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Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2021

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

	June 30,		December 31,
	2021		2020
	(In thousands)
Revolving Credit Facility (1)	$	235,000	$	255,000
Paycheck Protection Program loan (2)		—		5,516
Total long-term debt	$	235,000	$	260,516

(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 and forgiveness of the paycheck protection program loan.

Summary of Weighted-Average Interest Rates Paid 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 Six Months Ended
	June 30,		June 30,
	2021	2020	2021	2020
Revolving Credit Facility	3.65%	3.12%	3.66%	3.55%

- 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.

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+ Details