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Long Term Debt (Tables)
12 Months Ended
Dec. 31, 2021
Long Term Debt [Abstract]  
Summary of Components of Long-term Debt

The table below summarizes the components of the Company’s long-term debt (in thousands):

 

 

 

December 31,

 

 

 

2021

 

 

2020

 

First lien facility due 2022

 

 

 

 

 

289,000

 

Convertible Debenture notes due 2024

 

 

229,382

 

 

 

214,541

 

2021 Credit Agreement due 2026

 

 

297,750

 

 

 

 

Total debt

 

 

527,132

 

 

 

503,541

 

Less: unamortized original issue discount

 

 

(14,700

)

 

 

(16,126

)

Less: unamortized debt issuance costs

 

 

(1,726

)

 

 

(3,867

)

Total debt, net

 

 

510,706

 

 

 

483,548

 

 

 

 

 

 

 

 

 

 

Current portion of debt

 

 

3,000

 

 

 

17,000

 

Less: current portion of unamortized original

   issue discount

 

 

 

 

 

(4,312

)

Less: current portion of unamortized debt

   issuance costs

 

 

 

 

 

(1,740

)

Total current portion of debt, net

 

 

3,000

 

 

 

10,948

 

Total long-term debt, net

 

$

507,706

 

 

$

472,600

 

Summary of Future Principal Payments, Including in Kind Interest

Future principal payments, including in kind interest, are as follows (in thousands):

 

December 31,

 

Amount

 

2022

 

$

3,000

 

2023

 

 

3,000

 

2024

 

 

280,310

 

2025

 

 

3,000

 

Thereafter

 

 

285,750

 

Total

 

$

575,060

 

Schedule of Future Amortization of Debt Issuance Costs and Original Issue Discount

The future amortization of debt issuance costs and original issue discount related to the 2021 Credit Agreement, the Revolving Credit Facility and Convertible Debentures are as follows (in thousands):

 

December 31,

 

Amount

 

2022

 

$

4,400

 

2023

 

 

4,986

 

2024

 

 

5,466

 

2025

 

 

1,429

 

Thereafter

 

 

145

 

Total

 

$

16,426