LONG-TERM DEBT

The components of the Company's long-term debt consisted of the following (in thousands):



	September 30, 2019						December 31, 2018
	Carrying Value ⁽¹⁾			Fair Value			Carrying Value ⁽¹⁾			Fair Value
ABL Revolver	$	—		$	—		$	—		$	—
Term Loan B	245,000			246,225			246,875			245,949
Promissory note payable ⁽²⁾	—			—			1,841			1,841
Total long-term debt	245,000			246,225			248,716			247,790
Less: current portion	(2,500		)	(2,513		)	(3,407		)	(3,398		)
Long-term debt less current maturities	$	242,500		$	243,712		$	245,309		$	244,392

⁽¹⁾ Carrying value amounts do not include unamortized debt issuance costs of $6.9 million and $8.3 million for September 30, 2019 and December 31, 2018, respectively.

⁽²⁾ Note payable in monthly installments at 2.9% through January 2021, collateralized by equipment. In August 2019, the Company made a cash payment of $1.3 million to repay the outstanding promissory note payable.

The fair value measurements used by the Company are considered Level 2 inputs, as defined in the fair value hierarchy. The fair value estimates were based on quoted prices for identical or similar securities.

The Company was in compliance with all financial covenants under the ABL Revolver and Term Loan B Agreements as of September 30, 2019.