LONG-TERM DEBT (Tables)

3 Months Ended

Mar. 31, 2018

LONG-TERM DEBT [Abstract]

Long-term Debt

Long-term debt consisted of the following (in thousands):

	March 31, 2018			December 31, 2017
ABL Revolver	$	-		$	-
Term Loan B		248,750			249,375
Promissory note payable in monthly installments at 2.9% through   January 2021, collateralized by equipment		2,504			2,722
Less unamortized debt issuance costs		(9,650	)		(10,073	)
Total long-term debt		241,604			242,024
Less: Current portion		(3,387	)		(3,381	)
Long-term debt less current maturities	$	238,217		$	238,643

Computation of Secured Leverage Ratio to EBITDA

The Term Loan requires that the company's Secured Leverage Ratio, defined as the ratio, as of the last day of any fiscal quarter of consolidated secured debt (net of restricted cash, not to exceed $30 million) as of such day to EBITDA, beginning with the fiscal quarter ending December 31, 2017, be either equal to or less than the ratio indicated in the table below:

Fiscal Quarter	Secured Leverage Ratio
December 31, 2017	5.75:1.00
March 31, 2018	5.75:1.00
June 30, 2018	5.50:1.00
September 30, 2018	5.50:1.00
December 31, 2018	5.25:1.00
March 31, 2019	5.25:1.00
June 30, 2019	5.00:1.00
September 30, 2019	5.00:1.00
December 31, 2019	4.75:1.00
March 31, 2020	4.75:1.00
June 30, 2020 and each Fiscal Quarter thereafter	4.50:1.00