Annual report pursuant to Section 13 and 15(d)

NOTES PAYABLE AND LONG-TERM DEBT (Tables)

v2.4.1.9
NOTES PAYABLE AND LONG-TERM DEBT (Tables)
 12 Months Ended
Dec. 31, 2014
Repayments of Term Loan B

Repayments of our Term Loan B were as follows:

 

Date Principal Paid Unamortized Discount
(Dollars in Thousands)  
December 31, 2014 $ 4,000     $ 16  
November 28, 2014   4,000       15  
September 29, 2014     5,000       18  
March 31, 2014     2,250       8  
Change in Rate Based on Leverage Ratio
Details of the change in our rate based on our leverage ratio were as follows:
Consolidated Leverage Ratio Base Rate     Eurodollar
Rate Loans		     Applicable Fee
Rate		  
Less than 3.25 to 1.00   0.75 %     2.25 %     0.40 %
Greater than or equal to 3.25 to 1.00 but less than 4.50 to 1.00   0.75 %     2.50 %     0.50 %
Greater than or equal to 4.50 to 1.00 but less than 6.00 to 1.00   1.25 %     3.00 %     0.60 %
Greater than or equal to 6.00 to 1.00     2.25 %     3.50 %     0.75 %
Long-Term Debt

Long-term debt consisted of the following:

 

As of December 31, 2013     As of December 31, 2014  
(Dollars in thousands)  
Term Loan B $ 289,939     $ 274,933  
Revolver   —       1,784  
Capital leases and other loans     854       788  
      290,793       277,505  
Less current portion     (3,121 )     (1,898 )
    $ 287,672     $ 275,607  
Principle Repayment Requirements Under Long Term Agreements Outstanding

Principal repayment requirements under all long-term debt agreements outstanding at December 31, 2014 for each of the next five years and thereafter are as follows:

 

Amount  
For the Twelve Months Ended December 31, (Dollars in thousands)  
2015 $ 1,898  
2016   3,106  
2017     3,114  
2018     3,105  
2019     3,103  
Thereafter     263,179  
    $ 277,505  
Term Loan B [Member]  
Repayments of Term Loan B

We have made prepayments on our Term Loan B, including interest through the date of the as follows:

 

Date Principal Paid     Unamortized Discount  
(Dollars in Thousands)  
December 31, 2014 $ 4,000     $ 16  
November 28, 2014   4,000       15  
September 29, 2014     5,000       18  
March 31, 2014     2,250       8  
December 30, 2013     750       3  
September 30, 2013     4,000       16  
June 28, 2013     4,000       14  


Terminated 95/8% Senior Secured Second Lien Notes [Member]  
Repayments of Term Loan B

Information regarding repurchases and redemptions of the Terminated 95/8% Notes is as follows:

 

Date Principal
Redeemed/Repurchased		     Premium
Paid		     Unamortized
Discount		     Bond Issue
Costs		  
(Dollars in thousands)  
June 3, 2013 $ 903     $ 27     $ 3     $ -  
March 14, 2013   212,597       22,650       837       2,867  
December 12, 2012     4,000       120       17       57  
June 1, 2012     17,500       525       80       287  
December 12, 2011     12,500       375       62       337  
September 6, 2011     5,000       144       26       135  
June 1, 2011     17,500       525       93       472  
December 1, 2010     12,500       375       70       334  
June 1, 2010     17,500       525       105       417  


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 %