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Long-Term Debt (Tables)
6 Months Ended
Jun. 30, 2015
Long Term Debt  
Schedule of long-term debt

 

 

Long-term debt consisted of the following (dollars in thousands):

 

 

 

Interest Rate

 

 

 

 

 

 

 

 

 

at June 30,

 

Final

 

June 30,

 

December 31,

 

 

 

2015

 

Maturity

 

2015

 

2014

 

 

 

 

 

 

 

 

 

 

 

Term loan

 

5.00

%

June 6, 2019

 

$

294,638

 

$

296,138

 

Original issue discount

 

 

 

 

 

(3,331

)

(3,715

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

291,307

 

292,423

 

Current

 

 

 

 

 

3,000

 

3,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Noncurrent

 

 

 

 

 

$

288,307

 

$

289,423

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of annual requirements for principal payments on long-term debt

 

The annual requirements for principal payments on long-term debt as of June 30, 2015 are as follows (dollars in thousands):

 

Years ended December 31,

 

 

 

2015 (remainder of year)

 

$

1,500 

 

2016

 

3,000 

 

2017

 

3,000 

 

2018

 

3,000 

 

2019

 

284,138 

 

 

 

 

 

 

 

 

 

 

 

$

294,638