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Fair Value of Financial Instruments (Tables) | 12 Months Ended
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Dec. 31, 2020
Fair Value Disclosures [Abstract] |
Summary of Carrying Amounts and Estimated Fair Values of the Company's Financial Instruments | The following table presents the carrying amounts and estimated fair values of the Company’s financial instruments:
|  | At December 31, |
|  | 2020 |  |  | 2019 |
|  | Carrying Amount |  |  | Fair Value |  |  | Carrying Amount |  |  | Fair Value |
|  | (in thousands) |
Financial assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 101,513 |  |  |  | 101,513 |  |  | $ | 7,676 |  |  | $ | 7,676 |
Restricted cash |  |  | 2,635 |  |  |  | 2,635 |  |  |  | 2,222 |  |  |  | 2,222 |
Accounts receivable |  |  | 4,352 |  |  |  | 4,352 |  |  |  | 3,767 |  |  |  | 3,767 |
Interest Rate Swaps (Other assets) |  |  | — |  |  |  | — |  |  |  | 9 |  |  |  | 9 |
Total |  | $ | 108,500 |  |  | $ | 108,500 |  |  | $ | 13,674 |  |  | $ | 13,674 |
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Notes payable |  |  | 157,747 |  |  |  | 157,747 |  |  |  | 3,313 |  |  |  | 3,313 |
Accounts payable |  |  | 3,442 |  |  |  | 3,442 |  |  |  | 1,337 |  |  |  | 1,337 |
Accrued expenses |  |  | 3,033 |  |  |  | 3,033 |  |  |  | 2,006 |  |  |  | 2,006 |
Income tax payable |  |  | 1,640 |  |  |  | 1,640 |  |  | $ | — |  |  |  |  |
Total |  | $ | 165,862 |  |  | $ | 165,862 |  |  | $ | 6,656 |  |  | $ | 6,656 |
Summary of Fair Value Assets and Liabilities Measured on Recurring Basis | The following table presents the placement in the fair value hierarchy of assets and liabilities that are measured at fair value on a recurring basis (including items that are required to be measured at fair value) at December 31, 2020 and 2019:
|  | December 31, 2020 |  |  | Fair value measurements at reporting date using |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |
|  | (in thousands) |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Notes payable at fair value, net of debt issuance cost |  |  | 157,747 |  |  |  | — |  |  |  | 157,747 |  |  |  | — |
Total |  | $ | 157,747 |  |  | $ | — |  |  | $ | 157,747 |  |  | $ | — |
|  | December 31, 2019 |  |  | Fair value measurements at reporting date using |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |
|  | (in thousands) |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps at fair value |  | $ | 9 |  |  | $ | — |  |  | $ | 9 |  |  | $ | — |
Total |  |  | 9 |  |  |  | — |  |  |  | 9 |  |  |  | — |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Notes payable at fair value, net of debt issuance cost |  |  | 3,313 |  |  |  | — |  |  |  | 3,313 |  |  |  | — |
Total |  | $ | 3,313 |  |  | $ | — |  |  | $ | 3,313 |  |  | $ | — |

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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=121572278&loc=d3e13467-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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