COMMITMENTS, CONTINGENCIES AND LITIGATION (Tables)

12 Months Ended

Dec. 31, 2019

Commitments and Contingencies Disclosure [Abstract]

Schedule of information with respect to financial covenants

The table below sets forth information with respect to the current financial covenants as well as the calculation of our performance in relation to the covenant requirements at December 31, 2019. 

	Covenants Requirements	Ratios at December 31, 2019
Maximum Total Net Leverage Ratio should be equal to or less than:	7.25	7.03
Maximum Consolidated Interest Coverage Ratio should be equal to or greater than:	1.60	1.84

Schedule of credit agreements

A summary of our credit agreement as of December 31, 2019 and December 31, 2018 is as follows (dollars in thousands): 

	December 31,
	2019			2018
Outstanding principal balance on the term loan, less unamortized discount and prepaid costs of $12.5 million and $13.5 million, respectively	$	413,311		$	415,599
Outstanding balance on the revolving credit facility	20,000			—
Letters of credit issued	4,810			4,187
Surety bonds issued	131			131
Borrowing capacity on revolving credit facility	10,059			30,682
Interest rate – term loan	8.0		%	8.2		%
Interest rate – drawn amounts under revolving credit facility	8.7		%	—		%

Schedule of future minimum payments under service commitments

Future minimum payments under these service commitments having terms in excess of one year were as follows at December 31, 2019 (in thousands): 

2020	$	2,390
2021	796
2022	140
2023	19
2024	—
Thereafter	—
	$	3,345