XML 78 R57.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
LONG-TERM DEBT (Details)
$ in Thousands
1 Months Ended 3 Months Ended 12 Months Ended
Jul. 03, 2017
USD ($)
Jun. 08, 2015
USD ($)
Oct. 31, 2016
USD ($)
Sep. 30, 2014
USD ($)
Mar. 31, 2020
Dec. 31, 2019
USD ($)
Sep. 30, 2019
USD ($)
Jun. 30, 2019
USD ($)
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Debt                      
Total long-term debt           $ 2,262,111     $ 2,262,111    
Total long-term debt           2,262,111     2,262,111 $ 2,315,077  
Less: current portion of long-term debt           (18,350)     (18,350) (18,350)  
Less: deferred debt issuance costs           (8,152)     (8,152) (11,386)  
Total long-term debt           2,235,609     2,235,609 2,285,341  
Unamortized discount           $ 7,602     $ 7,602    
Leverage ratio     3.00     4.38     4.38    
Deferred debt issuance costs           $ 8,152     $ 8,152 11,386  
Dividend declared                 $ 27,865 110,383 $ 101,951
Interest coverage ratio           3.69     3.69    
Repayments of senior notes                 $ 49,804    
Gain (loss) on extinguishment of debt                 $ 4,510    
Minimum                      
Debt                      
Interest coverage ratio           2.25     2.25    
Maximum                      
Debt                      
Leverage ratio for an event of default           5.25     5.25    
Senior Notes 6.50 Percent Due 2022                      
Debt                      
Total long-term debt           $ 443,002     $ 443,002 497,009  
Unamortized discount           $ 1,998     $ 1,998 $ 2,991  
Aggregate principal amount   $ 300,000   $ 200,000              
Interest rate (as a percent)   6.50%   6.50%   6.50%     6.50% 6.50%  
Issue price as a percentage of par   98.26%                  
Yield to maturity (as a percent)   6.80%                  
Gross proceeds   $ 294,800   $ 200,000              
Repurchase amount of the aggregate principal           $ 55,000     $ 55,000    
Senior Secured Credit Facility | Weighted average                      
Debt                      
Weighted average interest rate (as a percent)                 4.80% 5.54%  
Term Loan                      
Debt                      
Total long-term debt           1,779,109     $ 1,779,109 $ 1,796,068  
Unamortized discount     $ 2,300     $ 5,604     5,604 6,994  
Aggregate principal amount     $ 900,000                
Quarterly principal payments required                 $ 2,250    
Issue discount (as a percentage)     0.25%                
Term Loan | LIBOR                      
Debt                      
Interest rate (as a percent)           3.00%     3.00%    
Term Loan | LIBOR | Minimum                      
Debt                      
Margin (as a percent)                 1.00%    
Senior secured credit facility - revolving loan                      
Debt                      
Total long-term debt           $ 40,000     $ 40,000 22,000  
Maximum borrowing capacity of credit facility     $ 110,000                
Amounts outstanding           40,000     40,000 22,000  
Stand-by letter of credit outstanding           17,100     17,100    
Available borrowing capacity           52,900     52,900    
Senior secured credit facility - revolving loan | LIBOR                      
Debt                      
Amounts outstanding           30,000     $ 30,000 10,000  
Senior secured credit facility - revolving loan | LIBOR | Minimum                      
Debt                      
Margin (as a percent)                 2.50%    
Senior secured credit facility - revolving loan | LIBOR | Maximum                      
Debt                      
Margin (as a percent)                 3.25%    
Senior secured credit facility - revolving loan | LIBOR | Weighted average | Forecast                      
Debt                      
Margin (as a percent)         3.00%            
Senior secured credit facility - revolving loan | Alternate base rate                      
Debt                      
Amounts outstanding           10,000     $ 10,000 $ 12,000  
Senior secured credit facility - revolving loan | Alternate base rate | Minimum                      
Debt                      
Margin (as a percent)                 1.50%    
Senior secured credit facility - revolving loan | Alternate base rate | Maximum                      
Debt                      
Margin (as a percent)                 2.25%    
Senior secured credit facility - revolving loan | Alternate base rate | Weighted average | Forecast                      
Debt                      
Margin (as a percent)         2.00%            
Senior Notes                      
Debt                      
Gain (loss) on extinguishment of debt           $ 3,100 $ 1,100 $ 300      
Incremental Term Loan Facility                      
Debt                      
Aggregate principal amount $ 935,000                    
Quarterly principal payments required $ 2,340                    
Issue discount (as a percentage) 0.50%                    
Incremental Term Loan Facility | Maximum                      
Debt                      
Additional borrowing capacity     $ 300,000