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Long-Term Debt, Net (Tables)
12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments Debt is summarized in the following table (in thousands):

 

 

December 31,

 

 

 

2020

 

 

2019

 

2011 Senior Notes

 

$

150,000

 

 

$

150,000

 

Credit Facility

 

 

111,000

 

 

 

157,000

 

Total long-term debt

 

 

261,000

 

 

 

307,000

 

Less: Debt issuance costs

 

 

(1,567

)

 

 

(1,717

)

Long-term debt, net

 

$

259,433

 

 

$

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 up to and including June 30, 2021

 

 

3.00

 

September 30, 2021

 

 

2.75

 

December 31, 2021 and thereafter

 

 

2.50