Debt (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Schedule of Debt

Debt as of December 31, consisted of the following:

	2021			2020
Term loan facility	$	175,000		$	173,906
Revolving line of credit		—			—
Finance leases		—			3,088
Equipment line of credit		—			3,018
Less deferred debt issuance costs		(2,244	)		(4,108	)
Total debt		172,756			175,904
Less current portion of long-term debt		(10,938	)		(5,583	)
Long-term debt, less current portion	$	161,818		$	170,321

Summary of Term Loan Amortization

The 2021 Credit Facility term loan must be repaid in quarterly installments and shall amortize at the following annualized rates that were scheduled to begin with the quarter ended December 31, 2021 and with the remaining balance due and payable in full on April 27, 2026:

	Amortization Table
	Year 1			Year 2			Year 3		Year 4		Year 5
Term Loan		5.0	%		5.0	%	7.5	%	7.5	%		10.0	%

Summary of 2021 Credit Facility Interest Rate Subject to Leverage Ratio and LIBOR

The 2021 Credit Facility term loan and the revolver bear interest subject to the Company’s leverage ratio and LIBOR as follows:

Pricing Tier	Consolidated Leverage Ratio	Senior Credit Facilities LIBOR			Senior Credit Facilities Base Rate			Commitment Fee			Letter of Credit Fee
1	≥ 3.75 to 1.0		2.50	%		1.50	%		0.25	%		2.50	%
2	<3.75 to 1.0 but ≥ 3.25 to 1.0		2.25			1.25			0.23			2.25
3	<3.25 to 1.0 but ≥ 2.50 to 1.0		2.00			1.00			0.20			2.00
4	<2.50 to 1.0 but ≥ 1.75 to 1.0		1.75			0.75			0.15			1.75
5	<1.75 to 1.0		1.50			0.50			0.15			1.50

Schedule of Applicable Percentages

The applicable margin means a percentage per annum determined in accordance with the following table:

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 Aggregate Annual Maturities of Long-Term Debt

The following is a schedule of the aggregate annual maturities of long-term debt presented on the consolidated statement of financial position, based on the terms of the 2021 Credit Facility:

2022	$	10,938
2023		12,031
2024		13,125
2025		16,406
2026		122,500
Total	$	175,000