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Long-Term Debt (Tables)
3 Months Ended
Mar. 31, 2020
Debt Disclosure [Abstract]  
Schedule of Long-term Debt

At March 31, 2020 and December 31, 2019, debt consisted of:

 

 

 

March 31, 2020

 

 

December 31, 2019

 

 

 

Average

Interest Rate

 

 

Outstanding

Balance

 

 

Average

Interest Rate

 

 

Outstanding

Balance

 

Term Loan

 

 

 

 

 

$

200,000

 

 

 

 

 

 

$

 

Revolving Credit

 

 

 

 

 

 

320,000

 

 

 

 

 

 

 

165,444

 

Total before debt issuance costs

 

 

3.05

%

 

 

520,000

 

 

 

3.59

%

 

 

165,444

 

Unamortized debt issuance costs

 

 

 

 

 

 

(3,021

)

 

 

 

 

 

 

(1,183

)

 

 

 

 

 

 

$

516,979

 

 

 

 

 

 

$

164,261

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current portion of long-term debt

 

 

 

 

 

$

10,000

 

 

 

 

 

 

$

 

Long-term debt - non-current

 

 

 

 

 

 

506,979

 

 

 

 

 

 

 

164,261

 

 

 

 

 

 

 

$

516,979

 

 

 

 

 

 

$

164,261

 

Schedule of Future Repayments of Debt Principal

Future repayments of debt principal are as follows:

 

 

 

 

 

 

 

Payments due by March 31,

 

 

 

 

 

 

 

 

 

 

 

2021

 

 

2022

 

 

2023

 

 

2024

 

 

2025

 

 

Thereafter

 

 

Total

 

Term Loan

 

$

10,000

 

 

$

10,000

 

 

$

10,000

 

 

$

15,000

 

 

$

155,000

 

 

$

 

 

$

200,000

 

Revolving Credit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

320,000

 

 

 

 

 

 

320,000

 

Total

 

$

10,000

 

 

$

10,000

 

 

$

10,000

 

 

$

15,000

 

 

$

475,000

 

 

$

 

 

$

520,000