XML 22 R13.htm IDEA: XBRL DOCUMENT v3.23.1
Debt
 3 Months Ended
Mar. 31, 2023
Debt Disclosure [Abstract]  
Debt Debt
The Company's debt consists of the following:
(in thousands)March 31, 2023December 31, 2022
Senior Secured Term Loan due 2026:
Principal$400,000 $400,000 
Less: debt discount (1)
(4,190)(4,571)
Less: deferred financing (1)
(3,152)(3,439)
Net carrying value of Long-term debt$392,658 $391,990 
______________________________
(1) Included in the Company's 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.
Interest Expense
The following table sets forth interest expense recognized related to the Company's debt for the three months ended March 31, 2023 and 2022, respectively:
Three Months Ended March 31,
(in thousands)20232022
Contractual interest expense$11,230 $7,500 
Amortization of debt discount$381 $364 
Amortization of deferred financing$286 $273