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DEBT (Tables)

3 Months Ended

Mar. 31, 2019

DEBT

Schedule of components of Long-term debt

		March 31,			December 31,
		2019			2018
Principal amount		$	534,840		$	551,420
Less:  Unamortized debt financing costs			(15,967)			(16,272)
Less: Current portion			(70,351)			(66,320)
Long-term debt, net		$	448,522		$	468,828

Schedule of long-term debt

		March 31, 2019						December 31, 2018
					Unamortized						Unamortized
					Debt Issuance						Debt Issuance
		Principal			Cost			Principal			Cost
$495 Million Credit Facility		$	430,000		$	14,213		$	445,000		$	14,423
$108 Million Credit Facility			104,840			1,754			106,420			1,849
Total debt		$	534,840		$	15,967		$	551,420		$	16,272

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

		For the Three Months Ended
		March 31,
		2019		2018
Effective Interest Rate		5.56	%	5.83	%
Range of Interest Rates (excluding unused commitment fees)		4.99 % to 5.76	%	3.83 % to 8.43	%

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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.

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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.

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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

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