XML 54 R39.htm IDEA: XBRL DOCUMENT
v3.20.4

LONG-TERM DEBT (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Debt Disclosure [Abstract] |
Schedule of Long-term Debt | Long-term debt consisted of the following (in thousands):
| December 31, 2020 |  | December 31, 2019
| Carrying Value(1) |  | Fair Value |  | Carrying Value(1) |  | Fair Value
ABL Revolver | $ | — |  |  | — |  |  | $ | — |  |  | — |
Term Loan B | 330,000 |  |  | 325,875 |  |  | 244,375 |  |  | 244,375 |
Total Debt | 330,000 |  |  | 325,875 |  |  | 244,375 |  |  | 244,375 |
Less: Current maturities | (3,300) |  |  | (3,259) |  |  | (2,500) |  |  | (2,500) |
Total Long-term Debt | $ | 326,700 |  |  | $ | 322,616 |  |  | $ | 241,875 |  |  | $ | 241,875 |
(1) Carrying value amount do not include unamortized debt issuance costs of $9.6 million and $6.5 million for year ended December 31, 2020 and December 31, 2019 respectively.
Schedule of Secured Leverage Ratio to EBITDA | Secured Leverage Ratio – The Term Loan B Agreement 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 unrestricted cash, not to exceed $150 million) as of such day to EBITDA, beginning with the fiscal quarter ending December 31, 2020, is either equal to or less than as indicated in the table below:
| Fiscal Quarter | Secured Leverage Ratio
| December 31, 2020 | 5.75:1:00
| March 31, 2021 | 5.75:1:00
| June 30, 2021 | 5.75:1:00
| September 30, 2021 | 5.50:1:00
| December 31, 2021 | 5.50:1:00
| March 31, 2022 | 5.25:1:00
| June 30, 2022 | 5.25:1:00
| September 30, 2022 | 5.25:1:00
| December 31, 2022 | 5.00:1:00
| March 31, 2023 | 5.00:1:00
| June 30, 2023 and each Fiscal Quarter thereafter | 4.75:1:00
Schedule of Interest Rate on Borrowings Outstanding | The interest rates on our borrowings outstanding at December 31, 2020 and 2019, including the amortization of debt issuance costs, were as follows:
| December 31,
| 2020 |  | 2019
ABL Revolver | 1.9 | % |  | 3.5 | %
Term Loan B | 5.75 | % |  | 6.5 | %
Weighted average interest rate | 5.75 | % |  | 6.5 | %
Schedule of Maturities of Long-term Debt | As of December 31, 2020, the maturities of long-term debt for the next five years and thereafter were as follows (in thousands):
| Year | $ Amount
| 2021 | $ | 3,300 |
| 2022 | 3,300 |
| 2023 | 3,300 |
| 2024 | 3,300 |
| 2025 | 3,300 |
| Thereafter | 313,500 |
| Total | $ | 330,000 |

X
- Definition Tabular disclosure of interest rates on borrowings outstanding. + References No definition available. + Details
Name: | dxpe_InterestRateOnBorrowingsOutstandingTableTextBlock
Namespace Prefix: | dxpe_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule Of Debt Instrument, Covenant Compliance, Secured Leverage Ratio + References No definition available. + Details
Name: | dxpe_ScheduleOfDebtInstrumentCovenantComplianceSecuredLeverageRatioTableTextBlock
Namespace Prefix: | dxpe_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -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
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration