Long-Term Debt and Interest Expense (Tables)

3 Months Ended

Mar. 31, 2019

Debt Disclosure [Abstract]

Long-Term Debt

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

	March 31, 2019		December 31, 2018
10.75% Senior Notes due 2023	$	300,000	$	300,000
Finance leases and other notes	55,630		60,909
Unamortized discounts and deferred financing costs	(10,807)		(11,169)
Total long-term debt	344,823		349,740
Less current portion	22,465		27,039
Total non-current portion of long-term debt	$	322,358	$	322,701

Unamortized Discounts on Debt

The following discounts on debt represent the unamortized discount to fair value of the Senior Notes and the short-term portions of the fair value discount of finance leases (in thousands):

	March 31, 2019		December 31, 2018
Unamortized discount on Senior Notes	$	2,589	$	2,731
Unamortized discount on finance leases - short-term	359		479
Unamortized deferred debt issuance costs	7,859		7,959
Total unamortized discounts and deferred financing costs	$	10,807	$	11,169

Interest Expense

Basic’s interest expense for the three months ended March 31, 2019 and 2018, consisted of the following (in thousands):

	Three Months Ended March 31,
	2019		2018
Cash payments for interest	$	1,752	$	8,578
Change in accrued interest	8,148		221
Amortization of discounts	262		1,474
Amortization of deferred debt costs	564		177
Commitment and other fees paid	11		809
Other	19		24
Total interest expense	$	10,756	$	11,283