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Debt (Tables)
12 Months Ended
Dec. 31, 2018
Debt Disclosure [Abstract]  
Schedule of Carrying Values of Debt

As of December 31, 2018 and 2017, the carrying values of debt were as follows:

 

 

 

 

 

 

 

December 31, 2018

 

December 31, 2017

 

 

Issuance

date

 

Maturity

date

 

Amount

(in thousands)

 

 

Effective

Interest Rate

 

Amount

(in thousands)

 

 

Effective

Interest Rate

Revolving credit facilities, as modified

 

February 2013

 

April 2022

 

$

 

 

n/a

 

$

25,000

 

 

5.36% - 5.46%

2018 Refinancing Facility Agreement

 

October 2018

 

October 2025

 

 

219,450

 

 

6.00% - 6.10%

 

 

 

 

n/a

2017 Refinancing Facility Agreement

 

April 2017

 

April 2024

 

 

 

 

n/a

 

 

298,500

 

 

5.66% - 5.84%

Total debt

 

 

 

 

 

$

219,450

 

 

 

 

$

323,500

 

 

 

Less: Unamortized issuance discount and issuance costs, net

 

 

 

 

 

 

2,035

 

 

 

 

 

5,179

 

 

 

Less: Current portion of debt, net

 

 

 

 

 

 

1,900

 

 

 

 

 

2,032

 

 

 

Long term debt, net

 

 

 

 

 

$

215,515

 

 

 

 

$

316,289

 

 

 

Schedule of Future Minimum Payment Obligations of Principal Amounts Due

Principal and interest payments are due quarterly. As of December 31, 2018, future minimum payment obligations of principal amounts due by year under the 2018 Credit Facility were as follows (in thousands):

 

2019

 

$

2,200

 

2020

 

 

2,200

 

2021

 

 

2,200

 

2022

 

 

2,200

 

2023

 

 

2,200

 

Thereafter

 

 

208,450

 

Total principal outstanding

 

$

219,450