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LONG-TERM DEBT (Tables)

6 Months Ended

Jun. 30, 2019

Debt And Derivatives Disclosure [Abstract]

Summary of Components of Long-Term Debt and Capital Leases by Debt Instrument

A summary of long-term debt and finance leases by debt instrument follows:

	June 30, 2019				December 31, 2018
Senior Secured Credit Facility:
Revolving line of credit facility ("Revolving Credit Facility") due May 2023; bearing interest at LIBOR plus 1.75%	$	3,100			$	69,600
Term loan A facility ("Term Loan Facility") due May 2023; 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 2019; bearing interest at 3.75%	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 2019; bearing interest at 4.00%	11,000				11,000
Other:
Finance leases maturing through December 2107; bearing interest at a weighted average of 5.2%	17,168				11,248
Notes payable maturing through June 2027; bearing interest at a weighted average of 3.4%	4,473				2,401
Principal amount of long-term debt and finance leases	496,741				555,249
Less—unamortized discount and debt issuance costs (1)	9,801				10,950
Long-term debt and finance leases less unamortized discount and debt issuance costs	486,940				544,299
Less—current maturities of long-term debt and finance leases	3,048				2,298
	$	483,892			$	542,001

 

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

	June 30, 2019				December 31, 2018
Revolving Credit Facility and Term Loan Facility (collectively, the "Credit Facility")	$	6,298			$	7,118
New York Bonds 2014	754				847
New York Bonds 2014R-2	420				450
FAME Bonds 2005R-3	475				517
FAME Bonds 2015R-1	587				622
FAME Bonds 2015R-2	455				493
Vermont Bonds	568				595
New Hampshire Bonds	244				308
	$	9,801			$	10,950

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		June 30, 2019				December 31, 2018
Interest rate swaps	Other current assets		$	6			$	338
Interest rate swaps	Other non-current assets		—				482
			$	6			$	820
Interest rate swaps	Other accrued liabilities		$	1,308			$	387
Interest rate swaps	Other long-term liabilities		4,152				1,555
			$	5,460			$	1,942
Interest rate swaps	Accumulated other comprehensive loss		$	(5,712	)		$	(1,196	)
Interest rate swaps - tax provision	Accumulated other comprehensive loss		(112		)		(112		)
			$	(5,824	)		$	(1,308	)

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income

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

			Fair Value
	Balance Sheet Location		June 30, 2019				December 31, 2018
Interest rate swaps	Other current assets		$	6			$	338
Interest rate swaps	Other non-current assets		—				482
			$	6			$	820
Interest rate swaps	Other accrued liabilities		$	1,308			$	387
Interest rate swaps	Other long-term liabilities		4,152				1,555
			$	5,460			$	1,942
Interest rate swaps	Accumulated other comprehensive loss		$	(5,712	)		$	(1,196	)
Interest rate swaps - tax provision	Accumulated other comprehensive loss		(112		)		(112		)
			$	(5,824	)		$	(1,308	)

A summary of the amount of loss on cash flow hedging relationships related to interest rate swaps reclassified from accumulated other comprehensive income into earnings follows:

		Three Months Ended June 30,								Six Months Ended June 30,
		2019				2018				2019				2018
Statement of Operations Location		(Expense) Income								(Expense) Income
Interest expense		$	(44	)		$	(38	)		$	(69	)		$	(91	)

A summary of the changes in the balances of each component of accumulated other comprehensive loss, net of tax follows:

	Interest Rate Swaps
Balance, December 31, 2018	$	(1,308	)
Other comprehensive loss before reclassifications	(4,585		)
Amounts reclassified from accumulated other comprehensive loss	69
Income tax benefit (provision) related to items of other comprehensive loss	—
Net current-period other comprehensive loss	(4,516		)
Balance, June 30, 2019	$	(5,824	)

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- Definition

Debt And Derivatives Disclosure [Abstract]

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Tabular disclosure of the components of accumulated other comprehensive income (loss).

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669686-108580

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Tabular disclosure for cash flow hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959

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Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

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