Short-term and Long-term debt (Tables)

9 Months Ended

Sep. 30, 2021

Short-term and Long-term debt

Schedule of short-term and long-term debt

Elements of short-term and long-term debt are as follows:

	September 30,		December 31,
	2021		2020
(in thousands)		(unaudited)
Short-term & long-term debt
Short-term debt:
- Revolving credit line	$	7,000	$	2,000
- Loan from Paycheck Protection Program- current		—		2,062
- Capital lease obligation- current		—		4
- Term loan facility – current		5,248		5,248
Subtotal		12,248		9,314
Long-term debt:
- Term loan facility- net of current portion of long-term debt		75,931		79,867
- Loan from Paycheck Protection Program- net of current portion		—		413
- Less: deferred financing costs on term loan		(1,683)		(2,304)
Subtotal		74,248		77,976
Total short-term & long-term debt	$	86,496	$	87,290

Schedule of maturities of long-term debt and capital lease obligations

Scheduled maturities of the Company’s long-term debt and capital lease obligations are as follows:

Years ended September 30,	Amount
(in thousands)
-2022	$	5,248
-2023		5,248
-2024		70,683
Total	$	81,179