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Debt (Tables) | 9 Months Ended
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Sep. 30, 2018
Debt |
Schedule of long-term debt, net | Long-term debt, net consists of the following (in thousands):
|  |  |  | September 30, |  |  | December 31,
|  |  |  | 2018 |  |  | 2017
Outstanding debt |  |  | $ | 578,600 |  | $ | 470,000
Unamortized debt issuance costs |  |  |  | (2,845) |  |  | (3,435)
Current portion of long-term debt |  |  |  | (20,000) |  |  | (20,000)
Total long-term debt, less current portion, net |  |  | $ | 555,755 |  | $ | 446,565
Schedule of Interest Rate Swap Agreements | As of September 30, 2018, we have the following interest rate swap agreements:
Effective Dates |  | Floating Rate Debt |  | Fixed Rates |
April 30, 2018 through April 30, 2023 |  | $ | 55 | million |  | 2.33 | %
April 30, 2018 through April 30, 2023 |  | $ | 35 | million |  | 2.36 | %
April 30, 2018 through April 30, 2023 |  | $ | 35 | million |  | 2.34 | %
January 30, 2018 through August 30, 2022 |  | $ | 100 | million |  | 1.99 | %
January 30, 2018 through August 30, 2022 |  | $ | 75 | million |  | 1.99 | %
January 30, 2018 through August 30, 2022 |  | $ | 75 | million |  | 2.00 | %
January 30, 2018 through August 30, 2022 |  | $ | 25 | million |  | 1.99 | %
Schedule of Location and Amounts of Swaps in the Accompanying Consolidated Financial Statements | The following table provides information on the location and amounts of our swaps in the accompanying condensed consolidated financial statements (in thousands):
|  | Interest Rate Swap Derivatives
|  | Fair Value |  | Fair Value
|  | September 30, |  | December 31,
Balance Sheet Location |  | 2018 |  | 2017
Other current and long-term assets |  | $ | 12,163 |  | $ | 651
Schedule of Effect of Derivative Instruments on the Accompanying Consolidated Financial Statements | The effect of derivative instruments on the accompanying condensed consolidated financial statements is as follows (in thousands):
|  |  |  | Location of Gain |  | Amount of Gain |  |
Derivatives - |  | Amount of Gain or |  | or (Loss) |  | or (Loss) |  | Total Interest Expense
Cash Flow |  | (Loss) Recognized |  | Reclassified from |  | Reclassified from |  | on Consolidated
Hedging |  | in AOCI/AOCL |  | AOCI/AOCL into |  | AOCI/AOCL into |  | Statements of
Relationships |  | on Derivative |  | Income |  | Income |  | Income
Interest rate swaps for the three months ended: |  |  |  |  |  |
September 30, 2018 |  | $ | 1,483 |  |  | Interest expense |  | $ | (19) |  | $ | (6,190)
September 24, 2017 |  | $ | 404 |  |  | Interest expense |  | $ | (54) |  | $ | (2,702)
Interest rate swaps for the nine months ended: |  |  |  |  |  |  |  |  |
September 30, 2018 |  | $ | 8,863 |  |  | Interest expense |  | $ | (216) |  | $ | (17,321)
September 24, 2017 |  | $ | (1,061) |  |  | Interest expense |  | $ | (378) |  | $ | (6,542)

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