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Debt (Tables)
6 Months Ended
Jun. 30, 2019
Debt Disclosure [Abstract]  
Long-Term Debt

Our long-term debt, as of June 30, 2019 and December 31, 2018, was as follows (in thousands):

 

 

 

June 30,

 

 

December 31,

 

 

 

2019

 

 

2018

 

2018 Credit Agreement:

 

 

 

 

 

 

 

 

Term loan, due March 2023, interest at adjusted LIBOR plus 1.5% (combined rate of 3.83% at June 30, 2019 and 4.30% at December 31, 2018)

 

$

140,625

 

 

$

144,375

 

Less – deferred financing costs

 

 

(1,997

)

 

 

(2,281

)

2018 term loan, net of unamortized discounts

 

 

138,628

 

 

 

142,094

 

$200 million revolving loan facility, due March 2023, interest at adjusted LIBOR plus applicable margin

 

 

 

 

Convertible Notes:

 

 

 

 

 

 

 

 

2016 Convertible Notes – Senior convertible notes; due March 15, 2036; cash interest at 4.25%

 

 

230,000

 

 

 

230,000

 

Less – unamortized original issue discount

 

 

(7,434

)

 

 

(8,823

)

Less – deferred financing costs

 

 

(2,896

)

 

 

(3,445

)

2016 Convertible Notes, net of unamortized discounts

 

 

219,670

 

 

 

217,732

 

Total debt, net of unamortized discounts

 

 

358,298

 

 

 

359,826

 

Current portion of long-term debt, net of unamortized discounts

 

 

(8,438

)

 

 

(7,500

)

Long-term debt, net of unamortized discounts

 

$

349,860

 

 

$

352,326