DEBT (Tables)

12 Months Ended

Dec. 31, 2019

Components of Long-Term Debt and Capital Leases

A summary of debt is as follows:


	December 31,
	2019		2018
Senior Secured Credit Facility:
Revolving Credit Facility due May 2023 ("Revolving Credit Facility"); bearing interest at LIBOR plus 1.75%	$	26,900	$	69,600
Term Loan A Facility due May 2023 (Term Loan Facility"); bearing interest at LIBOR plus 1.75%	350,000		350,000
Tax-Exempt Bonds:
New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds Series 2014 ("New York Bonds 2014") due December 2044 - fixed rate interest period through 2029; bearing interest at 2.875%	25,000		25,000
New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds Series 2014R-2 ("New York Bonds 2014R-2") due December 2044 - fixed rate interest period through 2026; bearing interest at 3.125%	15,000		15,000
Finance Authority of Maine Solid Waste Disposal Revenue Bonds Series 2005R-3 ("FAME Bonds 2005R-3") due January 2025 - fixed rate interest period through 2025; bearing interest at 5.25%	25,000		25,000
Finance Authority of Maine Solid Waste Disposal Revenue Bonds Series 2015R-1 ("FAME Bonds 2015R-1") due August 2035 - fixed rate interest period through 2025; bearing interest at 5.125%	15,000		15,000
Finance Authority of Maine Solid Waste Disposal Revenue Bonds Series 2015R-2 ("FAME Bonds 2015R-2") due August 2035 - fixed rate interest period through 2025; bearing interest at 4.375%	15,000		15,000
Vermont Economic Development Authority Solid Waste Disposal Long-Term Revenue Bonds Series 2013 ("Vermont Bonds") due April 2036 - fixed rate interest period through 2028; bearing interest at 4.625%	16,000		16,000
Business Finance Authority of the State of New Hampshire Solid Waste Disposal Revenue Bonds Series 2013 ("New Hampshire Bonds") due April 2029 - fixed rate interest period through 2029; bearing interest at 2.95%	11,000		11,000
Other:
Finance leases maturing through December 2107; bearing interest at a weighted average of 5.0%	18,364		11,248
Notes payable maturing through June 2027; bearing interest at a weighted average of 3.5%	5,464		2,401
Principal amount of debt	522,728		555,249
Less—unamortized discount and debt issuance costs (1)	9,406		10,950
Debt less unamortized discount and debt issuance costs	513,322		544,299
Less—current maturities of debt	4,301		2,298
	$	509,021	$	542,001

(1)A summary of unamortized discount and debt issuance costs by debt instrument follows:


	December 31,
	2019		2018
Revolving Credit Facility and Term Loan Facility (collectively, the "Credit Facility")	$	5,478	$	7,118
New York Bonds 2014	1,057		847
New York Bonds 2014R-2	390		450
FAME Bonds 2005R-3	432		517
FAME Bonds 2015R-1	552		622
FAME Bonds 2015R-2	417		493
Vermont Bonds	541		595
New Hampshire Bonds	539		308
	$	9,406	$	10,950

Components of Interest Expense

The components of interest expense are as follows:


	Fiscal Year Ended December 31,
	2019		2018		2017
Interest expense on long-term debt and finance leases	$	22,553	$	23,431	$	22,060
Amortization of debt issuance costs and discount on long-term debt	2,293		2,449		2,692
Letter of credit fees	519		554		703
Less: capitalized interest	(263)		(140)		(295)
Total interest expense	$	25,102	$	26,294	$	25,160

Schedule of Cash Flow Hedges Related to Derivative Instruments

A summary of the effect of cash flow hedges related to derivative instruments on the consolidated balance sheet follows:


		Fair Value
	Balance Sheet Location	December 31, 2019		December 31, 2018
Interest rate swaps	Other current assets	$	—	$	338
Interest rate swaps	Other non-current assets	—		482
Total		$	—	$	820

Interest rate swaps	Other accrued liabilities	$	1,824	$	387
Interest rate swaps	Other long-term liabilities	3,603		1,555
Total		$	5,427	$	1,942

Interest rate swaps	Accumulated other comprehensive loss, net	$	(5,929)	$	(1,196)
Interest rate swaps - tax provision	Accumulated other comprehensive loss, net	(112)		(112)
		$	(6,041)	$	(1,308)

Schedule of Gain (Loss) On Cash Flow Hedges

A summary of the amount of gain or (loss) on cash flow hedging relationships related to interest rate swaps reclassified from accumulated other comprehensive loss, net into earnings follows:


	Fiscal Year Ended December 31,
	2019		2018		2017
Statement of Operations Location	(Expense) Income
Interest expense	$	(553)	$	(363)	$	(421)

Schedule of Future Maturities of Debt

Aggregate principal maturities of debt are as follows:



Estimated Future Payments as of December 31, 2019
Fiscal year ending December 31, 2020	$	4,300
Fiscal year ending December 31, 2021	3,593
Fiscal year ending December 31, 2022	5,358
Fiscal year ending December 31, 2023	379,945
Fiscal year ending December 31, 2024	2,893
Thereafter	126,639
	$	522,728