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Financial Commitments (Tables) | 12 Months Ended
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Dec. 31, 2020
Debt Disclosure [Abstract] |
Long-Term Debt | Long-term debt as reported on the Consolidated Balance Sheets consisted of the following:
| As of December 31,
(in thousands) | 2020 |  | 2019
2017 Senior Notes | $ | 495,271 |  |  | $ | 494,365 |
Term Loan B | 408,458 |  |  | N/A
2020 Revolver | — |  |  | N/A
2017 Credit Facility | N/A |  | 114,000 |
Convertible Notes(a) | 67,878 |  |  | 182,292 |
Equipment financing and mortgages | 47,594 |  |  | 39,159 |
Other indebtedness | 6,264 |  |  | 4,660 |
Total debt | 1,025,465 |  |  | 834,476 |
Less: Current maturities | 100,188 |  |  | 124,054 |
Long-term debt, net | $ | 925,277 |  |  | $ | 710,422 |
_____________________________________________________________________________________________________________ (a)The Company will repurchase or retire the remaining Convertible Notes at or before their June 15, 2021 maturity using proceeds from the Term Loan B, $69.9 million of which is currently held in a restricted cash account for this purpose.
Reconciliation Of Outstanding Debt Balance To Reported Debt Balance | The following table reconciles the outstanding debt balances to the reported debt balances as of December 31, 2020 and 2019:
| As of December 31, 2020 |  | As of December 31, 2019
(in thousands) | Outstanding Debt | Unamortized Discounts and Issuance Costs | Debt, as reported |  | Outstanding Debt | Unamortized Discount and Issuance Costs | Debt, as reported
2017 Senior Notes | $ | 500,000 |  | $ | (4,729) |  | $ | 495,271 |  |  | $ | 500,000 |  | $ | (5,635) |  | $ | 494,365 |
Term Loan B | 423,938 |  | (15,480) |  | 408,458 |  |  | N/A | N/A | N/A
Convertible Notes | 69,918 |  | (2,040) |  | 67,878 |  |  | 200,000 |  | (17,708) |  | 182,292 |
Summary Of Information Related To The Liability And Equity Components Of The Convertible Notes | The following table presents information related to the liability and equity components of the Convertible Notes:
(in thousands) | December 31, 2020 |  | December 31, 2019
Liability component: |  |  |
Principal | $ | 69,918 |  |  | $ | 200,000 |
Conversion feature | (46,800) |  |  | (46,800) |
Allocated debt issuance costs | (5,051) |  |  | (5,051) |
Amortization and extinguishment of discount and debt issuance costs (non-cash interest expense) | 49,811 |  |  | 34,143 |
Net carrying amount | $ | 67,878 |  |  | $ | 182,292 |
Equity component: |  |  |
Conversion feature | $ | 46,800 |  |  | $ | 46,800 |
Reacquisition of conversion option from repurchase of notes, net of tax | (764) |  |  | — |
Allocated debt issuance costs | (1,543) |  |  | (1,543) |
Deferred taxes | (18,815) |  |  | (18,815) |
Net carrying amount | $ | 25,678 |  |  | $ | 26,442 |
Principal Payments of Long-Term Debt | The following table presents the future principal payments required under all of the Company’s debt obligations, discussed above:
Year (in thousands) |
2021 | $ | 102,228 |
2022 | 14,822 |
2023 | 14,282 |
2024 | 7,498 |
2025 | 506,156 |
Thereafter | 402,728 |
| 1,047,714 |
Less: Unamortized discount and issuance costs | 22,249 |
Total | $ | 1,025,465 |
Summary Of Interest Expense As Reported In The Consolidated Statements of Operations | Interest expense as reported in the Consolidated Statements of Operations consisted of the following:
| For the year ended December 31,
(in thousands) | 2020 |  | 2019 |  | 2018
Cash interest expense: |  |  |  |  |
Interest on 2017 Senior Notes | $ | 34,375 |  |  | $ | 34,375 |  |  | $ | 34,375 |
Interest on Term Loan B | 9,028 |  |  | N/A |  | N/A
Interest on 2020 Revolver | 77 |  |  | N/A |  | N/A
Interest on 2017 Credit Facility | 5,341 |  |  | 11,990 |  |  | 8,575 |
Interest on Convertible Notes | 4,373 |  |  | 5,750 |  |  | 5,750 |
Other interest | 2,079 |  |  | 2,172 |  |  | 2,747 |
Cash portion of loss on extinguishment | 786 |  |  | — |  |  | — |
Total cash interest expense | 56,059 |  |  | 54,287 |  |  | 51,447 |
Non-cash interest expense(a): |  |  |  |  |
Amortization of discount and debt issuance costs on Convertible Notes | 8,944 |  |  | 10,811 |  |  | 9,846 |
Amortization of discount and debt issuance costs on Term Loan B | 784 |  |  | N/A |  | N/A
Amortization of debt issuance costs on 2020 Revolver | 206 |  |  | N/A |  | N/A
Amortization of debt issuance costs on 2017 Credit Facility | 1,001 |  |  | 1,552 |  |  | 1,439 |
Amortization of debt issuance costs on 2017 Senior Notes | 906 |  |  | 844 |  |  | 787 |
Non-cash portion of loss on extinguishment | 8,312 |  |  | — |  |  | — |
Total non-cash interest expense | 20,153 |  |  | 13,207 |  |  | 12,072 |
Total interest expense | $ | 76,212 |  |  | $ | 67,494 |  |  | $ | 63,519 |
_____________________________________________________________________________________________________________ (a)The combination of cash and non-cash interest expense produces effective interest rates that are higher than contractual rates. Accordingly, the effective interest rates for the 2017 Senior Notes, Term Loan B and the Convertible Notes were 7.13%, 6.49% and 9.39%, respectively, for the year ended December 31, 2020

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