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Long-Term Debt (Tables) | 9 Months Ended
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Sep. 30, 2019
Debt Disclosure [Abstract] |
Summary of Outstanding Borrowings under Credit Facility | The following table provides a summary of the Company’s outstanding borrowings under the Credit Facility:
|  | September 30, 2019 |  |  | December 31, 2018 |
|  | Term Loan |  |  | Revolver (1) |  |  | Term Loan |  |  | Revolver (1) |
Amount borrowed |  | $ | 200,000 |  |  | $ | — |  |  | $ | 200,000 |  |  | $ | — |
Amount repaid |  |  | (15,000 | ) |  |  | — |  |  |  | — |  |  |  | — |
Unamortized issuance costs |  |  | (3,641 | ) |  |  | 803 |  |  |  | (5,408 | ) |  |  | 1,195 |
Carrying amount |  | $ | 181,359 |  |  | $ | 803 |  |  | $ | 194,592 |  |  | $ | 1,195 |
Effective interest rate (2) |  |  | 5.24 | % |  |  | n/a |  |  |  | 5.09 | % |  |  | n/a |
(1) | The available capacity under the Revolver is subject to compliance with the Total Leverage Ratio.
(2) | Includes amortization of issuance costs.
Summary of Financial Covenant and Leverage Ratio | The credit agreement includes a financial covenant that requires that the Company maintain a Total Leverage Ratio (as defined below), calculated as of the last day of each fiscal quarter, equal to or less than the ratio set forth opposite such fiscal quarter:
Fiscal Quarter Ending |  | Total Leverage Ratio |
September 30, 2019 |  |  | 2.50:1.00 |
December 31, 2019 |  |  | 2.50:1.00 |
March 31, 2020 |  |  | 2.25:1.00 |
June 30, 2020 |  |  | 2.25:1.00 |
September 30, 2020 and each subsequent fiscal quarter ending on or before the maturity date |  |  | 2.00:1.00 |

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- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
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- Definition Schedule Of Required Ratios Under Financial Covenants And Leverage Ratios + References No definition available. + Details
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