Bank Debt (Tables)

3 Months Ended

Mar. 31, 2020

Bank Debt [Abstract]

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, 2020 and June 30, 2020	4.00 to 1.00
September 30, 2020 and December 31, 2020	3.50 to 1.00
March 31, 2021 and June 30, 2021	3.25 to 1.00
September 30, 2021 and December 31, 2021	3.00 to 1.00
March 31, 2022 and each fiscal quarter thereafter	2.50 to 1.00

Schedule of Debt

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

	March 31,		December 31,
	2020		2019
Current bank debt	$	36,750	$	34,912
Less unamortized debt issuance cost		(1,868)		(1,868)
Net current portion	$	34,882	$	33,044
Long-term bank debt	$	131,300	$	145,238
Less unamortized debt issuance cost		(4,177)		(4,644)
Net long-term portion	$	127,123	$	140,594
Total bank debt	$	168,050	$	180,150
Less total unamortized debt issuance cost		(6,045)		(6,512)
Net bank debt	$	162,005	$	173,638