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Long-term Debt (Tables)
 3 Months Ended
Mar. 31, 2020
Debt Disclosure [Abstract]  
Schedule of Company's Long-term Debt
The balance of the Notes as of March 31, 2020 and December 31, 2019 was as follows:
 
 
 
As of
 
 
 
March 31, 2020
(In thousands, except interest rates)
Stated Interest Rate
Effective Interest Rate
Face Value
Issuance Discount
Deferred Financing Costs
Net Carrying Value
Initial Notes, due January 16, 2022
12.0%
18.8%
$
153,500

$
(13,185
)
$
(2,448
)
$
137,867

Option Notes, due January 16, 2022
12.0%
14.9%
50,500

(2,114
)
(138
)
48,248

Total
 
 
$
204,000

$
(15,299
)
$
(2,586
)
$
186,115

 
 
 
As of
 
 
 
December 31, 2019
(In thousands, except interest rates)
Stated Interest Rate
Effective Interest Rate
Face Value
Issuance Discount
Deferred Financing Costs
Net Carrying Value
Initial Notes, due January 16, 2022
12.0%
18.8%
$
153,500

$
(14,703
)
$
(2,706
)
$
136,091

Option Notes, due January 16, 2022
12.0%
14.9%
50,500

(2,365
)
(151
)
47,984

Total
 
 
$
204,000

$
(17,068
)
$
(2,857
)
$
184,075


The balance of the Secured Term Note as of March 31, 2020 and December 31, 2019 was as follows:
 
 
 
 
 
As of
 
 
 
 
 
March 31, 2020
(In thousands, except interest rates)
Stated Interest Rate
 
Effective Interest Rate
 
Face Value
 
Deferred Financing Costs
 
Net Carrying Value
Secured Term Note
9.75%
 
12.8%
 
$
13,000

 
$
(590
)
 
$
12,410

 
 
 
 
 
As of
 
 
 
 
 
December 31, 2019
(In thousands, except interest rates)
Stated Interest Rate
 
Effective Interest Rate
 
Face Value
 
Deferred Financing Costs
 
Net Carrying Value
Secured Term Note
9.75%
 
12.2%
 
$
13,000

 
$
(537
)
 
$
12,463
Future Minimum Payments Related to Financing Obligations Under Failed Sale Leaseback
Future minimum payments related to the financing obligations under the failed sale-leaseback transaction as of March 31, 2020 are summarized below:
 
(In thousands)
Remainder of 2020
$
1,685

2021
1,422

Total
$
3,107