DEBT (Tables)

6 Months Ended

Jun. 30, 2020

DEBT

Schedule of long-term debt

	June 30,		December 31,
$s in thousands	2020		2019
Revolving credit facility	$	420,978	$	327,000
Term loan		447,750		450,000
Unamortized term loan discount and debt issuance costs		(7,228)		(7,799)
Total debt		861,500		769,201
Current portion of long-term debt and Short-term borrowings		(7,337)		(3,359)
Long-term debt	$	854,163	$	765,842

Schedule of interest margins based on the total net leverage ratio

Consolidated Total Net Leverage Ratio	LIBOR Rate Loans Interest Margin	Base Rate Loans Interest Margin
Equal to or greater than 3.25 to 1.00	2.00%	1.00%
Equal to or greater than 2.50 to 1.00, but less than 3.25 to 1.00	1.75%	0.75%
Equal to or greater than 1.75 to 1.00, but less than 2.50 to 1.00	1.50%	0.50%
Equal to or greater than 1.00 to 1.00, but less than 1.75 to 1.00	1.25%	0.25%
Less than 1.00 to 1.00	1.00%	0.00%

Consolidated Total Net Leverage Ratio	LIBOR Rate Loans Interest Margin	Base Rate Loans Interest Margin
Equal to or greater than 4.50 to 1.00	2.50%	1.50%
Equal to or greater than 4.00 to 1.00, but less than 4.50 to 1.00	2.25%	1.25%
Equal to or greater than 3.25 to 1.00, but less than 4.00 to 1.00	2.00%	1.00%
Equal to or greater than 2.50 to 1.00, but less than 3.25 to 1.00	1.75%	0.75%
Equal to or greater than 1.75 to 1.00, but less than 2.50 to 1.00	1.50%	0.50%
Equal to or greater than 1.00 to 1.00, but less than 1.75 to 1.00	1.25%	0.25%
Less than 1.00 to 1.00	1.00%	0.00%

Schedule of maximum consolidated leverage ratio for different periods

Fiscal Quarter(s)	Consolidated Total Net Leverage Ratio
Fiscal Quarters ending June 30, 2017 through September 30, 2019	3.50:1.00
Fiscal Quarters ending December 31, 2019 and thereafter	4.00:1.00