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Debt (Tables)
 3 Months Ended
Mar. 31, 2022
Debt Disclosure [Abstract]  
Schedule of Liability Components of Long-Term Debt
The Company's debt consists of the following:
(in thousands)March 31, 2022December 31, 2021
Senior Secured Term Loan due 2026:
Principal$400,000 $400,000 
Less: debt discount (1)
(5,710)(6,074)
Less: deferred financing (1)
(4,296)(4,569)
Net carrying value of Long-term debt$389,994 $389,357 
______________________________
(1) Included in the Consolidated Balance Sheets within long-term debt and amortized to interest expense over the remaining life of the Senior Secured Term Loan using the effective interest rate method.
Components of Total Interest Expense
The following table sets forth interest expense recognized related to the Company's debt for the three months ended March 31, 2022 and 2021, respectively:
Three Months Ended March 31,
(in thousands)20222021
Contractual interest expense$7,500 $7,521 
Amortization of debt discount$364 $332 
Amortization of deferred financing$273 $223