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DEBT - $460 Million Credit Facility (Details) $ in Thousands |  |  | 3 Months Ended | 6 Months Ended |
--- | --- | --- | --- | --- | ---
Jun. 05, 2018 USD ($) | May 31, 2018 USD ($) item | Jun. 30, 2018 USD ($) | Jun. 30, 2018 USD ($) | Dec. 31, 2017 USD ($)
Line of Credit Facility |  |  |  |  |
Minimum restricted cash required |  | $ 0 |  |  |
Secured Debt | $460 Million Credit Facility |  |  |  |  |
Line of Credit Facility |  |  |  |  |
Term of facilities |  | 5 years |  |  |
Maximum borrowing capacity |  | $ 460,000 | $ 460,000 | $ 460,000 |
Proceeds from credit facility | $ 460,000 |  |  | 460,000 |
Number of oldest vessels identified for sale for which debt will be paid down | item |  | 7 |  |  |
Remaining borrowing capacity |  |  | 0 | 0 |
Repayment of secured debt |  |  | 0 | 0 |
Long-term debt |  |  | $ 443,937 | $ 443,937 | $ 0
Amortization payments per quarter |  | $ 15,000 |  |  |
Repaid value of loan when certain debt terms are met |  | $ 0 |  |  |
Average age of collateral vessels for repayment of loan |  | 17 years |  |  |
Percentage limit of consolidated net income for which dividends can be paid |  | 50.00% |  |  |
Collateral vessel replacement period |  | 120 days |  |  |
Key covenant - Unrestricted cash and cash equivalents minimum |  | $ 30,000 |  |  |
Key covenant – Percentage of unrestricted cash to total indebtedness |  | 7.50% |  |  |
Minimum working capital required |  | $ 0 |  |  |
Maximum total indebtedness to total capitalization |  | 0.70 |  |  |
Key covenant – Minimum time charters period |  | 24 months |  |  |
Secured Debt | $460 Million Credit Facility | Period upon final maturity on May 31, 2023 |  |  |  |  |
Line of Credit Facility |  |  |  |  |
Final payment amount |  | $ 190,000 |  |  |
Secured Debt | $460 Million Credit Facility | LIBOR | Through December 31, 2018 |  |  |  |  |
Line of Credit Facility |  |  |  |  |
Applicable margin over reference rate (as a percent) |  | 3.25% |  |  |
Secured Debt | Minimum | $460 Million Credit Facility |  |  |  |  |
Line of Credit Facility |  |  |  |  |
Collateral security maintenance test (as a percent) |  | 135.00% |  |  |
Secured Debt | Minimum | $460 Million Credit Facility | LIBOR | Period after December 31, 2018 |  |  |  |  |
Line of Credit Facility |  |  |  |  |
Applicable margin over reference rate (as a percent) |  | 3.00% |  |  |
Secured Debt | Maximum | $460 Million Credit Facility |  |  |  |  |
Line of Credit Facility |  |  |  |  |
Collateral security maintenance test (as a percent) |  | 200.00% |  |  |
Secured Debt | Maximum | $460 Million Credit Facility | LIBOR | Period after December 31, 2018 |  |  |  |  |
Line of Credit Facility |  |  |  |  |
Applicable margin over reference rate (as a percent) |  | 3.50% |  |  |

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- Definition The debt covenant period for replacement of new vessel having an equal or greater appraised value if in compliance with collateral maintenance test. + References No definition available. + Details
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- Definition Represents the average age of collateral vessels for repayment of loan. + References No definition available. + Details
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- Definition Represents the aggregate fair value of the mortgaged vessels to be maintained as a percentage of aggregate outstanding principal amount as per the terms of the credit facilities' covenants. + References No definition available. + Details
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- Definition Amount of line of credit facility future amortization payments per quarter per facility agreement. Upon payment of excess cash flow to lenders, these amortization payments shall be adjusted. + References No definition available. + Details
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- Definition Number of oldest vessels identified for sale, for which debt will be paid down. + References No definition available. + Details
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- Definition The value of loan when the average age of the vessels serving as collateral from time to time reaches a specified period, following an initial non-amortization period and all additional debt covenants are met. + References No definition available. + Details
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- Definition Period remaining on line of credit facility before it terminates, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + References No definition available. + Details
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- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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