DEBT (Tables)

12 Months Ended

Dec. 31, 2017

Debt Disclosure [Abstract]

Schedule of debt and capital leases

Debt consisted of the following:

	December 31,
	2017			2016
	(In thousands)
Summit Holdings variable rate senior secured Revolving Credit Facility     (4.07% at December 31, 2017 and 3.27% at December 31, 2016)     due May 2022	$	261,000		$	648,000
Summit Holdings 5.5% senior unsecured notes due August 2022		300,000			300,000
Less unamortized debt issuance costs (1)		(2,910	)		(3,516	)
Summit Holdings 5.75% senior unsecured notes due April 2025		500,000			—
Less unamortized debt issuance costs (1)		(6,898	)		—
Summit Holdings 7.5% senior unsecured notes redeemed March 2017 (2)		—			300,000
Less unamortized debt issuance costs (1)(2)		—			(4,183	)
Total long-term debt	$	1,051,192		$	1,240,301

__________

(1) Issuance costs are being amortized over the life of the notes.

(2)Debt was extinguished following the 5.75% Senior Notes offering in February 2017. In conjunction with the early debt extinguishment, the remaining unamortized debt issuance costs were written off.

Schedule of maturities of long-term debt

The aggregate amount of debt maturing during each of the years after December 31, 2017 are as follow (in thousands):

2018	$	—
2019		—
2020		—
2021		—
2022		561,000
Thereafter		500,000
Total long-term debt	$	1,061,000