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Long-term Debt (Tables)

9 Months Ended

11 Months Ended

Sep. 30, 2021

Dec. 31, 2020

Debt Disclosure [Abstract]

Fair Value of Company's Long-term Debt Obligations

The fair value of the Company’s long-term debt obligations approximated their book value as of September 30, 2021 (Successor) and December 31, 2020 (Successor) and consisted of the following (in thousands): 

		Successor				Successor
		September 30, 2021				December 31, 2020
Successor First Lien Credit Facility		$	564,724			$	666,650
Successor Second Lien Credit Facility			—				145,000
Total debt			564,724				811,650
Less: Current portion of long-term debt			—				(6,700	)
Total long-term debt			564,724				804,950
Less: Deferred financing costs			(10,319	)			(26,345	)
Long-term debt, net		$	554,405			$	778,605

The fair value of the Company’s long-term debt obligations approximate their book value as of December 31, 2019 (Predecessor) and consisted of the following (in thousands):

		Predecessor
		December 31, 2019
Predecessor First Lien Facility		$	401,941
Predecessor Second Lien Facility			150,000
Total debt			551,941
Less: Current portion of long-term debt			—
Total long-term debt			551,941
Less: Deferred financing costs			(11,102	)
Long-term debt, net		$	540,839

The fair value of the Company’s long-term debt obligations approximate their book value as of December 31, 2020 (Successor) and consisted of the following (in thousands):

		Successor
		December 31, 2020
Successor First Lien Facility		$	666,650
Successor Second Lien Facility			145,000
Total debt			811,650
Less: Current portion of long-term debt			(6,700	)
Total long-term debt			804,950
Less: Deferred financing costs			(26,345	)
Long-term debt, net		$	778,605

Schedule of Maturities of Long-term Debt

Scheduled maturities of long-term debt as of December 31, 2020, are as follows (in thousands):

Years Ending December 31,
2021		$	6,700
2022			6,700
2023			6,700
2024			6,700
2025			6,700
Thereafter			778,150
		$	811,650

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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