Revolving Credit Facility and Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2019

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

	September 30, 2019		December 31, 2018
Term Loans	$	150,000	$	72,500
Revolving credit loans		290,500		316,000
Collateralized debt facility		—		7,000
Less unamortized debt issuance costs		(544)		(348)
Total long-term debt		439,956		395,152
Less current portion		7,500		22,000
Long-term portion	$	432,456	$	373,152

Schedule of Long-term Debt Covenants

	Covenant Requirement
Consolidated Total Leverage Ratio (1)		4.0 to 1.0
Consolidated Interest Coverage Ratio (2)		3.0 to 1.0
Facility Capital Expenditures (3)		$50 million

(1) Maximum Consolidated Total Net Leverage Ratio (as defined in the Third Amended Credit Agreement) as of any fiscal quarter end.

(2) Minimum ratio of Consolidated EBITDA (as defined in the Third Amended Credit Agreement and adjusted for certain expenditures) to Consolidated interest expense (as defined in the Third Amended Credit Agreement) for any period of four consecutive fiscal quarters.

(3) Maximum level of the aggregate amount of all Facility Capital Expenditures (as defined in the Third Amended Credit Agreement) in any fiscal year.

Schedule of Maturities of Long-term Debt

Future minimum principal payments on our long-term debt as of September 30, 2019, were as follows (in thousands):

Years Ending	Future Minimum
December 31,	Principal Payments
Remaining 2019	$	1,875
2020		7,500
2021		7,500
2022		8,438
2023		11,250
2024		403,937
Total future minimum principal payments	$	440,500