DEBT

As of June 30, 2012 the Company’s long-term debt consisted of the following obligations (in thousands):



Revolving credit facility	$	30,000
Senior unsecured notes	225,000
Capital leases	2,446
	257,446
Less - obligations maturing within one year	31,230
Long term debt - net of current portion	$	226,216

As of June 30, 2012, the carrying amount of the Company's senior unsecured notes was $225.0 million, and the estimate of the fair value of the senior unsecured notes, based on current market rates for debt of the same risk and maturities, was $259.7 million. The estimated fair value was calculated using level 3 inputs and was based on current market rates for debt of the same risk and maturities.

As of June 30, 2012, borrowings under the Company's senior secured revolving credit facility include debt having variable interest rates totaling $30.0 million. The Company believes the carrying value of the debt under the senior secured revolving credit facility approximates fair market value.