Bank Debt (Tables)

3 Months Ended

Mar. 31, 2019

Bank debt, less debt issuance costs, is presented below (in thousands):



		2019		2018
Current bank debt	$	29,400	$	27,563
Less unamortized debt issuance cost		(2,170)		(2,171)
Net current portion	$	27,230	$	25,392

Long-term bank debt	$	139,050	$	160,900
Less unamortized debt issuance cost		(4,702)		(5,245)
Net long-term portion	$	134,348	$	155,655

Total bank debt	$	168,450	$	188,463
Less total unamortized debt issuance cost		(6,872)		(7,416)
Net bank debt	$	161,578	$	181,047

Amended Credit Facility Maximum Leverage Ratio

The credit facility includes a Maximum Leverage Ratio (consolidated funded debt / trailing twelve months adjusted EBITDA), calculated as of the end of each fiscal quarter for the trailing twelve months, not to exceed the amounts below:


Fiscal Periods Ending		Ratio
March 31, 2019		3.75 to 1.00
June 30, 2019 and September 30, 2019		3.50 to 1.00
December 31, 2019 through September 30, 2020		3.25 to 1.00
December 31, 2020 through September 30, 2021		3.00 to 1.00
December 31, 2021 and each fiscal quarter thereafter		2.75 to 1.00