Long-Term Debt, Net (Tables)

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Long-term debt is as follows (in thousands):  

	September 30, 2020			December 31, 2019
Senior Notes	$	150,000		$	150,000
Credit Facility		116,000			157,000
Total debt		266,000			307,000
Less: Debt issuance costs		(1,434	)		(1,717	)
Less: Current maturities of long-term debt		(75,000	)		—
Long-term debt, net	$	189,566		$	305,283

Schedule of Maximum Leverage Ratios

Pursuant to the terms of the Amendment, the maximum leverage ratio permitted under the Credit Facility is as follows:

Quarter ending	Maximum leverage ratio permitted
June 30, 2020		3.00
September 30, 2020		3.00
December 31, 2020		3.00
March 31, 2021		3.00
June 30, 2021		3.00
September 30, 2021		2.75
December 31, 2021 and thereafter		2.50