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DEBT (Tables)

12 Months Ended

Dec. 31, 2018

Line of Credit Facility

Schedule of components of Long-term debt

		December 31,			December 31,
		2018			2017
Principal amount		$	551,420		$	519,083
PIK interest			—			5,341
Less:  Unamortized debt financing costs			(16,272)			(9,032)
Less: Current portion			(66,320)			(24,497)
Long-term debt, net		$	468,828		$	490,895

Schedule of long-term debt

		December 31, 2018						December 31, 2017
					Unamortized						Unamortized
					Debt Financing						Debt Financing
		Principal			Cost			Principal			Cost
$460 Million Credit Facility		$	445,000		$	14,423		$	—		$	—
$108 Million Credit Facility			106,420			1,849			—			—
$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		$	551,420		$	16,272		$	524,424		$	9,032

Schedule of effective interest rate and the range of interest rates on the debt

		For the Years Ended December 31,
		2018		2017		2016
Effective Interest Rate		5.71	%	5.29	%	4.50	%
Range of Interest Rates (excluding unused commitment fees)		3.83 % to 8.43	%	3.36 % to 7.82	%	2.69 % to 7.12	%

Secured Debt | $108 Million Credit Facility

Line of Credit Facility

Scheduled repayment of outstanding debt

Year Ending December 31,		Total
2019		$	6,320
2020			6,320
2021			6,320
2022			6,320
2023			81,140
Total debt		$	106,420

Secured Debt | $460 Million Credit Facility

Line of Credit Facility

Scheduled repayment of outstanding debt

Year Ending December 31,		Total
2019		$	60,000
2020			60,000
2021			60,000
2022			60,000
2023			205,000
Total debt		$	445,000

X

- 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.

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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.

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- Definition

Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601

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