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Financing Arrangement (Tables)
12 Months Ended
Dec. 31, 2019
Debt Instrument [Line Items]  
Schedule of Composition of Company’s Debt and Financing Obligations

 

 

 

 

 

 

 

 

    

December 31, 

    

December 31,

 

 

2019

 

2018

CIT Bank, N.A. Term Loan, net of deferred financing costs of $3.4 million and  $4.6 million
as of December 31, 2019 and December 31, 2018, respectively

 

$

267,950

 

$

266,803

Note payable — insurance financing

 

 

 —

 

 

1,774

Total debt and financing obligations

 

 

267,950

 

 

268,577

Less: current portion

 

 

 —

 

 

(1,774)

Long-term debt

 

$

267,950

 

$

266,803

 

Schedule of Maturities of Long-Term Debt

 

 

 

 

 

    

Maturities of Long-term

Years ending December 31,

 

Obligations 

2020

 

$

 —

2021

 

 

 —

2022

 

 

271,360

Total

 

$

271,360

 

Term A Loan  
Debt Instrument [Line Items]  
Schedule of Interest Rates

 

 

 

 

 

 

Total Leverage Ratio

    

LIBOR Rate Margin

    

ABR Margin

 

Category 1

 

3.75

%  

2.75

%

Greater than 2.00 to 1.00

 

 

 

 

 

Category 2

 

3.25

%  

2.25

%

Equal to or less than 2.00 to 1.00

 

 

 

 

 

 

Revolving Credit Facility [Member]  
Debt Instrument [Line Items]  
Schedule of Interest Rates

 

 

 

 

 

 

 

 

Total Leverage Ratio

    

LIBOR Rate Margin

    

ABR Margin

 

Commitment Fee

 

Category 1

 

3.75

%  

2.75

%

0.50

%

Greater than 2.00 to 1.00

 

 

 

 

 

 

 

Category 2

 

3.25

%  

2.25

%

0.38

%

Equal to or less than 2.00 to 1.00