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Long-Term Debt (Tables)
 6 Months Ended
Jun. 30, 2019
Debt Disclosure [Abstract]  
Schedule of long-term debt

We must maintain the following consolidated financial ratios, as defined in the Credit Facility agreement:

EBITDA to Interest Expense
2.5 to 1.0
Senior Secured Debt to EBITDA
3.5 to 1.0
Total Debt to EBITDA
 
Through fiscal year 2019
5.75 to 1.0
Through second quarter of 2020
5.50 to 1.0
Thereafter (1)
5.25 to 1.0
——————
(1) 
Subject to a temporary increase to 5.5 to 1.0 for any quarter during which an acquisition satisfying certain thresholds is completed and for the two quarters immediately following such quarter.

Long-term debt consisted of the following (in thousands):
 
June 30, 2019
 
December 31, 2018
Credit Facility
$
792,500

 
$
839,500

 
 
 
 
2027 Notes
500,000

 
—

Less: Deferred financing costs, net of amortization
(8,550
)
 
—

 
491,450

 
—

 
 
 
 
2022 Notes
350,000

 
350,000

Less: Debt discount, net of amortization
(2,411
)
 
(2,766
)
Less: Deferred financing costs, net of amortization
(2,725
)
 
(3,133
)
 
344,864

 
344,101

 
 
 
 
2021 Notes
—

 
350,000

Less: Debt discount, net of amortization
—

 
(1,789
)
Less: Deferred financing costs, net of amortization
—

 
(2,311
)
 
—

 
345,900

Long-term debt
$
1,628,814

 
$
1,529,501