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DEBT (Tables)
3 Months Ended
Mar. 31, 2018
Debt Disclosure [Abstract]  
Schedule of debt and capital leases

Debt consisted of the following:

 

 

March 31, 2018

 

 

December 31, 2017

 

 

 

(In thousands)

 

Summit Holdings variable rate senior secured Revolving Credit Facility

    (3.90% at March 31, 2018 and 4.07% at December 31, 2017)

    due May 2022

 

$

301,000

 

 

$

261,000

 

Summit Holdings 5.5% senior unsecured notes due August 2022

 

 

300,000

 

 

 

300,000

 

Less unamortized debt issuance costs (1)

 

 

(2,747

)

 

 

(2,910

)

Summit Holdings 5.75% senior unsecured notes due April 2025

 

 

500,000

 

 

 

500,000

 

Less unamortized debt issuance costs (1)

 

 

(6,651

)

 

 

(6,898

)

Total long-term debt

 

$

1,091,602

 

 

$

1,051,192

 

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