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Debt and Other Long-term Liabilities (Tables) | 12 Months Ended
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Dec. 31, 2020
Debt Disclosure [Abstract] |
Net Carrying Amount of Debt | The Company’s net carrying amount of debt is comprised of the following:
|  | December 31, |  | December 31, |
($ in thousands) |  | 2020 |  | 2019 |
Term loan debt |  | $ | 16,750 |  | $ | 19,000 |
Unamortized deferred finance costs related to term loan |  |  | (112) |  |  | (179) |
Total |  |  | 16,638 |  |  | 18,821 |
Current portion of long-term debt |  |  | 2,800 |  |  | 2,250 |
Long-term debt |  | $ | 13,838 |  | $ | 16,571 |
Maturities of Long-term Debt | The remaining principal balance of the Term Loans, as amended, outstanding at December 31, 2020 is payable in fixed installments as set forth in the following table, plus the variable payments as described below:
($ in thousands)
Installment Payment Dates |  | Amount
March 31, 2021, June 30, 2021, September 30, 2021, and December 31, 2021 |  | $ | 700
March 31, 2022, June 30, 2022, September 30, 2022, and December 31, 2022 |  | $ | 1,125
March 31, 2023, June 30, 2023, September 30, 2023, and December 31, 2023 |  | $ | 1,250
Thus, the aggregate remaining annual principal payments under the Term Loans at December 31, 2020 were as follows:
|  | Amount of
($ in thousands) |  | Principal
Year Ending December 31, |  | Payment
2021 |  | $ | 2,800
2022 |  |  | 8,950
2023 |  |  | 5,000
Total |  | $ | 16,750
Schedule of Fixed Charge Coverage Ratios and Leverage Ratios |
Fiscal Quarter End |  | Fixed Charge Coverage Ratio
December 31, 2020, March 31, 2021, June 30, 2021, September 30, 2021, and December 31, 2021 |  | 1.25 to 1.00
March 31, 2022, and thereafter |  | 1.10 to 1.00
Fiscal Period |  | Maximum Leverage Ratio
December 31, 2020 |  | 3.50 to 1.00
March 31, 2021 |  | 3.15 to 1.00
June 30, 2021 |  | 3.00 to 1.00
September 30, 2021 |  | 2.75 to 1.00
December 31, 2021 |  | 2.50 to 1.00
March 31, 2022 and each Fiscal Quarter end thereafter |  | 1.50 to 1.00

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