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Debt (Tables) | 6 Months Ended
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Jun. 30, 2019
Debt Disclosure [Abstract] |
Schedule of Short-term and Long-term Debt | Short-term and long-term debt at June 30, 2019, December 31, 2018 and June 30, 2018 consisted of the following:
(in thousands) | June 30, 2019 |  | December 31, 2018 |  | June 30, 2018
Short-term Debt – Non-Recourse (a) | $ | 75,476 |  |  | $ | — |  |  | $ | — |
Short-term Debt – Recourse | 350,649 |  |  | 205,000 |  |  | 185,000 |
Total Short-term Debt | $ | 426,125 |  |  | $ | 205,000 |  |  | $ | 185,000 |
Current Maturities of Long-term Debt – Non-Recourse (b) | $ | 8,903 |  |  | $ | 4,842 |  |  | $ | 2,922 |
Current Maturities of Long-term Debt – Recourse (c) | 40,785 |  |  | 16,747 |  |  | 10,778 |
Finance lease liability (d) | 16,990 |  |  | — |  |  | — |
Total Current Maturities of Long-term Debt | $ | 66,678 |  |  | $ | 21,589 |  |  | $ | 13,700 |
Long-term Debt, Less: Current Maturities – Non-Recourse (b) | $ | 198,560 |  |  | $ | 146,353 |  |  | $ | 72,290 |
Long-term Debt, Less: Current Maturities – Recourse (c) | 786,512 |  |  | 349,834 |  |  | 363,290 |
Finance lease liability (d) | 21,940 |  |  | — |  |  | — |
Total Long-term Debt, Less: Current Maturities | $ | 1,007,012 |  |  | $ | 496,187 |  |  | $ | 435,580 |
(a) In conjunction with the recent acquisition, the Company assumed Thompsons' revolving line of credit and a term loan with a syndicate of banks, which are non-recourse to the Company. The credit agreement provides the Company with a maximum availability of $183.4 million and had $107.9 million available for borrowing on this line of credit as of June 30, 2019. Any borrowings under the line of credit bear interest at variable rates, which are based on LIBOR or Bankers’ Acceptances plus an applicable spread. The maturity date for the revolving line of credit is June 26, 2023. (b) In conjunction with the recent acquisition, the Company also assumed a term loan with a syndicate of banks. The term loan had a balance of $33.9 million at June 30, 2019. Interest rates for the term loans are based on LIBOR plus an applicable spread. Payments of $0.6 million are made on a quarterly basis. (c) On January 11, 2019 the Company entered into 5-year term loan in the amount of $250 million and a 7-year term loan of $250 million. A portion of the term loans were used to pay down debt assumed in the LTG acquisition. Interest rates are based on LIBOR plus an applicable spread. Payments on the term loans will be made on a quarterly basis. As of June 30, 2019, $6.3 million has been paid on the 5-year term loan and $6.3 million has been paid on the 7-year term loan. (d) See Note 14, Leases, for additional information. June 30, 2019 balances include the former build-to-suit lease that was reclassed from other current liabilities and other long-term liabilities as a result of the new lease standard.

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