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Bank Debt (Tables)
12 Months Ended
Dec. 31, 2019
Bank Debt [Abstract]  
Amended Credit Facility Maximum Leverage Ratio

 

 

 

Fiscal Periods Ending

    

Ratio

December 31, 2019 through September 30, 2020

 

3.00 to 1.00

December 31, 2020 through September 30, 2021

 

2.75 to 1.00

December 31, 2021 and each fiscal quarter thereafter

 

2.50 to 1.00

 

Schedule of Debt

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

 

 

 

 

 

 

 

 

 

December 31,

 

    

2019

    

2018

Current bank debt

 

$

34,912

 

$

27,563

Less unamortized debt issuance cost

 

 

(1,868)

 

 

(2,171)

Net current portion

 

$

33,044

 

$

25,392

 

 

 

 

 

 

 

Long-term bank debt

 

$

145,238

 

$

160,900

Less unamortized debt issuance cost

 

 

(4,644)

 

 

(5,245)

Net long-term portion

 

$

140,594

 

$

155,655

 

 

 

 

 

 

 

Total bank debt

 

$

180,150

 

$

188,463

Less total unamortized debt issuance cost

 

 

(6,512)

 

 

(7,416)

Net bank debt

 

$

173,638

 

$

181,047

 

Schedule of Future Maturities

 

 

 

 

Future Maturities (in thousands):

    

    

 

2020

 

$

34,912

2021

 

 

36,750

2022

 

 

25,725

2023

 

 

82,763

Total

 

$

180,150