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Debt (Tables)
6 Months Ended
Jun. 30, 2020
Debt Disclosure [Abstract]  
Schedule of Debt
Debt consisted of the following at June 30, 2020 and December 31, 2019:
 
 
 
 
 
June 30, 2020
 
December 31, 2019
 
Interest Rate
 
Maturity Date
 
Unamortized Debt Issuance Costs (i)
 
Carrying Value of Debt (j)
 
Carrying Value of Debt (j)
Revolving Facility (a)
6.25%
 
Feb. 2021
 
$

 
$

 
$

First Lien Term Loan (b)
8.25%
 
Feb. 2021
 
(13
)
 
16,362

 
18,008

Second Lien Term Loan (c)
11.00%
 
Oct. 2021
 

 
8,750

 
9,013

PPP Loan (d)
1.00%
 
May 2022
 

 
4,000

 

Vehicle Term Loan (e)
5.27%
 
Dec. 2021
 

 
543

 
725

Equipment Term Loan (f)
6.50%
 
Nov. 2022
 

 
198

 

Finance leases (g)
6.75%
 
Various
 

 
8,041

 
8,784

Total debt
 
 
 
 
$
(13
)
 
37,894

 
36,530

Debt issuance costs presented with debt
 
 
 
(13
)
 
(95
)
Total debt, net
 
 
 
 
 
 
37,881

 
36,435

Less: current portion of long-term debt (h)
 
(8,553
)
 
(6,430
)
Long-term debt
 
 
 
 
 
 
$
29,328

 
$
30,005

_____________________

(a)
The interest rate presented represents the interest rate as of June 30, 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 PPP Loan (as defined below) accrues at an annual rate of 1.00%.

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

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

(g)
Our finance leases include finance lease arrangements related to fleet purchases and real property with a weighted-average annual interest rate of approximately 6.75%, which mature in varying installments between 2020 and 2029.

(h)
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 are included in current portion of long-term debt as of June 30, 2020.

(i)
The debt issuance costs as of June 30, 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.

(j)
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.