Debt (Tables)

12 Months Ended

Dec. 31, 2019

The table below presents the components of our debt (in thousands):


	December 31,
	2019		2018
Variable rate debt
Short-term borrowings	$	1,647	$	—
Current portion of long-term debt:
Australian credit facility	10,098		9,168
Short-term borrowings and current portion of long-term debt	11,745		9,168

Long-term portion:
Revolving credit facility	200,673		550,131
Term facility	185,000		—
Receivables securitization facility	115,000		108,500
Less: financing costs, net	1,011		1,038
Long-term debt, net	499,662		657,593
Total debt	$	511,407	$	666,761

The table below summarizes changes in deferred financing costs for the past two years (in thousands):


	December 31,
	2019		2018
Deferred financing costs:
Balance at beginning of year	$	4,712	$	4,606
Financing costs deferred	406		106

Balance at end of year	5,118		4,712
Less: Accumulated amortization	(4,107)		(3,674)
Deferred financing costs, net of accumulated amortization	$	1,011	$	1,038

The following table provides additional details related to this swap contract:

The following table provides additional details related to these swap contracts:


Derivative	Inception Date	Notional Amount (in millions)		Fixed Interest Rate
Forward-starting interest rate swap 1	May 7, 2019	$	75.0	2.0925	%
Forward-starting interest rate swap 2	July 25, 2019	$	75.0	1.5500	%

The following table provides additional details related to each of these amended swap contracts: