Long-Term Debt and Interest Expense (Tables)

6 Months Ended

Jun. 30, 2020

Debt Disclosure [Abstract]

Long-Term Debt

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

	June 30, 2020		December 31, 2019
10.75% Senior Notes due 2023	$	300,000	$	300,000
ABL Facility	2,558		—
Senior Secured Promissory Note	15,000		—
Finance leases and other notes	25,966		35,898
Unamortized discounts and deferred financing costs	(25,513)		(8,795)
Total long-term debt	318,011		327,103
Less current portion	17,606		18,738
Total non-current portion of long-term debt	$	300,405	$	308,365

Debt Discounts and Issuance Costs

The following discounts and issuance costs on debt represent the unamortized discount to fair value of the Senior Notes, the Senior Secured Promissory Note, and the unamortized debt issuance costs on Senior Notes (in thousands). For discussion of the change in unamortized discount on Senior Notes, see discussion below.

	June 30, 2020		December 31, 2019
Unamortized discount on Senior Notes	$	12,591	$	2,156
Unamortized discount on Senior Secured Promissory Note	7,177		—
Unamortized deferred debt issuance costs	5,745		6,639
Total unamortized discounts and deferred financing costs	$	25,513	$	8,795

Interest Expense

The Company’s interest expense for the three and six months ended June 30, 2020 and 2019, consisted of the following (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Cash payments for interest	$	17,443	$	18,818	$	18,671	$	20,428
Change in accrued interest	(8,024)		(9,334)		196		(1,186)
Amortization of discounts	1,660		263		2,181		525
Amortization of deferred debt costs	1,664		591		2,251		1,155
Commitment and other fees paid	11		13		22		24
Other	21		7		72		26
Interest expense - continuing operations	$	12,775	$	10,358	$	23,393	$	20,972