Annual report pursuant to Section 13 and 15(d)

Debt (Tables)

v3.22.1
Debt (Tables)
 12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Debt
The components of debt were as follows:
December 31,
2021 2020
(in thousands)
First Lien Term Loan Facility $ 707,863  $ 816,213 
Second Lien Term Loan Facility —  215,000 
Revolving Credit Facility —  10,000 
Total debt 707,863  1,041,213 
Less: Original issue discount (1,993) (4,499)
Less: Unamortized debt issuance costs (8,837) (14,967)
Less: Current portion of long-term debt (8,350) (8,350)
Long-term debt, less current portion $ 688,683  $ 1,013,397 
Amortization of Debt Discount and Debt Issuance
Amortization of debt discount and debt issuance costs related to the First Lien Term Loan Facility and the Second Lien Term Loan Facility are included in interest expense and were as follows:
Year Ended December 31,
2021 2020 2019
(in thousands)
Debt discount $ 770  $ 767  $ 652 
Debt issuance costs 2,860  2,819  2,521 
Total debt discount and issuance costs $ 3,630  $ 3,586  $ 3,173 
Schedule of Maturities of Long-term Debt
The maturities of the Company’s outstanding debt were as follows:
Year Ended December 31,
(in thousands)
2022 $ 8,350 
2023 8,350 
2024 8,350 
2025 682,813 
2026 — 
Thereafter — 
$ 707,863 
Schedule of Fair Value of Liabilities The estimated fair values were as follows:
December 31, 2021 December 31, 2020
Carrying Value Fair Value Carrying Value Fair Value
(in thousands)
First Lien Term Loan Facility $ 705,870  $ 704,550  $ 813,361  $ 784,894 
Second Lien Term Loan Facility —  —  213,353  160,014 
Revolving Credit Facility —  —  10,000  10,000 
Total $ 705,870  $ 704,550  $ 1,036,714  $ 954,908