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Long-Term Debt (Tables)
 9 Months Ended
Sep. 30, 2020
Debt Disclosure [Abstract]  
Schedule of Debt Instruments Senior Secured Note
Based on the then existing market conditions, we completed repurchases of our 6.75% Senior Secured Notes at amounts less than face value as follows:
 
Date
  
Principal
Repurchased
   
Cash
Paid
   
% of Face
Value
  
Bond Issue
Costs
   
Net Gain
 
   
(Dollars in thousands)
 
January 30, 2020
  $2,250   $2,194    97.50%  $34   $22 
January 27, 2020
   1,245    1,198    96.25%   20    27 
December 27, 2019
   3,090    2,874    93.00%   49    167 
November 27, 2019
   5,183    4,548    87.75%   82    553 
November 15, 2019
   3,791    3,206    84.58%   61    524 
March 28, 2019
   2,000    1,830    91.50%   36    134 
March 28, 2019
   2,300    2,125    92.38%   42    133 
February 20, 2019
   125    114    91.25%   2    9 
February 19, 2019
   350    319    91.25%   7    24 
February 12, 2019
   1,325    1,209    91.25%   25    91 
January 10, 2019
   570    526    92.25%   9    35 
December 21, 2018
   2,000    1,835    91.75%   38    127 
December 21, 2018
   1,850    1,702    92.00%   35    113 
December 21, 2018
   1,080    999    92.50%   21    60 
November 17, 2018
   1,500    1,357    90.50%   29    114 
May 4, 2018
   4,000    3,770    94.25%   86    144 
April 10, 2018
   4,000    3,850    96.25%   87    63 
April 9, 2018
   2,000    1,930    96.50%   43    27 
  
 
 
   
 
 
    
 
 
   
 
 
 
  $38,659   $35,586    $706   $2,367 
  
 
 
   
 
 
    
 
 
   
 
 
 
Long-Term Debt
Long-term debt consisted of the following:
 
   As of
December 31, 2019		   
As of

September 30, 2020
 
   
(Dollars in thousands)
 
6.75% Senior Secured Notes
  $219,836   $
216,341
 
Less unamortized debt issuance costs based on imputed interest rate of 7.08%
   (3,368)   
 
(2,761
) 
  
 
 
   
 
 
 
6.75% Senior Secured Notes net carrying value
   216,468   
 
213,580
 
  
 
 
   
 
 
 
Asset-Based Revolving Credit Facility principal outstanding
   12,426   
 
16,600
 
  
 
 
   
 
 
 
Long-term debt less unamortized debt issuance costs
  $228,894   $
230,180
 
  
 
 
   
 
 
 
Less current portion
   (12,426)   
 
(16,600
) 
  
 
 
   
 
 
 
Long-term debt less unamortized debt issuance costs, net of current portion
  $216,468   
$
213,580
 
  
 
 
   
 
 
 
Principle Repayment Requirements Under Long Term Agreements Outstanding Principal repayment requirements under all long-term debt agreements outstanding at September 30, 2020 for each of the next five years and thereafter are as follows:
   
Amount
 
For the Year Ended September 30,
  
(Dollars in thousands)
 
2021
  $16,600 
2022
   —   
2023
   —   
2024
   216,341 
2025
   —   
Thereafter
   —   
  
 
 
 
  $232,941