CREDIT FACILITY (Tables)

3 Months Ended

Mar. 31, 2021

CREDIT FACILITY

Schedule of short-term debt obligation

	March 31, 2021
	Balance		Interest Rate	Unused Line Fee
Term Loan Facility subject to a fixed interest rate	$	268,844	1.271%	-
Term Loan Facility subject to a variable interest rate		50,531	0.910%	-
Revolving Facility subject to a variable rate		—	0.910%	0.10%
Total borrowings under the Credit Agreement	$	319,375

For more information on the interest rate swap that fixes the interest rate for a portion of our Term Loan Facility, see Note 7. Derivative Financial Instruments. The Term Loan Facility and Revolving Facility bear interest, at the option of the Company, at a rate based on a reserve adjusted "Eurodollar Rate" or "Base Rate," as defined in the Credit Agreement, plus an applicable margin.

Schedule of debt obligation

	March 31,		December 31,
	2021		2020
Term Loan Facility	$	319,375	$	323,750
Less: debt issuance costs		(1,578)		(1,704)
Total debt		317,797		322,046
Less current portion of long-term debt		(17,500)		(17,500)
Total long-term debt	$	300,297	$	304,546

Schedule of contractual maturities of debt obligations

Year Ending December 31,
2021 (remaining)	$	13,125
2022		17,500
2023		17,500
2024		271,250
Total	$	319,375

Schedule of interest expense and unused line of credit fees

	Three Months Ended March 31,
	2021		2020
Interest expense	$	985	$	2,099
Amortization of debt issuance costs		126		133
Unused line of credit fees and other		37		38
Total interest expense	$	1,148	$	2,270