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Debt and Financing Arrangements (Tables)
12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Debt
 
 
December 31, 2019
 
December 31, 2018
(In thousands)
 
 
Term loan due 2024 ($291.8 and $294.8 million face value, respectively)
 
$
290,825

 
$
293,626

Other
 
25,007

 
30,449

Debt issuance costs
 
(5,013
)
 
(6,092
)
 
 
$
310,819

 
$
317,983

Less current maturities of debt
 
20,753

 
17,797

Long-term debt
 
$
290,066

 
$
300,186


Schedule of Interest Rate Swap Agreements
Below is a summary of the Company’s outstanding interest rate swap agreements designated as hedges as of
December 31, 2019:

Notional Amount (in millions)
Effective Date
Fixed Rate
Receive Rate
Expiration Date
 
 
 
 
 
$250.0
June 28, 2019
2.025%
1-month LIBOR
June 30, 2020
$200.0
June 30, 2020
2.249%
1-month LIBOR
June 30, 2021
$100.0
June 30, 2021
2.315%
1-month LIBOR
June 30, 2023

Schedule of Maturities of Long-term Debt
The contractual maturities of debt as of December 31, 2019 are as follows:
Year
 
(In thousands)
2020
 
$
21,863

2021
 
8,853

2022
 
3,130

2023
 
3,161

2024
 
279,750

Thereafter
 

 
 
$
316,757