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Debt and Credit Facilities (Tables)
12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Schedule of Long Term Debt

Long-term debt consisted of the following at December 31, 2018 and December 31, 2019 (in thousands):

 

 

 

2018

 

 

2019

 

Revolving credit facility

 

$

180,000

 

 

$

 

Senior notes

 

 

250,000

 

 

 

250,000

 

Debt issuance costs

 

 

(836

)

 

 

(647

)

Long-term debt

 

$

429,164

 

 

$

249,353

 

 

Schedule of Aggregate Amount Debt Repayable

On July 1, 2014, the Company finalized a private placement whereby the Company raised an aggregate amount of $250.0 million in debt repayable as follows (in thousands):

 

Tranche

 

Debt Amount

 

 

Maturity Date

 

Interest Rate

 

Senior Note, Series A

 

$

50,000

 

 

July 15, 2021

 

 

4.44

%

Senior Note, Series B

 

 

100,000

 

 

July 15, 2024

 

 

4.98

%

Senior Note, Series C

 

 

60,000

 

 

July 15, 2026

 

 

5.13

%

Senior Note, Series D

 

 

40,000

 

 

July 15, 2029

 

 

5.38

%