Debt (Tables)

3 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Schedule of Debt

Debt consisted of the following at March 31, 2020 and December 31, 2019:

			March 31, 2020					December 31, 2019
	Interest Rate	Maturity Date	Unamortized Debt Issuance Costs (h)		Carrying Value of Debt (i)			Carrying Value of Debt (i)
Revolving Facility (a)	6.77%	Feb. 2021	$	—	$	—		$	—
First Lien Term Loan (b)	8.77%	Feb. 2021	54		17,185			18,008
Second Lien Term Loan (c)	11.00%	Oct. 2021	—		9,013			9,013
Vehicle Term Loan (d)	5.27%	Dec. 2021	—		634			725
Equipment Term Loan (e)	6.50%	Nov. 2022	—		219			—
Finance leases (f)	6.84%	Various	—		8,218			8,784
Total debt			$	54	35,269			36,530
Debt issuance costs presented with debt					(54		)	(95		)
Total debt, net					35,215			36,435
Less: current portion of long-term debt (g)					(19,871		)	(6,430		)
Long-term debt					$	15,344		$	30,005

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(a) The interest rate presented represents the interest rate as of March 31, 2020 on the Revolving Facility.

(b) Interest on the First Lien Term Loan accrues at an annual rate equal to the LIBOR Rate plus 7.25%.

(c) Interest on the Second Lien Term Loan (as defined below) accrues at an annual rate equal to 11.0%, payable in cash, in arrears, on the first day of each month.

(d) Interest on the Vehicle Term Loan (as defined below) accrues at an annual rate of 5.27%.

(e) Interest on the Equipment Term Loan (as defined below) accrues at an annual rate of 6.50%.

(f) Our finance leases include finance lease arrangements related to fleet purchases and real property with a weighted-average annual interest rate of approximately 6.84%, which mature in varying installments between 2020 and 2029.

(g) The principal payments due within one year for the First Lien Term Loan, Second Lien Term Loan, Vehicle Term Loan, Equipment Term Loan and finance leases and payment of principal at maturity of the First Lien Term Loan are included in current portion of long-term debt as of March 31, 2020.

(h) The debt issuance costs as of March 31, 2020 and December 31, 2019 resulted from the amendment to the First Lien Term Loan, done in connection with our acquisition of Clearwater Three, LLC, Clearwater Five, LLC, and Clearwater Solutions, LLC.

(i) Our Revolving Facility, First Lien Term Loan, Second Lien Term Loan, and finance leases bear interest at rates commensurate with market rates and therefore their respective carrying values approximate fair value.