XML 44 R25.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Debt (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Debt Disclosure [Abstract] |
Long-Term Debt | As of December 31, 2021 and 2020, our long-term debt was as follows (in thousands):
|  | December 31, |  |  | December 31, |
|  | 2021 |  |  | 2020 |
2021 Credit Agreement: |  |  |  |  |  |
2021 Term loan, due September 2026, interest at adjusted LIBOR plus 1.375% (combined rate of 1.60% at December 31, 2021) |  | $ | 148,125 |  |  | $ | - |
Less – deferred financing costs |  |  | (3,406 | ) |  | - |
2021 Term Loan, net of unamortized discounts |  |  | 144,719 |  |  |  | - |
$450 million revolving loan facility, due September 2026, interest at adjusted LIBOR plus applicable margin |  |  | - |  |  |  | - |
2018 Credit Agreement: |  |  |  |  |  |
2018 Term loan, due March 2023, interest at adjusted LIBOR plus 1.5% (combined rate of 1.75% at December 31, 2020) |  |  | - |  |  |  | 126,563 |
Less – deferred financing costs |  |  | - |  |  |  | (1,155 | )
2018 Term Loan, net of unamortized discounts |  |  | - |  |  |  | 125,408 |
$200 million revolving loan facility, due March 2023, interest at adjusted LIBOR plus applicable margin |  |  | - |  |  |  | - |
2016 Convertible Notes: |  |  |  |  |  |
2016 Convertible Notes – Senior convertible notes; due March 15, 2036; cash interest at 4.25% |  |  | 230,000 |  |  |  | 230,000 |
Less – unamortized original issue discount |  |  | - |  |  |  | (3,021 | )
Less – deferred financing costs |  |  | - |  |  |  | (1,170 | )
2016 Convertible Notes, net of unamortized discounts |  |  | 230,000 |  |  |  | 225,809 |
Total debt, net of unamortized discounts |  |  | 374,719 |  |  |  | 351,217 |
Current portion of long-term debt, net of unamortized discounts |  |  | (237,500 | ) |  |  | (14,063 | )
Long-term debt, net of unamortized discounts |  | $ | 137,219 |  |  | $ | 337,154 |
Estimated Maturities on Long-Term Debt | As of December 31, 2021, the maturities of our long-term debt, based upon: (i) the mandatory repayment schedule for the 2021 Term Loan; and (ii) the settlement date of the 2016 Convertible Notes, was as follows (in thousands):
|  | 2022 |  |  | 2023 |  |  | 2024 |  |  | 2025 |  |  | 2026 |
2021 Term Loan |  | $ | 7,500 |  |  | $ | 7,500 |  |  | $ | 7,500 |  |  | $ | 7,500 |  |  | $ | 118,125 |
2016 Convertible Notes |  |  | 230,000 |  |  | — |  |  | — |  |  | — |  |  | — |
Total long-term debt repayments |  | $ | 237,500 |  |  | $ | 7,500 |  |  | $ | 7,500 |  |  | $ | 7,500 |  |  | $ | 118,125 |

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + 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 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=124435984&loc=d3e28541-108399 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21506-112644 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69B -URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=124435984&loc=d3e28551-108399 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69E -URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495743-112612 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21521-112644 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21538-112644 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=123599511&loc=d3e64711-112823 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21475-112644 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration