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Long-Term Debt (Tables)
 12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Long-Term Debt
Long-term debt consists of the following:
December 31, 2019December 31, 2018
(In thousands) 
2016 Revolving Credit Facility (1)$—  $—  
5.0% Senior Subordinated Notes due 2023 (the “5.0% Notes”)—  289,273  
6.125% Senior Subordinated Notes due 2027 (the “6.125% Notes”)250,000  250,000  
2019 Mortgage Facility (2)109,088  —  
Mortgage notes to finance companies - fixed rate, bearing interest from 3.51% to 7.03%194,535  215,196  
Mortgage notes to finance companies - variable rate, bearing interest at 1.50 to 2.90 percentage points above one-month or three-month LIBOR161,345  180,959  
Other—  20,589  
Subtotal714,968  956,017  
Debt issuance costs(8,082) (10,934) 
Total debt706,886  945,083  
Less current maturities(69,908) (26,304) 
Long-term debt$636,978  $918,779  

(1) The interest rate on the 2016 Revolving Credit Facility (as defined below) was 150 and 250 basis points above LIBOR at December 31, 2019 and 2018, respectively.
(2) The interest rate on the 2019 Mortgage Facility (as defined below) was 200 basis points above LIBOR at December 31, 2019.
Future Maturities of Long-Term Debt
Future maturities of long-term debt are as follows:
Principal
Year Ending December 31,(In thousands)
2020$69,908  
202163,274  
202250,241  
202368,857  
2024108,462  
Thereafter354,226  
Total$714,968  
Debt Instrument [Line Items]  
Financial Covenants Include Required Specified Ratios
We were in compliance with the financial covenants under the 2016 Credit Facilities and the 2019 Mortgage Facility as of December 31, 2019. Financial covenants include required specified ratios (as each is defined in the 2016 Credit Facilities and the 2019 Mortgage Facility) of:
Covenant
Minimum
Consolidated
Liquidity
Ratio
Minimum
Consolidated
Fixed Charge
Coverage
Ratio
Maximum
Consolidated
Total Lease
Adjusted Leverage
Ratio
Required ratio1.05  1.20  5.75  
December 31, 2019 actual1.11  1.60  3.21  
Summary of Interest Received and Paid under Term of Cash Flow Swap .
Notional
Amount		Cap Rate (1)Receive Rate (1) (2)Start DateMaturing Date
(In millions)
$312.5  2.000%  one-month LIBORJuly 1, 2019June 30, 2020
$250.0  3.000%  one-month LIBORJuly 1, 2019June 30, 2020
$225.0  3.000%  one-month LIBORJuly 1, 2020June 30, 2021
$150.0  2.000%  one-month LIBORJuly 1, 2020July 1, 2021
$250.0  3.000%  one-month LIBORJuly 1, 2021July 1, 2022
(1) Under these interest rate caps, no payment will occur unless the stated receive rate exceeds the stated pay rate. If this occurs, a net payment to us from the counterparty based on the spread between the receive rate and the pay rate will be recognized as a reduction of interest expense, other, net in the accompanying consolidated statements of income.
(2) The one-month LIBOR rate was approximately 1.763% at December 31, 2019.
6.125% Notes  
Debt Instrument [Line Items]  
Redemption Price, Percentage We may redeem the 6.125% Notes, in whole or in part, at any time on or after March 15, 2022 at the following redemption prices, which are expressed as percentages of the principal amount:
Redemption Price
Beginning on March 15, 2022103.063 %
Beginning on March 15, 2023102.042 %
Beginning on March 15, 2024101.021 %
Beginning on March 15, 2025 and thereafter100.000 %