Annual report pursuant to Section 13 and 15(d)

Borrowings Under Term Loan and Line of Credit (Tables)

v3.22.4
Borrowings Under Term Loan and Line of Credit (Tables)
12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Schedule of long-term debt instruments
At December 31, 2022 and 2021, term loan borrowings were as follows (dollars in thousands):

December 31, 2022 December 31, 2021
Total term loan obligations $ 54,567  $ 55,020 
Less: current portion of term loan (982) (561)
Long-term term loan obligations $ 53,585  $ 54,459 
Schedule of principal maturities of long-term debt
Aggregate principal maturities of the term loan as of December 31, 2022 was as follows (dollars in thousands):

As of December 31, 2022 Amount to Mature
2023 $ 982 
2024 1,753 
2025 52,158 
Total $ 54,893 
Schedule of debt
The net carrying amount of the liability component of the term loan was as follows (dollars in thousands):

December 31, 2022 December 31, 2021
Principal $ 54,893  $ 55,454 
Less: Unamortized issuance costs (326) (434)
Net carrying amount $ 54,567  $ 55,020