NOTE 4: LONG-TERM OBLIGATIONS

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

	Final Maturity Date	Weighted- Average Interest Rate (1)	September 30, 2015			December 31, 2014
Senior secured term loan	August 2020	4.50%	$	368,126		$	296,250
Senior secured revolving loan	August 2018	4.44%	7,000			—
Capital leases	August 2021	4.64%	14,335			3,177
Notes payable	September 2017	2.20%	9,464			12,895
Acquisition-related liabilities	n/a	n/a	—			1,159

Total long-term obligations, including current portion			398,925			313,481

Current maturities of long-term obligations
Senior secured term loan			(3,650		)	(3,574		)
Capital leases			(3,949		)	(2,749		)
Notes payable			(4,680		)	(4,593		)
Acquisition-related liabilities			—			(43		)

Total Current maturities of long-term obligations			(12,279		)	(10,959		)

Total Long-term obligations			$	386,646		$	302,522

(1)

Weighted average interest rate as of September 30, 2015.

Credit Agreement

As of September 30, 2015, we have a $475 million senior secured credit facility consisting of a $100 million senior secured revolving loan commitment, maturing in August 2018, and a $375 million amortizing 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.

On April 30, 2015, we entered into the Third Amendment to the Credit Agreement (the “Third Amendment”), which increased the borrowings outstanding under the senior secured term loan by an aggregate principal amount of $75 million. The Third Amendment provides for repayment of borrowings outstanding under the senior secured term loan in 21 quarterly payments of principal of $0.9 million, commencing on June 30, 2015, with the remaining principal balance of the term loan due upon the maturity date in August 2020.

As of September 30 2015, we had $0.9 million in letters of credit outstanding that reduce the available borrowing capacity under the senior secured revolving loan.

The following table summarizes maturities of long-term obligations as of September 30, 2015, that have materially changed from those disclosed in Note 5 to the consolidated financial statements included in our 2014 Form 10-K.

(in thousands)

	Credit		Capital
Year Ending December 31,	Agreement		Leases
2015 (From October 1, 2015 to December 31, 2015)	$	913	$	1,085
2016	3,650		3,777
2017	3,650		3,403
2018	10,650		2,571
2019	3,650		1,807
Thereafter	352,613		1,692

Total	$	375,126	$	14,335