XML 141 R43.htm IDEA: XBRL DOCUMENT v3.20.1
Debt (Tables)
12 Months Ended
Dec. 31, 2019
Debt  
Summary of carrying value of debt outstanding

 

 

 

 

 

 

 

 

    

December 31, 

 

December 31, 

 

 

2019

    

2018

Capital lease and other financing obligations

 

$

1,985

 

$

2,460

ABL facilities

 

 

80,000

 

 

20,550

9.50% Senior Secured Notes due 2024, face amount

 

 

340,000

 

 

 —

Less: unamortized original issue discount

 

 

(2,876)

 

 

 —

Less: unamortized term loan deferred financing costs

 

 

(13,866)

 

 

 —

Total debt, net

 

 

405,243

 

 

23,010

Less: current maturities

 

 

(996)

 

 

(2,446)

Total long-term debt

 

$

404,247

 

$

20,564

 

Components of interest expense

 

 

 

 

 

 

 

 

 

 

 

 

For the Years Ended December 31,

 

 

2019

 

2018

    

2017

Interest income on Notes Due from Affiliates (Note 10)

 

$

 -

 

$

(4,663)

 

$

(7,953)

Interest expense incurred on Notes Due to Affiliates (Note 12)

 

 

1,955

 

 

23,969

 

 

160

Interest expense incurred on ABL facilities and Notes

 

 

28,608

 

 

2,400

 

 

2,686

Amortization of deferred financing costs on Notes

 

 

2,052

 

 

 -

 

 

 -

Amortization of deferred financing costs on New ABL facility

 

 

688

 

 

 -

 

 

 -

Amortization of deferred financing costs on Algeco ABL facility

 

 

464

 

 

2,492

 

 

 -

Amortization of original issue discount on Notes

 

 

425

 

 

 -

 

 

 -

Interest capitalized

 

 

(791)

 

 

 -

 

 

 -

Interest expense (income), net

 

$

33,401

 

$

24,198

 

$

(5,107)

 

Schedule of future maturities

 

 

 

 

2020

    

$

989

2021

 

 

700

2022

 

 

296

2023

 

 

 —

2024

 

 

80,000

Thereafter

 

 

340,000

Total

 

$

421,985

 

Senior Secured Notes 2024  
Debt  
Summary of carrying value of debt outstanding

 

 

 

 

 

 

 

 

 

 

 

    

 

Principal

    

 

Unamortized Original Issue Discount

    

 

Unamortized Deferred Financing Costs

9.50% Senior Secured Notes, due 2024

 

$

340,000

 

$

2,876

 

$

13,866

 

Schedule of debt redemption

 

 

 

 

 

Redemption

Year

    

Price

2021

 

104.750%

2022

 

102.375%

2023 and thereafter

 

100.000%