XML 76 R57.htm IDEA: XBRL DOCUMENT v3.19.1
Debt (Details)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Jan. 22, 2019
USD ($)
Debt instruments [Line Items]      
Capital lease obligations $ 0 [1] $ 1,864  
Long-term debt, principal amount 946,000 911,864  
Current portion of long-term debt 0 791  
Long-term debt 946,000 911,073  
Long-term debt due within one year 0 791  
Total debt 946,000 911,864  
Revolving credit facility, current commitment 1,150,000 950,000  
Line of credit facility increase in current capacity     $ 200,000
Revolving credit facility, maximum commitment 1,425,000    
Revolving credit facility [Member]      
Debt instruments [Line Items]      
Debt, principal amount 946,000 $ 910,000  
Revolving credit facility, current commitment $ 1,150,000    
Ratio of total debt less unrestricted cash to EBITDA 2.75    
Weighted-average interest rate at period end 3.78% 3.79%  
Maximum leverage ratio 3.5    
Minimum ratio of EBIT to interest expense 3.0    
Daily average amount outstanding $ 936,583 $ 731,110  
Weighted-average interest rate 3.76% 3.24%  
Outstanding letters of credit [2] $ (5,868)    
Net available for borrowing as of March 31, 2019 $ 198,132    
Revolving credit facility [Member] | Minimum [Member]      
Debt instruments [Line Items]      
Revolving credit facility, commitment fee 0.175%    
Revolving credit facility [Member] | Maximum [Member]      
Debt instruments [Line Items]      
Revolving credit facility, commitment fee 0.35%    
Capital lease obligations [Member]      
Debt instruments [Line Items]      
Current portion of long-term debt $ 0 [1] $ 791  
Term loan facility [Member]      
Debt instruments [Line Items]      
Daily average amount outstanding [3] $ 0 $ 63,638  
Weighted-average interest rate [3] 0.00% 2.97%  
[1] Upon adoption of ASU No. 2016-02, Leasing, on January 1, 2019 (Note 2), we reclassified our capital lease obligations, now known as finance lease obligations, to accrued liabilities and other non-current liabilities on the consolidated balance sheet.
[2] We use standby letters of credit to collateralize certain obligations related primarily to our self-insured workers’ compensation claims, as well as claims for environmental matters, as required by certain states. These letters of credit reduce the amount available for borrowing under our revolving credit facility.
[3] During 2018, we had borrowings outstanding under a variable rate term loan facility. These amounts were repaid in March 2018.