Debt

6 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Debt

Debt

The table below sets forth the Company’s long-term debt as presented in the unaudited condensed consolidated balance sheets for the periods presented:

(in thousands)	December 31, 2021		June 30, 2022
Current portion of long-term debt
First lien term loan	$	6,461	$	6,461
Long-term debt
First lien term loan, due June 19, 2024 (interest rate per annum of 4.50% and 5.07% at June 30, 2021 and 2022, respectively)	503,879		500,648
Unamortized discount and debt issuance costs on first lien term loan	(4,772)		(3,813)
Total long-term debt, net	$	499,107	$	496,835

The estimated fair value of the Company’s first lien term loan was $508.4 million and $498.9 million as of December 31, 2021 and June 30, 2022, respectively. These fair values were determined based on quoted prices in markets with similar instruments that are less active (Level 2 inputs as defined below) as an observable price of the First Lien Term Loan or similar liabilities is not readily available.

The Company was in compliance with all financial covenants under its credit agreement as of June 30, 2022.