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DEBT (Tables) | 6 Months Ended
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Jun. 30, 2018
DEBT |
Schedule of components of Long-term debt |
|  | June 30, |  | December 31, |
|  | 2018 |  | 2017 |
Principal amount |  | $ | 460,000 |  | $ | 519,083 |
PIK interest |  |  | — |  |  | 5,341 |
Less: Unamortized debt financing costs |  |  | (16,063) |  |  | (9,032) |
Less: Current portion |  |  | (45,000) |  |  | (24,497) |
Long-term debt, net |  | $ | 398,937 |  | $ | 490,895 |
Schedule of long-term debt |
|  | June 30, 2018 |  | December 31, 2017 |
|  |  |  | Unamortized |  |  |  | Unamortized |
|  |  |  | Debt Financing |  |  |  | Debt Financing |
|  | Principal |  | Cost |  | Principal |  | Cost |
$460 Million Credit Facility |  | $ | 460,000 |  | $ | 16,063 |  | $ | — |  | $ | — |
$400 Million Credit Facility |  |  | — |  |  | — |  |  | 399,600 |  |  | 6,332 |
$98 Million Credit Facility |  |  | — |  |  | — |  |  | 93,939 |  |  | 1,370 |
2014 Term Loan Facilities |  |  | — |  |  | — |  |  | 25,544 |  |  | 1,330 |
PIK interest |  |  | — |  |  | — |  |  | 5,341 |  |  | — |
Total debt |  | $ | 460,000 |  | $ | 16,063 |  | $ | 524,424 |  | $ | 9,032 |
Schedule of effective interest rate and the range of interest rates on the debt |
|  | For the Three Months Ended |  | For the Six Months Ended |
|  | June 30, | June 30, |
|  | 2018 |  | 2017 |  | 2018 |  |  | 2017 |
Effective Interest Rate |  | 6.25 | % | 5.27 | % | 6.04 | % |  | 5.14 | %
Range of Interest Rates (excluding unused commitment fees) |  | 4.06 % to 8.43 | % | 3.50 % to 7.42 | % | 3.83 % to 8.43 | % |  | 3.36 % to 7.42 | %

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- Definition Tabular disclosure of effective interest rate associated with the interest expense for the entity's debt facilities, including the cost associated with unused commitment fees. Additionally, it includes the range of interest rates on the debt, excluding the impact of unused commitment fees. + References No definition available. + Details
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- Definition Tabular disclosure of long-term debt less short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) as of the balance sheet date. + References No definition available. + Details
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- References No definition available. + Details
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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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