Quarterly report pursuant to Section 13 or 15(d)

Borrowings Under Term Loan and Line of Credit (Tables)

v3.21.2
Borrowings Under Term Loan and Line of Credit (Tables)
9 Months Ended
Sep. 30, 2021
Debt Disclosure [Abstract]  
Schedule of long-term debt instruments
At September 30, 2021 and December 31, 2020, term loan borrowings were as follows (dollars in thousands):

September 30, 2021 December 31, 2020
Total term loan obligations $ 55,133  $ 56,044 
Less: current portion of term loan (561) (1,440)
Long-term term loan obligations $ 54,572  $ 54,604 
Schedule of principal maturities of long-term debt
Aggregate principal maturities of the term loan as of September 30, 2021 was as follows (dollars in thousands):

As of September 30, 2021 Amount to Mature
Remaining 2021 $ 140 
2022 561 
2023 982 
2024 1,753 
2025 52,158 
Total $ 55,594 
Schedule of debt
The net carrying amount of the liability component of the term loan was as follows (dollars in thousands):

September 30, 2021 December 31, 2020
Principal $ 55,594  $ 56,454 
Unamortized issuance costs (461) (410)
Net carrying amount $ 55,133  $ 56,044