Debt (Tables)

12 Months Ended

Dec. 31, 2018

The table below presents the components of our debt (in thousands):



	December 31,
	2018		2017
Variable rate debt
Short-term borrowings	$	—	$	1,937
Current portion of long-term debt:
Australian credit facility	9,168		8,898
Short-term borrowings and current portion of long-term debt	$	9,168	$	10,835

Long-term portion:
Revolving credit facility	550,131		410,439
Receivables securitization facility	108,500		100,000
Less: financing costs, net	1,038		1,624
Long-term debt, net	$	657,593	$	508,815
Total debt	$	666,761	$	519,650

Changes in deferred financing costs

The table below summarizes changes in deferred financing costs for the past two years (in thousands):



	December 31,
	2018			2017
Deferred financing costs:
Balance at beginning of year	$	4,606		$	4,883
Financing costs deferred	106			1,104
Write-off of fully amortized deferred financing costs	—			(1,381		)
Balance at end of year	4,712			4,606
Less: Accumulated amortization	(3,674		)	(2,982		)
Deferred financing costs, net of accumulated amortization	$	1,038		$	1,624

Interest Rate Swap [Member]

Derivative [Line Items]

Schedule of interest rate swaps

The following table provides additional details related to each of these amended swap contracts:



Derivative	Amendment Date	Notional Amount (in millions)		Fixed Interest Rate
Interest rate swap 6	October 1, 2015	$	75.0	2.273	%
Interest rate swap 7	October 1, 2015	25.0		2.111	%
Interest rate swap 8	October 1, 2015	50.0		2.111	%

Forward-starting Interest Rate Swap Agreements [Member]

Derivative [Line Items]

Schedule of interest rate swaps

The following table provides additional details related to this swap contract:



Derivative	Inception Date	Notional Amount (in millions)		Fixed Interest Rate
Forward-starting interest rate swap	July 6, 2016	$	150.0	1.1425	%

Terminated Interest Rate Swaps [Member]

Derivative [Line Items]

Schedule of interest rate swaps

For these interest rate swaps, we recognized no gains or losses through income, nor was there any effect on income from hedge ineffectiveness over the term of these swap contracts. The following table provides additional details related to each of these swap contracts:



Derivative	Effective Date	Notional Amount (in millions)		Fixed Interest Rate
Interest rate swap 1	November 21, 2011	$	25.0	1.185	%
Interest rate swap 2	November 21, 2011	25.0		1.185	%
Interest rate swap 3	December 21, 2011	50.0		1.100	%
Interest rate swap 4	January 17, 2012	25.0		1.050	%
Interest rate swap 5	January 19, 2012	25.0		0.990	%