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Debt | 6 Months Ended
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Jun. 30, 2020
Debt Disclosure [Abstract] |
DEBT | DEBT
| June 30, 2020 |  |  |  | December 31, 2019 |  |
In thousands | Current |  | Non-Current |  | Current |  | Non-Current
2024 Senior Notes, net(1) | $ | — |  |  | $ | 227,238 |  |  | $ | — |  |  | $ | 226,885 |
Revolving Credit Facility(2) | — |  |  | 60,000 |  |  | — |  |  | — |
Finance lease obligations | 27,176 |  |  | 34,205 |  |  | 22,746 |  |  | 45,866 |
| $ | 27,176 |  |  | $ | 321,443 |  |  | $ | 22,746 |  |  | $ | 272,751 |
(1) Net of unamortized debt issuance costs of $2.8 million and $3.1 million at June 30, 2020 and December 31, 2019, respectively. (2) Unamortized debt issuance costs of $1.9 million and $2.3 million at June 30, 2020 and December 31, 2019, respectively, included in Other Non-Current Assets. 2024 Senior Notes In May 2017, the Company completed an offering of $250.0 million in aggregate principal amount of 5.875% Senior Notes due 2024 (“2024 Senior Notes”) in a private placement conducted pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended, for net proceeds of approximately $245.0 million, followed by an exchange offer for publicly-traded 2024 Senior Notes. For more details, please see Note 12 -- Debt contained in the 2019 10-K. Revolving Credit Facility At June 30, 2020, the Company had $60.0 million drawn on, and $20.5 million in letters of credit outstanding under, its $250.0 million revolving credit facility pursuant to the credit agreement originally entered into in September 2017 and subsequently amended among the Company, as borrower, and certain subsidiaries of the Company, as guarantors, and Bank of America, N.A., Royal Bank of Canada, Bank of Montreal, Chicago Branch, and the Bank of Nova Scotia as lenders (the “RCF”), leaving $169.5 million available under the RCF. At June 30, 2020, the interest rate on the principal of the RCF was 2.7%. Finance Lease Obligations From time-to-time, the Company acquires mining equipment and facilities under finance lease agreements. In the six months ended June 30, 2020, the Company entered into new lease financing arrangements primarily for mining equipment at Kensington and Palmarejo. All capital lease obligations are recorded, upon lease inception, at the present value of future minimum lease payments. See Note 7 -- Leases for additional qualitative and quantitative disclosures related to finance leasing arrangements. Interest Expense
| Three Months Ended June 30, |  |  |  | Six Months Ended June 30, |  |  |  |
In thousands | 2020 |  | 2019 |  | 2020 |  | 2019 |  |
2024 Senior Notes | $ | 3,378 |  |  | $ | 3,671 |  |  | $ | 6,756 |  |  | $ | 7,344 |  |  |
Revolving Credit Facility | 1,204 |  |  | 1,953 |  |  | 1,753 |  |  | 3,806 |  |  |
Finance lease obligations | 920 |  |  | 1,142 |  |  | 1,925 |  |  | 2,249 |  |  |
Amortization of debt issuance costs | 390 |  |  | 390 |  |  | 771 |  |  | 732 |  |  |
Accretion of Silvertip contingent consideration | — |  |  | 180 |  |  | — |  |  | 359 |  |  |
Other debt obligations | 181 |  |  | 2 |  |  | 216 |  |  | 2 |  |  |
Capitalized interest | (308) |  |  | (513) |  |  | (528) |  |  | (1,213) |  |  |
Total interest expense, net of capitalized interest | $ | 5,765 |  |  | $ | 6,825 |  |  | $ | 10,893 |  |  | $ | 13,279 |  |  |

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- Definition The entire disclosure for debt and capital lease obligations can be reported. Information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Also includes descriptions and amounts of capital leasing arrangements that consist of direct financing, sales type and leveraged leases. Disclosure may include the effect on the balance sheet and the income statement resulting from a change in lease classification for leases that at inception would have been classified differently had guidance been in effect at the inception of the original lease. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -URI http://asc.fasb.org/topic&trid=2208923 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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