Debt (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of future amortization of debt issuance costs

The following table presents future amortization expense of debt issuance costs:


(in thousands)						December 31, 2020
2021						4,031
2022						4,031
2023						3,362
2024						3,027
2025						865
Thereafter						1,717
Total						17,033

Schedule of amounts incurred and charged to interest expenses

The following table presents amounts that have been incurred and charged to interest expense:


	Years ended December 31,
(in thousands)	2020		2019		2018
Cash payments for interest	$	80,420	$	59,021	$	54,969
Amortization of debt issuance costs and other adjustments	3,708		3,111		3,655

Change in accrued interest	23,900		220		268
Interest costs incurred	108,028		62,352		58,892
Less capitalized interest	(3,019)		(805)		(988)
Total interest expense	$	105,009	$	61,547	$	57,904

Schedule of net presentation of the Company's long-term debt and debt issuance cost

The following table presents the Company's long-term debt and debt issuance costs, net included in "Long-term debt, net" on the consolidated balance sheets as of the dates presented:


	December 31, 2020						December 31, 2019
(in thousands)	Long-term debt		Debt issuance costs, net		Long-term debt, net		Long-term debt		Debt issuance costs, net		Long-term debt, net
January 2022 Notes	$	—	$	—	$	—	$	450,000	$	(2,034)	$	447,966
March 2023 Notes	—		—		—		350,000		(2,549)		347,451
January 2025 Notes	577,913		(8,676)		569,237		—		—		—
January 2028 Notes	361,044		(6,015)		355,029		—		—		—
Senior Secured Credit Facility(1)	255,000		—		255,000		375,000		—		375,000
Total	$	1,193,957	$	(14,691)	$	1,179,266	$	1,175,000	$	(4,583)	$	1,170,417

_____________________________________________________________________________

(1)Debt issuance costs, net related to the Senior Secured Credit Facility of $2.3 million and $4.5 million as of December 31, 2020 and 2019, respectively, are included in "Other noncurrent assets, net" on the consolidated balance sheets.

Schedule of Debt Issuance Costs Capitalized and Write-Offs

The following table presents debt issuance costs capitalized and debt issuance costs write-offs for the periods presented:


	Years ended December 31,
(in thousands)	2020		2019		2018
Debt issuance costs capitalized(1)	$	18,479	$	—	$	2,469
Debt issuance costs write-offs(2)	$	6,163	$	935	$	—

______________________________________________________________________________

(1)The Company capitalized $0.1 million and $2.5 million in debt issuance costs during the years ended December 31, 2020 and 2018, respectively, in connection with entering into amendments to the Senior Secured Credit Facility pursuant to the semi-annual redeterminations. The Company capitalized $18.4 million in debt issuance costs during the year ended December 31, 2020 in connection with the issuance of the January 2025 Notes and January 2028 Notes.

(2)The Company wrote off $1.1 million and $0.9 million of debt issuance costs during the years ended December 31, 2020 and 2019, respectively, which are the "Write-off of debt issuance costs" on the consolidated statements of operations, in connection with reductions in borrowing base and aggregate elected commitment under the Senior Secured Credit Facility pursuant to the semi-annual redeterminations. The Company wrote off $5.1 million in debt issuance costs during the year ended December 31, 2020, which are included in "Gain on extinguishment of debt, net" on the consolidated statement of operations, in connection with the extinguishment of the January 2022 Notes and March 2023 Notes and portions of the January 2025 Notes and January 2028 Notes.