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LONG-TERM DEBT AND CAPITAL LEASE (Tables) | 3 Months Ended
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Mar. 31, 2018
Debt Disclosure [Abstract] |
Schedule of Long-Term Debt, Related Discounts and Issuance Costs | Long-term debt, related discounts and issuance costs consist of the following:
(In thousands) | March 31, 2018 |  | December 31, 2017
| (Unaudited) |  |
Senior Secured Notes | $ | 99,750 |  |  | $ | — |
First Lien Term Loan | — |  |  | 41,063 |
Revolving Loan | — |  |  | — |
Second Lien Term Loan | — |  |  | 55,000 |
| 99,750 |  |  | 96,063 |
Less: Discounts and unamortized debt issuance costs | (4,284 | ) |  | (1,497 | )
| 95,466 |  |  | 94,566 |
Less: Current portion of long-term debt | (1,000 | ) |  | (1,000 | )
| $ | 94,466 |  |  | $ | 93,566 |
We are required to maintain a total leverage ratio (as defined below), which measures Consolidated EBITDA (as defined in the indenture) against outstanding debt. We are allowed to deduct up to $15 million of our cash and equivalents (beyond estimated cash utilized in daily operations) in calculating the numerator of such ratio.
Four Fiscal Quarters Ending | Maximum Total Leverage Ratio
March 31, 2018 | 5.75 to 1.00
June 30, 2018 | 5.50 to 1.00
September 30, 2018 | 5.50 to 1.00
December 31, 2018 | 5.25 to 1.00
March 31, 2019 | 5.00 to 1.00
June 30, 2019 | 5.00 to 1.00
September 30, 2019 | 4.75 to 1.00
December 31, 2019 | 4.75 to 1.00
March 31, 2020 | 4.50 to 1.00
June 30, 2020 | 4.50 to 1.00
September 30, 2020 | 4.25 to 1.00
December 31, 2020 | 4.25 to 1.00
March 31, 2021 | 4.25 to 1.00
June 30, 2021 | 4.25 to 1.00
September 30, 2021 and the last day of each fiscal quarter thereafter | 4.00 to 1.00
Debt Instrument Redemption | On or after February 2, 2019, the Company may redeem all or a part of the Notes as set forth below, plus accrued and applicable unpaid interest:
Redemption Periods | Percentage Premium
On February 2, 2019 to February 1, 2020 | 2.0%
On February 2, 2020 to February 1, 2021 | 1.5%
On February 2, 2021 to February 1, 2022 | 0.5%
On or after February 2, 2022 | —%

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- Definition Tabular disclosure of debt instruments or arrangements with redemption features. Includes, but is not limited to, description of debt redemption features, percentage price at which debt can be redeemed by the issuer, and period start and end for debt maturity or redemption. + References No definition available. + Details
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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + 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 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=64930739&loc=d3e28878-108400 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28541-108399 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28551-108399 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644 + Details
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