Long-Term Debt and Interest Expense (Tables)

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Long-Term Debt

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

	September 30, 2020		December 31, 2019
10.75% Senior Notes due 2023	$	300,000	$	300,000
Senior Secured Promissory Note	15,000		—
Finance leases and other notes	20,071		35,898
Unamortized discounts and deferred financing costs	(23,412)		(8,795)
Total long-term debt	311,659		327,103
Less current portion	7,609		18,738
Total non-current portion of long-term debt	$	304,050	$	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.

	September 30, 2020		December 31, 2019
Unamortized discount on Senior Notes	$	11,616	$	2,156
Unamortized discount on Senior Secured Promissory Note	6,496		—
Unamortized deferred debt issuance costs	5,300		6,639
Total unamortized discounts and deferred financing costs	$	23,412	$	8,795

Interest Expense

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Cash payments for interest	$	1,187	$	1,435	$	19,858	$	21,863
Change in accrued interest	8,250		9,236		8,446		8,050
Amortization of discounts	1,656		265		3,837		789
Amortization of deferred debt costs	543		590		2,794		1,745
Commitment and other fees paid	5		12		27		36
Other	42		46		115		73
Interest expense - continuing operations	$	11,683	$	11,584	$	35,077	$	32,556