Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

v3.19.3.a.u2
Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]  
Summary of Lease Exit Accruals
  (In thousands)
Balance at December 31, 2018 $ 4,634   
Effect of adoption of ASC 842, “Leases”
 (4,634)  
Balance at December 31, 2019 $ —   
Financial Covenants Related to Amended Subordination and Guaranty Agreement
Many of our facility operating leases are subject to affirmative and financial covenant provisions related to a subordination and guaranty agreement executed with the landlord of many of our facility properties. The required financial covenants related to certain lease agreements are as follows:
  Covenant
  Minimum Consolidated Liquidity Ratio Minimum Consolidated Fixed Charge Coverage Ratio Maximum Consolidated Total Lease Adjusted Leverage Ratio Minimum EBTDAR to Rent Ratio
Required ratio 1.05    1.20    5.75    1.50   
December 31, 2019 actual 1.11    1.60    3.21    5.57