Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Long-term Debt

(in thousands)	December 31, 2019		December 31, 2018
Term loan A-1	258,571		287,699
Term loan A-2	473,469		497,537
	732,040		785,236
Less: unamortized loan fees	11,926		14,994
Total debt, net of unamortized loan fees	$	720,114	$	770,242

Financial Covenants in Credit Agreements

As shown below, as of December 31, 2019, the Company was in compliance with the financial covenants in its credit agreements.

 

	Actual		Covenant Requirement
Total leverage ratio	2.4		3.5 or Lower
Debt service coverage ratio	5.8		2.0 or Higher
Minimum liquidity balance (in millions)	$	176.4	$25.0 or Higher

Maturities of Long-term Debt

	Amount
(in thousands)
2020	$	34,122
2021	34,122
2022	37,764
2023	172,515
2024	4,988
2025	448,529
Total	$	732,040