v3.22.2.2
Debt
 9 Months Ended
Sep. 30, 2022
Debt Disclosure [Abstract]  
Debt Debt
The Company's debt consists of the following:
(in thousands)September 30, 2022December 31, 2021
Senior Secured Term Loan due 2026:
Principal$400,000 $400,000 
Less: debt discount (1)
(4,954)(6,074)
Less: deferred financing (1)
(3,727)(4,569)
Net carrying value of Long-term debt$391,319 $389,357 
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(1) Included in the Consolidated Balance Sheets within long-term debt and amortized to interest expense over the remaining life of the Senior Secured Term Loan due 2026 using the effective interest rate method.
Interest Expense
The following table sets forth interest expense recognized related to the Company's debt for the three and nine months ended September 30, 2022 and 2021, respectively:
Three Months Ended September 30,Nine Months Ended September 30,
(in thousands)2022202120222021
Contractual interest expense$8,945 $7,681 $24,034 $22,806 
Amortization of debt discount$382 $383 $1,121 $1,098 
Amortization of deferred financing$286 $269 $842 $754