and 2020, the Company's outstanding debt was as follows: | | | | | | | | | | | | | | | | | | | | | | | | As of December 31, | | | 2021 | | 2020 | | | (dollars in thousands) | | Convertible debt | $ | — | | | $ | 80,808 | | | Notes payable | 174,015 | | | 307,653 | | | | | | | | Term loan | 435,147 | | | — | | | | | | | | | | | | | Other notes payable | 12,537 | | | 72,505 | | | Finance lease obligations | 1,672 | | | 2,909 | | | | $ | 623,371 | | | $ | 463,875 | | |
|
Direct Financing Lease, Lease Income [Table Text Block] |
For the years ended December 31, 2021, 2020, and 2019, quantitative information regarding the Company's finance lease obligations reflected in the accompanying consolidated statements of operations, the supplemental cash flow information and certain other information related to finance leases were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, | | | | | | 2021 | | 2020 | | 2019 | | | | | | (dollars in thousands) | | | Lease cost | | | | | | | | | | Finance lease cost: | | | | | | | | | | Amortization of finance lease right-of-use assets | | | | | $ | 1,274 | | | $ | 1,232 | | | $ | 1,266 | | Interest on lease liabilities | | | | | $ | 116 | | | $ | 171 | | | $ | 227 | | Other information | | | | | | | | | | Cash paid for amounts included in the measurement of lease liabilities: | | | | | | | | | | Operating cash flows from finance leases | | | | | $ | 116 | | | $ | 171 | | | $ | 227 | | Financing cash flows from finance leases | | | | | $ | 1,532 | | | $ | 1,033 | | | $ | 1,266 | | | | | | | | | | | | Weighted average remaining lease term - operating leases (in years) | | | | | 1.71 | | 2.24 | | 3.21 | Weighted average discount rate - operating leases | | | | | 4.70 | % | | 4.89 | % | | 4.88 | % |
|
Schedule of Maturities of Debt and Future Minimum Lease Payments for Capital Leases |
Annual scheduled maturities of debt and minimum payments (of principal and interest) for all debt outstanding as of December 31, 2021, are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Notes Payable | | | | Term Loan | | | | Other Notes Payable | | Finance Lease Obligation | | | | (dollars in thousands) | 2022 | | | $ | 13,405 | | | | | $ | 22,533 | | | | | $ | 543 | | | $ | 1,128 | | 2023 | | | 13,405 | | | | | 22,351 | | | | | 12,593 | | | 481 | | 2024 | | | 88,578 | | | | | 22,168 | | | | | 543 | | | 82 | | 2025 | | | 7,750 | | | | | 21,986 | | | | | — | | | 42 | | 2026 | | | 7,750 | | | | | 21,804 | | | | | — | | | 12 | | Thereafter | | | 150,375 | | | | | 445,646 | | | | | — | | | — | | Subtotal | | | 281,263 | | | | | 556,488 | | | | | 13,679 | | | 1,745 | | Less (a) | | | (107,248) | | | | | (121,341) | | | | | (1,142) | | | (73) | | Total | | | $ | 174,015 | | | | | $ | 435,147 | | | | | $ | 12,537 | | | $ | 1,672 | | (a)Amount necessary to reduce net minimum payments to present value calculated at the Company's implicit rate at inception. This amount also includes capitalized debt costs and the unamortized discount on the Company's convertible debt.
|