Long-Term Debt and Interest Expense (Tables)

9 Months Ended

Sep. 30, 2019

Debt Disclosure [Abstract]

Long-Term Debt

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

	September 30, 2019		December 31, 2018
10.75% Senior Notes due 2023	$	300,000	$	300,000
Finance leases and other notes	45,643		60,909
Unamortized discounts and deferred financing costs	(9,505)		(11,169)
Total long-term debt	336,138		349,740
Less current portion	22,627		27,039
Total non-current portion of long-term debt	$	313,511	$	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):

	September 30, 2019		December 31, 2018
Unamortized discount on Senior Notes	$	2,301	$	2,731
Unamortized discount on finance leases - short-term	120		479
Unamortized deferred debt issuance costs	7,084		7,959
Total unamortized discounts and deferred financing costs	$	9,505	$	11,169

Interest Expense

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Cash payments for interest	$	1,580	$	8,266	$	22,310	$	24,408
Change in accrued interest	9,236		56		8,050		3,046
Amortization of discounts	265		967		789		3,709
Amortization of deferred debt costs	590		214		1,745		586
Commitment and other fees paid	12		1,338		36		3,141
Other	46		55		73		95
Total interest expense	$	11,729	$	10,896	$	33,003	$	34,985