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LONG-TERM DEBT | 6 Months Ended
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Jun. 30, 2020
Debt Disclosure [Abstract] |
LONG-TERM DEBT | LONG-TERM DEBT The components of the Company's long-term debt consisted of the following (in thousands):
| June 30, 2020 |  |  |  | December 31, 2019 |  |
| Carrying Value (1) |  | Fair Value |  | Carrying Value (1) |  | Fair Value
ABL Revolver | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Term Loan B | 228,125 |  |  | 217,289 |  |  | 244,375 |  |  | 244,375 |
Total long-term debt | 228,125 |  |  | 217,289 |  |  | 244,375 |  |  | 244,375 |
Less: current portion | (2,500) |  |  | (2,381) |  |  | (2,500) |  |  | (2,500) |
Long-term debt less current maturities | $ | 225,625 |  |  | $ | 214,908 |  |  | $ | 241,875 |  |  | $ | 241,875 |
(1) Carrying value amounts do not include unamortized debt issuance costs of $5.5 million and $6.5 million for June 30, 2020 and December 31, 2019, respectively. Credit Agreements On March 17, 2020, the Company entered into an Increase Agreement (the "Increase Agreement") that provided for a $135 million asset-backed revolving line of credit (the "ABL Revolver") a $50.0 million increase above the $85.0 million original revolver. The Increase Agreement amends and supplements that certain Loan and Security Agreement, dated as of August 29, 2017. As of June 30, 2020, the Company had no amount outstanding under the ABL Revolver and had $131.0 million of borrowing capacity, net of the impact of outstanding letters of credit. The fair value measurements used by the Company are considered Level 2 inputs, as defined in the fair value hierarchy. The fair value estimates were based on quoted prices for identical or similar securities. The Company was in compliance with all financial covenants under the ABL Revolver and Term Loan B Agreements as of June 30, 2020.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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