LONG-TERM DEBT (Tables)

6 Months Ended

Jun. 30, 2020

Debt Disclosure [Abstract]

Outstanding Debt

Total debt consisted of the following at the dates indicated (in thousands):

	June 30, 2020			December 31, 2019
9.875%/11.500% Senior Secured PIK Toggle Notes, due June 2024	$	338,778		$	380,619
Insurance and vehicle financing		1,389			574
Less deferred financing costs, net of accumulated amortization		(16,838	)		(12,856	)
Total debt		323,329			368,337
Less current maturities		(1,291	)		(374	)
Total long-term debt	$	322,038		$	367,963

Schedule of Consolidated Interest Coverage Ratio

The Indenture includes financial covenants pursuant to which the Issuers will not permit:

• the Minimum Operating Cash Flow Amount to be less than $(35.0) million at June 30, 2020 and September 30, 2020;

• the ratio of the sum of the Operating Cash Flow Amount plus Cash Interest Expense to Cash Interest Expense, or the Consolidated Interest Coverage Ratio, for the twelve months ending as of each date set forth below to be less than:

December 31, 2020	0.00x
March 31, 2021	0.75x
June 30, 2021	1.10x
September 30, 2021	1.35x
December 31, 2021	1.45x
March 31, 2022 and each quarter end thereafter	1.50x