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DEBT (Tables) | 12 Months Ended
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Dec. 31, 2020
Debt Disclosure [Abstract] |
Components of Debt | A summary of debt is as follows:
| December 31,
| 2020 |  | 2019
Senior Secured Credit Facility: |  |  |
Revolving Credit Facility due May 2023 ("Revolving Credit Facility"); bearing interest at LIBOR plus 1.75% | $ | — |  |  | $ | 26,900 |
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 2014R-1") 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 |
New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds Series 2020 ("New York Bonds 2020") due September 2050 - fixed rate interest period through 2025; bearing interest at 2.750% | 40,000 |  |  | — |
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 4.2% | 31,486 |  |  | 18,364 |
Notes payable maturing through June 2027; bearing interest at a weighted average of 3.5% | 4,933 |  |  | 5,464 |
Principal amount of debt | 548,419 |  |  | 522,728 |
Less—unamortized discount and debt issuance costs (1) | 8,768 |  |  | 9,406 |
Debt less unamortized discount and debt issuance costs | 539,651 |  |  | 513,322 |
Less—current maturities of debt | 9,240 |  |  | 4,301 |
| $ | 530,411 |  |  | $ | 509,021 |
(1)A summary of unamortized discount and debt issuance costs by debt instrument follows:
| December 31,
| 2020 |  | 2019
Revolving Credit Facility and Term Loan Facility (collectively, the "Credit Facility") | $ | 3,839 |  |  | $ | 5,478 |
New York Bonds 2014R-1 | 1,000 |  |  | 1,057 |
New York Bonds 2014R-2 | 329 |  |  | 390 |
New York Bonds 2020 | 1,461 |  |  | — |
FAME Bonds 2005R-3 | 347 |  |  | 432 |
FAME Bonds 2015R-1 | 482 |  |  | 552 |
FAME Bonds 2015R-2 | 343 |  |  | 417 |
Vermont Bonds | 487 |  |  | 541 |
New Hampshire Bonds | 480 |  |  | 539 |
| $ | 8,768 |  |  | $ | 9,406 |
Components of Interest Expense | The components of interest expense are as follows:
| Fiscal Year Ended December 31,
| 2020 |  | 2019 |  | 2018
Interest expense on long-term debt and finance leases | $ | 20,084 |  |  | $ | 22,553 |  |  | $ | 23,431 |
Amortization of debt issuance costs and discount on long-term debt | 2,169 |  |  | 2,293 |  |  | 2,449 |
Letter of credit fees | 531 |  |  | 519 |  |  | 554 |
Less: capitalized interest | (413) |  |  | (263) |  |  | (140) |
Total interest expense | $ | 22,371 |  |  | $ | 25,102 |  |  | $ | 26,294 |
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, 2020 |  | December 31, 2019
Interest rate swaps | Other accrued liabilities |  | $ | 4,774 |  |  | $ | 1,824 |
Interest rate swaps | Other long-term liabilities |  | 8,463 |  |  | 3,603 |
Total |  |  | $ | 13,237 |  |  | $ | 5,427 |
Interest rate swaps | Accumulated other comprehensive loss, net |  | $ | (13,434) |  |  | $ | (5,929) |
Interest rate swaps - tax benefit (provision) | Accumulated other comprehensive loss, net |  | 1,917 |  |  | (112) |
|  |  | $ | (11,517) |  |  | $ | (6,041) |
Schedule of Gain (Loss) On Cash Flow Hedges | A summary of the impact of the cash flow hedging relationships related to interest rate swaps reclassified from accumulated other comprehensive loss, net into earnings follows:
|  | Fiscal Year Ended December 31,
|  | 2020 |  | 2019 |  | 2018
Statement of Operations Location |  | (Expense) Income
Interest expense |  | $ | (3,679) |  |  | $ | (115) |  |  | $ | (287) |
Schedule of Future Maturities of Debt | Aggregate principal maturities of debt are as follows:
Estimated Future Payments as of December 31, 2020
Fiscal year ending December 31, 2021 | $ | 9,240 |
Fiscal year ending December 31, 2022 | 16,700 |
Fiscal year ending December 31, 2023 | 343,443 |
Fiscal year ending December 31, 2024 | 5,502 |
Fiscal year ending December 31, 2025 | 30,564 |
Thereafter | 142,970 |
| $ | 548,419 |

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