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Credit Facility
 6 Months Ended
Jun. 30, 2020
Debt Disclosure [Abstract]  
Credit Facility
12. Credit Facility
The following table provides a summary of the Company’s outstanding borrowings under its credit facility:
 
    
June 30, 2020
     
December 31, 2019
  
    
Term Loan
    
Revolver
     
Term Loan
    
Revolver
  
Amount borrowed
  $
179,000
    $
 —  
     $
200,000
    $
 —  
  
Amounts repaid
    
(179,000
 )
(1)
 		    
—  
      
(21,000
 )     
—  
  
  
 
 
    
 
 
     
 
 
    
 
 
  
Amounts outstanding
   
—  
 
    
—  
      
179,000
     
—  
  
Unamortized issuance costs
   
—
      
—  
      
(3,044
)     
671
 
                                 
Carrying amount
  $
—  
     $
 —  
     $
175,956
    $
671
  
                                 
Effective interest rate
   
4.15
 %     
n/a
     
5.32
 %     
n/a
 
                                 
 
(1) Includes $5,000 and $174,000 repaid on March 31, 2020 and June 16, 2020, respectively.
On June 16, 2020, the Company terminated its credit facility by repaying
 
$174,000 that
was outstanding under its term loan and terminating the revolver. A loss on extinguishment of
 
debt
 
of $2,387 was
 
recognized
 
which represented the write-off of the remaining unamortized issuance costs.
Interest expense recognized on the credit facility during the three months ended June 30, 2020 and 2019 was $1,667 and $2,910, respectively, and during the six months ended June 30, 2020 and 2019 was $4,086 and $5,802, respectively.