XML 119 R32.htm IDEA: XBRL DOCUMENT v3.20.1
Long-Term Debt (Tables)
 12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Summary of Debt
The Company’s debt at December 31, 2019 and 2018 consisted of the following (in thousands):
 
December 31, 2019
 
Outstanding
Principal
 
Unamortized
Premium
(Discount)
 
Unamortized Deferred Financing Costs (1)
 
Net Carrying
Amount
Long-Term Debt:
 
 
 
 
 
 
 
Senior Secured Revolving Credit Facilities
$
245,000

 
$
—

 
$
—

 
245,000

8.875% Senior Secured Notes Due 2022
270,000

 
(1,645
)
 
(451
)
 
267,904

7.875% Senior Secured Notes Due 2022
900,000

 
15,480

 
(9,532
)
 
905,948

7.625% Senior Notes Due 2023
400,000

 
—

 
(3,081
)
 
396,919

8.500% Senior Secured Notes Due 2024
225,000

 
—

 
(4,431
)
 
220,569

Term Loan - noncurrent
791,775

 
—

 
(7,822
)
 
783,953

Total Long-Term Debt
2,831,775

 
13,835

 
(25,317
)
 
2,820,293

Current Debt:
 
 
 
 
 
 
 
8.75% Senior Notes due 2020
454,299

 
742

 
$
(1,721
)
 
453,320

Term Loan - current
8,100

 
—

 
—

 
8,100

Total Current Debt
462,399

 
742

 
(1,721
)
 
461,420

Total Debt
$
3,294,174

 
$
14,577

 
$
(27,038
)
 
$
3,281,713

 
December 31, 2018
 
Outstanding
Principal
 
Unamortized
Premium
(Discount)
 
Unamortized Deferred Financing Costs (1)
 
Net Carrying
Amount
Long-Term Debt:
 
 
 
 
 
 
 
8.75% Senior Notes due 2020
$
679,299

 
$
2,230

 
$
(5,380
)
 
$
676,149

8.875% Senior Secured Notes Due 2022
270,000

 
(2,122
)
 
(602
)
 
267,276

7.875% Senior Secured Notes Due 2022
900,000

 
20,178

 
(12,799
)
 
907,379

7.625% Senior Notes Due 2023
400,000

 
—

 
(3,922
)
 
396,078

Term Loan - noncurrent
799,875

 
—

 
(9,662
)
 
790,213

Total Long-Term Debt
3,049,174

 
20,286

 
(32,365
)
 
3,037,095

Term Loan - current
8,100

 
—

 
—

 
8,100

Total Debt
$
3,057,274

 
$
20,286

 
$
(32,365
)
 
$
3,045,195

 
 
(1) Unamortized deferred financing costs related to the revolving credit facilities included in deferred financing costs, net on the consolidated balance sheets at December 31, 2019 and 2018 was $1.1 million and $2.1 million, respectively.
Schedule Of Other Expense And Loss On Extinguishment And Deferred Financing Costs
As a result of these analyses, the following amounts of other expense and loss on extinguishment and deferred financing costs were recorded (in thousands):

 
Other expense and loss on extinguishment
 
Deferred financing costs
Issuance
Original premium extinguished
 
Previously deferred financing costs extinguished
 
New financing costs
 
Total other expense and loss on extinguishment
 
Previously deferred financing rolled over
 
New deferred financing costs
 
Total deferred financing costs
For the year ended December 31, 2019
 
 
 
 
 
 
 
 
 
 
 
 
 
2024 Notes May 2019 issuance
$
(588
)
 
$
1,395

 
$
—

 
$
807

 
$
—

 
$
4,956

 
$
4,956

 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the year ended December 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
Term Loan September 2018 issuance
(953
)
 
4,207

 
11,317

 
14,571

 
—

 
10,275

 
10,275

 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the year ended December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
2023 Notes August 2017 issuance
—

 
1,408

 
8,881

 
10,289

 
473

 
4,569

 
5,042

2022 Notes February 2017 issuance
—

 
3,259

 
9,491

 
12,750

 
1,476

 
6,076

 
7,552

Total
$
—

 
$
4,667

 
$
18,372

 
$
23,039

 
$
1,949

 
$
10,645

 
$
12,594
Schedule of Deferred Financing Activity
The following table presents deferred financing activity for the years ended December 31, 2019 and 2018 (in thousands):

 
Unamortized Deferred Financing Costs
 
Balance December 31, 2018
 
Additions
 
Early Extinguishment
 
Amortized
 
Balance December 31, 2019
Revolving Credit Facility
$
2,058

 
$
—

 
$
—

 
$
(935
)
 
$
1,123

2020 Notes
5,380

 
—

 
(1,395
)
 
(2,264
)
 
1,721

2022 Private Placement Notes
602

 
—

 
—

 
(151
)
 
451

2022 Notes
12,799

 
—

 
—

 
(3,267
)
 
9,532

2023 Notes
3,922

 
—

 
—

 
(841
)
 
3,081

2024 Notes
—

 
4,956

 
—

 
(525
)
 
4,431

Term Loan
9,662

 
—

 
—

 
(1,840
)
 
7,822

Total Deferred Financing Costs
$
34,423

 
$
4,956

 
$
(1,395
)
 
$
(9,823
)
 
$
28,161



 
Unamortized Deferred Financing Costs
 
Balance December 31, 2017
 
Additions
 
Early Extinguishment
 
Amortized
 
Balance December 31, 2018
Revolving Credit Facility
$
3,099

 
$
—

 
$
—

 
$
(1,041
)
 
$
2,058

2019 Notes
2,877

 
—

 
(1,877
)
 
(1,000
)
 
—

2020 Notes
11,209

 
—

 
(2,330
)
 
(3,499
)
 
5,380

2022 Private Placement Notes
752

 
—

 
—

 
(150
)
 
602

2022 Notes
16,067

 
—

 
—

 
(3,268
)
 
12,799

2023 Notes
4,762

 
—

 
—

 
(840
)
 
3,922

Term Loan
$
—

 
$
10,275

 
$
—

 
$
(613
)
 
9,662

Total Deferred Financing Costs
$
38,766

 
$
10,275

 
$
(4,207
)
 
$
(10,411
)
 
$
34,423