Long-Term Debt and Interest Expense (Tables)

3 Months Ended

Mar. 31, 2018

Debt Disclosure [Abstract]

Long-Term Debt

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

	March 31, 2018			December 31, 2017
Credit facilities:
Term Loan	$	162,113		$	162,525
New ABL Facility	85,000			64,000
Capital leases and other notes	90,691			100,615
Unamortized discounts, premiums, and deferred debt costs	(10,415		)	(11,901		)
Total principal amount of debt instruments, net	327,389			315,239
Less current portion	54,731			55,997
Long-term debt	$	272,658		$	259,242

Unamortized Discounts on Debt

The following discounts on debt represent the unamortized discount to fair value of our Amended and Restated Term Loan Credit Agreement (the "Term Loan Agreement") and the short-term and long-term portions of the fair value discount of capital leases (in thousands):

	March 31, 2018		December 31, 2017
Unamortized discount on Term Loan	$	8,609	$	9,187
Unamortized discount on Capital Leases - short-term	1,652		1,657
Unamortized discount on Capital Leases - long-term	—		891
Unamortized deferred debt costs	154		166
	$	10,415	$	11,901

Interest Expense

Basic’s interest expense consisted of the following (in thousands):

	Three Months Ended March 31,
	2018		2017
Cash payments for interest	$	8,578	$	1,268
Commitment and other fees paid	809		17
Amortization of debt issuance costs and discounts	1,651		1,560
Change in accrued interest	221		6,242
Other	24		22
	$	11,283	$	9,109