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Debt (Tables)
12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments

The Company’s debt as of December 31, consisted of the following (in thousands):

 

     2019      2018  

New Credit Facility:

     

Revolving credit facility

   $ 58,500      $ —    

Term Loan

     240,000        —    

Delayed Draw Term Loan (DDTL)

     60,000        —    

Prior Credit Facility:

     

Line of credit

     —          50,000  

Contract draw loan

     —          67,000  

Term loans

     —          115,625  
  

 

 

    

 

 

 

Total debt

     358,500        232,625  

Less: Debt issuance costs

     (8,808      (1,230
  

 

 

    

 

 

 

Total debt, net of debt issuance costs

     349,692        231,395  

Less: Current maturities

     (15,000      (62,500
  

 

 

    

 

 

 

Total debt, net of current maturities

   $ 334,692      $ 168,895  
  

 

 

    

 

 

 
Schedule of Maturities of Long-term Debt

The principal maturities of long-term debt as of December 31, 2019 are as follows (in thousands):

 

Year ending December 31:

  

2020

   $ 15,000  

2021

     15,000  

2022

     15,000  

2023

     15,000  

2024

     298,500  
  

 

 

 

Total debt

   $ 358,500  
  

 

 

 
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments

The carrying value and estimated fair value of our debt at December 31, was as follows (in thousands):

 

     2019      2018  

Carrying value

   $ 349,692      $ 231,395  

Estimated Fair value

     349,692        229,763