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DEBT (Tables)

12 Months Ended

Dec. 31, 2019

Line of Credit Facility

Schedule of components of Long-term debt

		December 31,			December 31,
		2019			2018
Principal amount		$	495,824		$	551,420
Less:  Unamortized debt financing costs			(13,094)			(16,272)
Less: Current portion			(69,747)			(66,320)
Long-term debt, net		$	412,983		$	468,828

Schedule of long-term debt

		December 31, 2019						December 31, 2018
					Unamortized						Unamortized
					Debt Issuance						Debt Issuance
		Principal			Cost			Principal			Cost
$495 Million Credit Facility		$	395,724		$	11,642		$	445,000		$	14,423
$108 Million Credit Facility			100,100			1,452			106,420			1,849
Total debt		$	495,824		$	13,094		$	551,420		$	16,272

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

		For the Years Ended December 31,
		2019		2018		2017
Effective Interest Rate		5.31	%	5.71	%	5.29	%
Range of Interest Rates (excluding unused commitment fees)		4.05 % to 5.76	%	3.83 % to 8.43	%	3.36 % to 7.82	%

Secured Debt | $108 Million Credit Facility

Line of Credit Facility

Scheduled repayment of outstanding debt

Year Ending December 31,		Total
2020		$	6,320
2021			6,320
2022			6,320
2023			81,140
Total debt		$	100,100

Secured Debt | $495 Million Credit Facility

Line of Credit Facility

Scheduled repayment of outstanding debt

Year Ending December 31,		Total
2020		$	63,427
2021			63,427
2022			63,427
2023			205,443
Total debt		$	395,724

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 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.

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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://fasb.org/us-gaap/role/ref/legacyRef
-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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