Long-Term Debt and Interest Expense (Tables)

6 Months Ended

Jun. 30, 2019

Debt Disclosure [Abstract]

Long-Term Debt

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

	June 30, 2019		December 31, 2018
10.75% Senior Notes due 2023	$	300,000	$	300,000
Finance leases and other notes	51,163		60,909
Unamortized discounts and deferred financing costs	(10,212)		(11,169)
Total long-term debt	340,951		349,740
Less current portion	24,145		27,039
Total non-current portion of long-term debt	$	316,806	$	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):

	June 30, 2019		December 31, 2018
Unamortized discount on Senior Notes	$	2,446	$	2,731
Unamortized discount on finance leases - short-term	239		479
Unamortized deferred debt issuance costs	7,527		7,959
Total unamortized discounts and deferred financing costs	$	10,212	$	11,169

Interest Expense

Basic’s interest expense for the three and six months ended June 30, 2019 and 2018, consisted of the following (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
Cash payments for interest	$	18,978	$	7,564	$	20,730	$	16,142
Change in accrued interest	(9,334)		2,769		(1,186)		2,990
Amortization of discounts	263		1,268		525		2,742
Amortization of deferred debt costs	591		195		1,155		372
Commitment and other fees paid	13		994		24		1,803
Other	7		16		26		40
Total interest expense	$	10,518	$	12,806	$	21,274	$	24,089