Quarterly report pursuant to Section 13 or 15(d)

LONG-TERM DEBT (Tables)

v3.7.0.1
LONG-TERM DEBT (Tables)
 3 Months Ended
Mar. 31, 2017
Long-Term Debt
Long-term debt consisted of the following:
 
 
 
December 31, 2016
 
March 31, 2017
 
 
 
(Dollars in thousands)
 
Term Loan B principal amount
 
$
263,000
 
$
258,000
 
Less unamortized discount and debt issuance costs based on an imputed interest rate of 4.78%
 
 
(2,371)
 
 
(2,149)
 
Term Loan B net carrying value
 
 
260,629
 
 
255,851
 
Revolver
 
 
477
 
 
1,228
 
Capital leases and other loans
 
 
568
 
 
535
 
 
 
 
261,674
 
 
257,614
 
Less current portion
 
 
(590)
 
 
(2,095)
 
 
 
$
261,084
 
$
255,519
 
Principle Repayment Requirements Under Long Term Agreements Outstanding
Principal repayment requirements under all long-term debt agreements outstanding at March 31, 2017 for each of the next five years and thereafter are as follows:
 
 
 
Amount
 
For the Twelve Months Ended March 31,
 
(Dollars in
thousands)
 
2018
 
$
2,095
 
2019
 
 
3,101
 
2020
 
 
252,205
 
2021
 
 
110
 
2022
 
 
103
 
Thereafter
 
 
—
 
 
 
$
257,614
 
Term Loan B And Revolving Credit Facility [Member]  
Change in Rate Based on Leverage Ratio
 
 
 
 
Revolver Pricing
 
Pricing Level
 
Consolidated Leverage Ratio
 
Base Rate Loans
 
LIBOR Loans
 
1
 
Less than 3.00 to 1.00
 
 
1.250%
 
 
2.250%
 
2
 
Greater than or equal to 3.00 to 1.00 but less than 4.00 to 1.00
 
 
1.500%
 
 
2.500%
 
3
 
Greater than or equal to 4.00 to 1.00 but less than 5.00 to 1.00
 
 
1.750%
 
 
2.750%
 
4
 
Greater than or equal to 5.00 to 1.00 but less than 6.00 to 1.00
 
 
2.000%
 
 
3.000%
 
5
 
Greater than or equal to 6.00 to 1.00
 
 
2.500%
 
 
3.500%
 
Term B Loan [Member]  
Repayments of Term Loan B
We made the following payments or prepayments of the Term Loan B during the year ending December 31, 2016 and the three month period ending March 31, 2017, including interest through the payment date as follows:
 
Date
 
Principal Paid
 
Unamortized Discount
 
 
 
(Dollars in Thousands)
 
February 28, 2017
 
$
3,000
 
$
6
 
January 30, 2017
 
 
2,000
 
 
5
 
December 30, 2016
 
 
5,000
 
 
12
 
November 30, 2016
 
 
1,000
 
 
3
 
September 30, 2016
 
 
1,500
 
 
4
 
September 30, 2016
 
 
750
 
 
—
 
June 30, 2016
 
 
441
 
 
1
 
June 30, 2016
 
 
750
 
 
—
 
March 31, 2016
 
 
750
 
 
—
 
March 17, 2016
 
 
809
 
 
2