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Long-Term Debt and Financing Arrangements (Tables)
 9 Months Ended
Sep. 30, 2020
Debt Disclosure [Abstract]  
Schedule of Outstanding Debt

 

 

September 30,

 

 

December 31,

 

 

2020

 

 

2019

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

Interim Funding for a deposit on equipment expected to be received in the fourth quarter of 2020; interest paid monthly at a variable rate

$

3,820

 

 

$

-

 

 

 

 

 

 

 

 

 

Secured Equipment Notes due on various dates in 2025 commencing on various dates in 2020; interest is paid monthly at a fixed annual rate between 1.51% and 1.80%

 

22,036

 

 

 

-

 

 

 

 

 

 

 

 

 

Secured Equipment Notes due on various dates in 2024 commencing on various dates in 2017 to 2020; interest is paid monthly at a fixed annual rate between 2.49% and 3.59%

 

53,497

 

 

 

62,690

 

 

 

 

 

 

 

 

 

Secured Equipment Notes due on various dates in 2023 commencing on various dates in 2016 to 2019; interest is paid monthly at a fixed annual rate between 2.23% and 4.16%

 

123,314

 

 

 

153,350

 

 

 

 

 

 

 

 

 

Secured Equipment Notes due on various dates in 2022 commencing on various dates in 2015 to 2017; interest is paid monthly at a fixed annual rate of between 2.16% and 2.85%

 

10,687

 

 

 

16,892

 

 

 

 

 

 

 

 

 

Secured Equipment Notes due on various dates in 2021 commencing on various dates from 2014 to 2017; interest is paid monthly at a fixed annual rate between 2.04% and 2.96%

 

20,043

 

 

 

35,076

 

 

 

 

 

 

 

 

 

Secured Equipment Notes due on various dates in 2020 commencing on various dates from 2013 to 2016; interest is paid monthly at a fixed annual rate between 1.84% and 2.74%

 

2,571

 

 

 

13,617

 

 

 

 

 

 

 

 

 

 

 

235,968

 

 

 

281,625

 

 

 

 

 

 

 

 

 

Less current portion

 

(86,964

)

 

 

(94,691

)

Total long-term debt

$

149,004

 

 

$

186,934