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LONG-TERM DEBT (Tables) | 12 Months Ended
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Dec. 31, 2017
LONG-TERM DEBT [Abstract] |
Long Term Debt | Long-term debt consisted of the following (in thousands):
|  | December 31, |
|  | 2017 |  |  | 2016 |
ABL Revolver |  | $ | - |  |  | $ | - |
Term Loan B |  |  | 249,375 |  |  |  | - |
Line of credit |  |  | - |  |  |  | 147,600 |
Term loan |  |  | - |  |  |  | 74,500 |
Promissory note payable in monthly installments at 2.9% through January 2021, collateralized by equipment |  |  | 2,722 |  |  |  | 3,577 |
Less unamortized debt issuance costs |  |  | (10,073 | ) |  |  | (992 | )
Total Debt |  |  | 242,024 |  |  |  | 224,685 |
Less: Current maturities |  |  | (3,381 | ) |  |  | (51,354 | )
Total Long-term Debt |  | $ | 238,643 |  |  | $ | 173,331 |
Computation of Secured Leverage Ratio to EBITDA | The Term Loan requires that the company’s Secured Leverage Ratio, defined as the ratio, as of the last day of any fiscal quarter of consolidated secured debt (net of restricted cash, not to exceed $30 million) as of such day to EBITDA, beginning with the fiscal quarter ending December 31, 2017, is either equal to or less than as indicated in the table below:
Fiscal Quarter | Secured Leverage Ratio
December 31, 2017 | 5.75:1.00
March 31, 2018 | 5.75:1.00
June 30, 2018 | 5.50:1.00
September 30, 2018 | 5.50:1.00
December 31, 2018 | 5.25:1.00
March 31, 2019 | 5.25:1.00
June 30, 2019 | 5.00:1.00
September 30, 2019 | 5.00:1.00
December 31, 2019 | 4.75:1.00
March 31, 2020 | 4.75:1.00
June 30, 2020 and each Fiscal Quarter thereafter | 4.50:1.00
Maturities of Long-Term Debt | As of December 31, 2017, the maturities of long-term debt for the next five years and thereafter were as follows (in thousands):
2018 |  | $ | 3,381 |
2019 |  |  | 3,405 |
2020 |  |  | 3,436 |
2021 |  |  | 2,500 |
2022 |  |  | 2,500 |
Thereafter |  |  | 236,875 |
Total |  | $ | 252,097 |

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- Definition Tabular disclosure of computation of secured leverage ratio to EBITDA. + References No definition available. + Details
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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://www.xbrl.org/2003/role/presentationRef -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=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21475-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -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 4: http://www.xbrl.org/2003/role/presentationRef -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=26873400&loc=d3e23780-122690 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=64930739&loc=d3e28878-108400 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21538-112644 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21506-112644 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28541-108399 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28551-108399 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21521-112644 + Details
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- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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