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v3.20.4

Long-Term Debt (Tables) | 12 Months Ended
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Dec. 31, 2020
Debt Instruments |
Schedule of long-term debt | Long-term debt consisted of the following (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31,
​ |  | 2020 | ​ | 2019
Credit Facility | ​ | $ | 393,000 | ​ | $ | 513,000
​ | ​ | ​ | ​ | ​ | ​ | ​
2028 Notes | ​ |  | 800,000 | ​ |  | 500,000
Add: Debt premium, net of amortization | ​ | ​ | 14,541 | ​ |  | —
Less: Deferred financing costs, net of amortization | ​ |  | (11,766) | ​ |  | (8,090)
​ | ​ |  | 802,775 | ​ |  | 491,910
​ | ​ | ​ | ​ | ​ | ​ | ​
2027 Notes | ​ | ​ | 500,000 | ​ |  | 500,000
Less: Deferred financing costs, net of amortization | ​ | ​ | (6,908) | ​ |  | (7,999)
​ | ​ | ​ | 493,092 | ​ |  | 492,001
​ | ​ | ​ | ​ | ​ | ​ | ​
2022 Notes | ​ |  | — | ​ |  | 350,000
Less: Debt discount, net of amortization | ​ |  | — | ​ |  | (2,046)
Less: Deferred financing costs, net of amortization | ​ |  | — | ​ |  | (2,316)
​ | ​ |  | — | ​ |  | 345,638
​ | ​ | ​ | ​ | ​ | ​ | ​
Long-term debt | ​ | $ | 1,688,867 | ​ | $ | 1,842,549
​
Schedule of Maturities of Long-term Debt | Contractual maturities of long-term debt over the next five years, excluding interest to be accrued, at December 31, 2020 were as follows (in thousands):
​ | ​ | ​ | ​
2021 |  | $ | —
2022 | ​ |  | —
2023 | ​ |  | —
2024 | ​ |  | 393,000
2025 | ​ |  | —
Long-term debt maturities through 2025 | ​ | $ | 393,000
Credit Facility, Amendment 2 |
Debt Instruments |
Schedule of financial ratios to be maintained defined in Credit Facility agreement | As of December 31, 2020, the following consolidated financial ratios, as defined in our Credit Facility agreement, were required: ​
​ | ​ | ​
EBITDA to Interest Expense |  | 2.5 to 1.0
Senior Secured Debt to EBITDA |  | 3.5 to 1.0
Total Debt to EBITDA |  |
January 1 through June 30, 2020 |  | 5.50 to 1.0
Thereafter (1) |  | 5.25 to 1.0
(1) | Subject to a temporary increase to 5.50 to 1.0 for any quarter during which an acquisition satisfying certain thresholds is completed and for the two quarters immediately following such quarter.

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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28541-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28551-108399 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644 + Details
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- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
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