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Debt (Tables)
6 Months Ended
Jun. 30, 2019
Debt Disclosure [Abstract]  
Summary of Carrying Value of Debt
The following table presents the carrying value of the Company’s debt obligations as of June 30, 2019 and December 31, 2018 (in thousands):
 
 
June 30, 2019
 
December 31, 2018
First Term Loan—18 months of interest-only payments ended in March 2019 followed by 36 equal monthly installments of principal plus interest, maturing March 2022; interest at prime plus 0.25% per annum
 
$
13,750

 
$
15,000

Second Term Loan—11 months of interest-only payments ended in October 2018 followed by 47 equal monthly installments of principal plus interest, maturing September 2022. As of September 30, 2018, the Company achieved trailing six-month EBITDA of at least $1.0 million; as a result, the interest-only repayment period extended to March 2019, followed by 42 equal monthly installments of principal plus interest; bears interest at prime plus 5.25% per annum. As a result of the IPO, the interest rate was reduced to prime plus 0.25% per annum in the fourth quarter of 2018
 
8,357

 
9,000

Line of credit—interest at prime with accrued interest due monthly; matures September 2020
 
25,000

 

Total debt
 
47,107

 
24,000

Less: unamortized debt discount issuance costs
 
(64
)
 
(90
)
Balance
 
47,043

 
23,910

Debt, current
 
(32,574
)
 
(5,671
)
Debt, noncurrent
 
$
14,469

 
$
18,239

Weighted-average interest rate
 
5.96
%
 
6.89
%