Debt Arrangements (Tables)

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Schedule of Debt Obligations

The Company’s debt obligations consist of the following:

	September 30, 2020			December 31, 2019
Senior Secured Notes	$	323,876		$	338,130
Variable Funding Note, net of original issue discount		100,000			99,610
Senior Secured Term Loan, net of original issue discount		109,727			162,418
5.75% Convertible Notes (1)		49,140			47,277
Payroll Protection Program Loan		1,307			—
Unamortized debt issuance costs		(501	)		(1,714	)
Total debt		583,549			645,721
Less current maturities		42,767			61,976
Total long-term debt	$	540,782		$	583,745

⁽¹⁾ Reflects the debt carrying amount which is accounted for under the Fair Value Option in the condensed consolidated balance sheet as of September 30, 2020 and December 31, 2019.  The actual principal outstanding balance of the 5.75% Convertible Notes is $94.4 million as of each of September 30, 2020 and December 31, 2019.

Company's Debt Maturities on Calendar Year Basis

As of September 30, 2020, the Company’s debt maturities on a calendar year basis are as follows:

	Total		October 1 through December 31, 2020		2021		2022		2023		2024		Thereafter
Senior Secured Notes (1)	$	323,876	$	6,020	$	5,741	$	—	$	—	$	—	$	312,115
Variable Funding Notes	$	100,000		—		221		5,756		5,756		5,756		82,511
Senior Secured Term Loan (2)	$	109,727		16,558		19,284		73,885		—		—		—
5.75% Convertible Notes (3)	$	49,140		—		—		—		49,140		—		—
Payroll Protection Program Loan	$	1,307		145		871		291		—		—		—
Total	$	584,050	$	22,723	$	26,117	$	79,932	$	54,896	$	5,756	$	394,626

⁽¹⁾          The legal final maturity of the Securitization Notes is in January of 2043. As the Company did not repay or refinance the Securitization Notes prior to the anticipated repayment date, beginning January 2020, the Company is no longer be required to make previously designated contractual principal payments. Future principal payments will be formulaically based on a percentage of receipts of royalty revenue, and as such are subject market factors outside of the Company’s control. There can be no assurance that all or any future principal payments projected for the Senior Secured Notes will be made in accordance with the projections provided.

⁽²⁾ Reflects the net debt carrying amount, effected by the outstanding balance of the original issue discount, in the condensed consolidated balance sheet as of September 30, 2020.  The actual principal outstanding balance of the Senior Secured Term Loan is $116.4 million as of September 30, 2020.  As a result of the completion of the Starter China Sale, an $11.7 million pre-payment was made during October 2020, which is reflected in future payments in the table above.

⁽³⁾ Reflects the debt carrying amount which is accounted for under the Fair Value Option in the condensed consolidated balance sheet as of September 30, 2020.  The actual principal outstanding balance of the 5.75% Convertible Notes is $94.4 million as of September 30, 2020.