LONG TERM DEBT (Tables)
|12 Months Ended|
Dec. 31, 2020
|Debt Disclosure [Abstract]|
|Schedule of long term debt||
The Company’s long-term debt consists of the following:
(1)Debt issuance costs related to the Company’s revolving credit facility of $6.5 million and $9.8 million as of December 31, 2020 and 2019, are recorded in “Other Noncurrent Assets, Net” in the balance sheets. During the years ended December 31, 2020 and 2019, the Company recorded a $1.5 million and zero write-off of debt issuance costs as a result of the reduction in the borrowing base under the Revolving Credit Facility.
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.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef