General form of registration statement for all companies including face-amount certificate companies

Debt (Tables)

v3.22.1
Debt (Tables)
 3 Months Ended 12 Months Ended
Mar. 31, 2022
Dec. 31, 2021
Debt Disclosure [Abstract]    
Schedule of Long-term Debt Instruments
The table below presents details of the Company’s debt as of the following periods including the effective interest rate as of March 31, 2022:
Effective interest rate March 31,
2022		 December 31,
2021
Adams Street Term Loan
 7.58  % $ 30,613  $ 30,690 
Adams Street Revolving Credit Facility
 —  —  — 
Adams Street Delayed Draw Term Loan
 7.58  14,813  14,850 
Adams Street Incremental Term Loan
 7.47  31,680  31,760 
D&O Financing Loan 1.75  761  1,904 
Total debt
 77,867  79,204 
Less: unamortized discounts and issuance costs
 1,580  1,653 
Total debt, net
 76,287  77,551 
Less: Short-term debt, including current portion of long-term debt
 1,542  2,684 
Total long-term debt, net
 $ 74,745  $ 74,867 
The table below presents details of the Company’s debt as of the following periods including the effective interest rate as of December 31, 2021:
Successor
Effective interest rate December 31,
2021		 December 31,
2020
Adams Street Term Loan
 7.58  % $ 30,690  $ 31,000 
Adams Street Revolving Credit Facility
 7.00  —  — 
Adams Street Delayed Draw Term Loan
 7.57  14,850  — 
Adams Street Incremental Term Loan
 7.47  31,760  — 
SVB Loan
 —  —  46,500 
DSS PPP Loan
 —  —  1,058 
D&O Financing Loan 1.75  1,904  — 
Total debt
 79,204  78,558 
Less: unamortized discounts and issuance costs
 1,653  842 
Total debt, net
 77,551  77,716 
Less: Short-term debt, including current portion of long-term debt
 2,684  1,074 
Total long-term debt, net
 $ 74,867  $ 76,642 
Schedule of Maturities of Long-term Debt
The maturities of the Company’s long-term debt outstanding as of March 31, 2022 are as follows:
Remainder of 2022 2023 2024 2025 2026 Thereafter Total
Adams Street Term Loan
 $ 233  $ 310  $ 310  $ 310  $ 29,450  $ —  $ 30,613 
Adams Street Delayed Draw Term Loan
 113  150  150  150  14,250  —  14,813 
Adams Street Incremental Term Loan
 240  320  320  320  30,480  —  31,680 
D&O Financing Loan
 761  —  —  —  —  —  761 
Total long-term debt maturities
 $ 1,347  $ 780  $ 780  $ 780  $ 74,180  $ —  $ 77,867 
The maturities of the Company’s long-term debt outstanding as of December 31, 2021 are as follows:
2022 2023 2024 2025 2026 Thereafter Total
Adams Street Term Loan
 $ 310  $ 310  $ 310  $ 310  $ 29,450  $ —  $ 30,690 
Adams Street Delayed Draw Term Loan
 150  150  150  150  14,250  —  14,850 
Adams Street Incremental Term Loan
 320  320  320  320  30,480  —  31,760 
D&O Financing Loan
 1,904  —  —  —  —  —  1,904 
Total long-term debt maturities
 $ 2,684  $ 780  $ 780  $ 780  $ 74,180  $ —  $ 79,204 
Interest Income and Interest Expense Disclosure
The table below presents the interest expense on debt, including the amortization of discounts and issuance costs for the following periods:
Three Months Ended
March 31, 2022 March 31, 2021
Interest expense on debt $ 1,452  $ 1,410 
The table below presents the interest expense on debt, including the amortization of discounts and issuance costs for the following periods:
Successor Predecessor
Year Ended December 31, 2021 Period from February 10, 2020 to December 31, 2020 Period from January 1, 2020 to June 21, 2020
Interest expense on debt $ 6,458  $ 878  $ 83