Revolving Credit Facility and Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Principal balances outstanding under our long-term debt obligations as of December 31, 2019 and 2018, consisted of the following (in thousands):

	2019		2018
Term loans	$	148,125	$	72,500
Revolving credit loans		291,875		316,000
Collateralized debt facility (paid in full)		—		7,000
Less unamortized debt issuance costs		(516)		(348)
Total long-term debt		439,484		395,152
Less current portion		7,500		22,000
Long-term portion	$	431,984	$	373,152

Schedule of Long-term Debt Covenants

	Covenant Requirement
Consolidated Total Leverage Ratio (1)		4.0 to 1.0
Consolidated Interest Coverage Ratio (2)		3.0 to 1.0
Facility Capital Expenditures (3)		$50 million

(1) Maximum Consolidated Total Net Leverage Ratio (as defined in the Third Amended Credit Agreement) as of any fiscal quarter end.

(2) Minimum ratio of Consolidated EBITDA (as defined in the Third Amended Credit Agreement and adjusted for certain expenditures) to Consolidated interest expense (as defined in the Third Amended Credit Agreement) for any period of four consecutive fiscal quarters.

(3) Maximum level of the aggregate amount of all Facility Capital Expenditures (as defined in the Third Amended Credit Agreement) in any fiscal year.

Schedule of Maturities of Long-term Debt

Future minimum principal payments on our long-term debt as of December 31, 2019, are as follows (in thousands):

Years Ending	Future Minimum
December 31,	Principal Payments
2020	$	7,500
2021		7,500
2022		8,438
2023		11,250
2024		405,312
Total future minimum principal payments	$	440,000