Long-Term Debt, Net (Tables)

3 Months Ended

Mar. 31, 2021

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

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

	March 31, 2021			December 31, 2020
2011 Senior Notes	$	150,000		$	150,000
2021 Senior Notes		60,000			—
Credit Facility		—			111,000
Total debt		210,000			261,000
Less: Debt issuance costs		(1,834	)		(1,567	)
Long-term debt, net	$	208,166		$	259,433

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