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Long-Term Debt (Tables) | 12 Months Ended
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Dec. 31, 2019
Debt Disclosure [Abstract] |
Schedule of long-term debt | Long-term debt consists of the following (in thousands):
| December 31,
| 2019 |  | 2018
Term Loan (previously scheduled to mature June 2020) | $ | — |  |  | $ | 33,693 |
Term Loan (matures December 2021) | 33,250 |  |  | — |
2022 Notes (mature May 2022) | 125,000 |  |  | 125,000 |
2023 Notes (mature September 2023) | 125,000 |  |  | 125,000 |
MARAD Debt (matures February 2027) | 63,610 |  |  | 70,468 |
Nordea Q5000 Loan (matures April 2020) | 89,286 |  |  | 125,000 |
Unamortized debt discounts | (22,540 | ) |  | (28,802 | )
Unamortized debt issuance costs | (7,753 | ) |  | (10,044 | )
Total debt | 405,853 |  |  | 440,315 |
Less current maturities | (99,731 | ) |  | (47,252 | )
Long-term debt | $ | 306,122 |  |  | $ | 393,063 |
Schedule of maturities of long-term debt outstanding | Scheduled maturities of our long-term debt outstanding as of December 31, 2019 are as follows (in thousands):
| Term Loan (1) |  | 2022 Notes |  | 2023 Notes |  | MARAD Debt |  | Nordea Q5000 Loan |  | Total
Less than one year | $ | 3,500 |  |  | $ | — |  |  | $ | — |  |  | $ | 7,200 |  |  | $ | 89,286 |  |  | $ | 99,986 |
One to two years | 29,750 |  |  | — |  |  | — |  |  | 7,560 |  |  | — |  |  | 37,310 |
Two to three years | — |  |  | 125,000 |  |  | — |  |  | 7,937 |  |  | — |  |  | 132,937 |
Three to four years | — |  |  | — |  |  | 125,000 |  |  | 8,333 |  |  | — |  |  | 133,333 |
Four to five years | — |  |  | — |  |  | — |  |  | 8,749 |  |  | — |  |  | 8,749 |
Over five years | — |  |  | — |  |  | — |  |  | 23,831 |  |  | — |  |  | 23,831 |
Gross debt | 33,250 |  |  | 125,000 |  |  | 125,000 |  |  | 63,610 |  |  | 89,286 |  |  | 436,146 |
Unamortized debt discounts (2) | — |  |  | (7,999 | ) |  | (14,541 | ) |  | — |  |  | — |  |  | (22,540 | )
Unamortized debt issuance costs (3) | (381 | ) |  | (1,236 | ) |  | (2,344 | ) |  | (3,537 | ) |  | (255 | ) |  | (7,753 | )
Total debt | 32,869 |  |  | 115,765 |  |  | 108,115 |  |  | 60,073 |  |  | 89,031 |  |  | 405,853 |
Less current maturities | (3,500 | ) |  | — |  |  | — |  |  | (7,200 | ) |  | (89,031 | ) |  | (99,731 | )
Long-term debt | $ | 29,369 |  |  | $ | 115,765 |  |  | $ | 108,115 |  |  | $ | 52,873 |  |  | $ | — |  |  | $ | 306,122 |
(1) | Term Loan pursuant to the Credit Agreement matures in December 2021.
(2) | The 2022 Notes and the 2023 Notes will increase to their face amounts through accretion of their debt discounts to interest expense through May 2022 and September 2023, respectively.
(3) Debt issuance costs are amortized to interest expense over the term of the applicable debt agreement.
Schedule of components of net interest expense | The following table details the components of our net interest expense (in thousands):
| Year Ended December 31,
| 2019 |  | 2018 |  | 2017
Interest expense | $ | 31,186 |  |  | $ | 32,617 |  |  | $ | 38,274 |
Capitalized interest | (20,246 | ) |  | (15,629 | ) |  | (16,906 | )
Interest income | (2,607 | ) |  | (3,237 | ) |  | (2,590 | )
Net interest expense | $ | 8,333 |  |  | $ | 13,751 |  |  | $ | 18,778 |

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