LONG-TERM DEBT (Tables)

9 Months Ended

Sep. 30, 2017

LONG-TERM DEBT [Abstract]

Long-term Debt

Long-term debt consisted of the following (in thousands):

	September 30, 2017			December 31, 2016
ABL Revolver	$	-		$	-
Term Loan B		250,000			-
Line of credit		-			147,600
Term loan		-			74,500
Promissory note payable in monthly installments at 2.9% through   January 2021, collateralized by equipment		2,938			3,577
Less unamortized debt issuance costs		(10,531	)		(992	)
		242,407			224,685
Less: Current portion		(3,365	)		(51,354	)
Long-term debt less current maturities	$	239,042		$	173,331

Computation of Secured Leverage Ratio to EBITDA

Fiscal Quarter	Secured Leverage Ratio
December 31, 2017	5.75:1.00
March 31, 2018	5.75:1.00
June 30, 2018	5.50:1.00
September 30, 2018	5.50:1.00
December 31, 2018	5.25:1.00
March 31, 2019	5.25:1.00
June 30, 2019	5.00:1.00
September 30, 2019	5.00:1.00
December 31, 2019	4.75:1.00
March 31, 2020	4.75:1.00
June 30, 2020 and each Fiscal Quarter thereafter	4.50:1.00