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Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2020

The following table presents our consolidated debt obligations at the dates indicated:

	September 30,		December 31,
	2020		2019
	(In thousands)
Revolving Credit Facility (1)	$	265,000	$	285,000
Paycheck Protection Program loan (2)		5,516		—
Total debt		270,516		285,000
Current portion of long-term debt (3)		5,000		—
Long-term debt	$	265,516	$	285,000

(1)	The carrying amount of our Revolving Credit Facility approximates fair value because the interest rates are variable and reflective of market rates.

(2)	See below for additional information regarding the receipt of the paycheck protection program loan.

(3)	Reflects the current portion of the monthly reductions for the Revolving Credit Facility as described below regarding the Third Amendment (as defined below).

Summary of Weighted-Average Interest Rates Paid Excluding Commitment Fees on Variable-Rate Debt Obligations

The following table presents the weighted-average interest rates paid, excluding commitment fees, on our consolidated variable-rate debt obligations for the periods presented:

	For the Three Months Ended		For the Nine Months Ended
	September 30,		September 30,
	2020	2019	2020	2019
Revolving Credit Facility	3.72%	4.89%	3.61%	4.99%

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details