Debt (Tables)

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Schedule of Debt

Debt as of September 30, 2020 and December 31, 2019 consisted of the following:

	September 30,			December 31,
	2020			2019
Term Loan Facility	$	174,453		$	48,750
Revolving Line of Credit		—			97,590
Capital leases		3,127			3,765
Other leases		2			12
Equipment line of credit		3,214			3,124
Less deferred debt issuance costs		(4,345	)		(1,052	)
Total debt		176,451			152,189
Less current portion of long term debt		(5,034	)		(7,143	)
Long-term debt, less current portion	$	171,417		$	145,046

Schedule of Applicable Percentages

The applicable margin means a percentage per annum determined in accordance with the following table as of December 31, 2019:

Pricing Tier	Consolidated Leverage Ratio	Commitment Fee			Eurodollar Rate Loans and LIBOR Letter of Credit Fee			Daily Floating Rate Loans			Rate Loans
1	> 3.75 to 1.0		0.50	%		4.00	%		4.00	%		3.00	%
2	≤ 3.75 to 1.0 but > 3.00 to 1.0		0.50			3.50			3.50			2.50
3	≤ 3.00 to 1.0 but > 2.25 to 1.0		0.40			3.00			3.00			2.00
4	< 2.25 to 1.0		0.30			2.50			2.50			1.50

Schedule of Capital Leases Mature by 2025

All capital leases (including those purchased through the Company’s equipment line of credit) mature by 2025 as follows:

September 30,	Payments		Interest		Principal
2021	$	2,670	$	368	$	2,302
2022		2,178		265		1,913
2023		1,582		139		1,443
2024		667		32		635
2025		49		1		48
	$	7,146	$	805	$	6,341

Schedule of Aggregate Annual Maturities of Long-Term Debt

The following is a schedule of the aggregate annual maturities of long-term debt presented on the condensed consolidated statement of financial position, based on the terms of the credit facility, capital lease obligations and equipment line of credit as of September 30, 2020:

September 30,
2021	$	5,034
2022		6,839
2023		8,006
2024		7,198
2025		153,719
Total	$	180,796