DERIVATIVE INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Interest Rate Swap, Which Hedges Long-term Debt Obligation, Notional Amount Decrease

As of December 31, 2018, the Company’s interest rate swap agreement, which hedges certain long-term debt obligations, has an initial notional amount of $300.0 million, which decreases over time by $50 million increments as follows:

Period	Notional amount outstanding
Through December 2019	$300 million
January 2020 - December 2020	$250 million
January 2021 - December 2021	$200 million
January 2022 - December 2022	$150 million
January 2023	$100 million

Location and Fair Value of Interest Rate Swap

The following table illustrates the location and fair value of the Company’s interest rate swap at December 31, 2018 and December 31, 2017 (in thousands):

	Derivatives
	December 31, 2018		December 31, 2017
	Balance Sheet Location	Fair Value	Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments:
Interest rate swap	Other current liabilities	$255	n/a	$0
Interest rate swap	Other noncurrent liabilities	1,434	n/a	—
Total derivatives designated as hedging instruments		$1,689		$0