NOTE 2: LONG-TERM OBLIGATIONS

The following is a summary of long-term obligations outstanding (dollars in thousands):

	Final Maturity Date	Weighted- Average Interest Rate (1)	March 31, 2015			December 31, 2014
Senior secured term loan	August 2020	4.5%	$	294,951		$	296,250
Senior revolving loan	August 2018	n/a	—			—
Capital leases	January 2019	3.0%	3,129			3,177
Notes payable	September 2017	2.2%	11,746			12,895
Acquisition-related liabilities	May 2021	n/a	1,208			1,159
Total long-term obligations, including current portion			311,034			313,481
Current maturities of long-term obligations
Senior secured term loan			(2,900		)	(3,574		)
Capital leases			(2,747		)	(2,749		)
Notes payable			(4,611		)	(4,593		)
Acquisition-related liabilities			(43		)	(43		)
Total Current maturities of long-term obligations			(10,301		)	(10,959		)
Total Long-term obligations			$	300,733		$	302,522

(1)

Weighted average interest rate as of March 31, 2015.

Credit Agreement

As of March 31, 2015, we have a $400 million senior secured credit facility consisting of a $100 million senior revolving loan commitment, maturing in August 2018, and a $300 million senior secured term loan, maturing in August 2020 (the “Credit Agreement”).

On January 26, 2015, we entered into the Second Amendment to the Credit Agreement (the “Second Amendment”), which increased the senior secured term loan interest rate options by 25 basis points to the following: (1) 2.75% plus prime rate subject to a 1.75% floor; or (2) 3.75% plus one, two, three or six month LIBOR subject to a 0.75% LIBOR floor, for an aggregate floating rate floor of 4.50% The Second Amendment also amended the definition of “Applicable Margin” increasing the margin determined by reference to our consolidated net leverage ratio (as defined in the Credit Agreement) for purposes of calculating the interest rate for base rate loans, Eurodollar loans and the fee applicable to letters of credit as specified therein. In addition, the Second Amendment amended the definitions of “Consolidated EBITDA”, “Consolidated Net Income” and “Excess Cash Flow” to permit us to add back the additional following charges: (1) severance and reorganization costs and expenses incurred during any trailing twelve month period that includes a fiscal quarter ending on or after January 1, 2014, and on or prior to December 31, 2014; and (2) certain fees, costs and expenses incurred by us in connection with our previously announced review of certain strategic and financial alternatives, including potential proxy contests.

As of March 31, 2015, we had $1.7 million in letters of credit outstanding that reduce the available borrowing capacity under the senior revolving loan.