LONG-TERM DEBT (Tables)
|9 Months Ended|
Sep. 30, 2020
|Debt Disclosure [Abstract]|
|Schedule of long-term debt instruments||
The Company’s long-term debt consists of the following:
(1)Debt issuance costs related to the Company’s revolving credit facility of $6.9 million and $9.8 million as of September 30, 2020 and December 31, 2019, respectively, are recorded in “Other Noncurrent Assets, Net” on the balance sheets. During the three and nine month periods ended September 30, 2020, the Company recorded a $1.5 million 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