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Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2015
Debt Instruments [Abstract]  
Components of Long-Term Debt

Long-term debt consisted of the following:

 

 

 

 

 

December 31, 2015

 

 

December 31, 2014

 

 

(In thousands)

 

Maturity Date

 

Amount

Outstanding

 

 

Interest

Rate

 

 

Amount

Outstanding

 

 

Interest

Rate

 

 

Senior secured notes - $53.5 million

 

December 30, 2029

 

$

44,512

 

 

 

7.25

%

 

$

46,291

 

 

 

7.25

%

 

Senior secured notes - $110.0 million

 

September 30, 2030

 

 

101,627

 

 

 

6.47

%

 

 

105,622

 

 

 

6.47

%

 

Senior secured notes - $25.0 million

 

December 30, 2020

 

 

18,750

 

 

 

8.50

%

 

 

20,000

 

 

 

8.50

%

 

Senior secured notes - $60.0 million

 

June 20, 2018

 

 

60,000

 

 

 

5.04

%

 

 

60,000

 

 

 

5.04

%

 

Senior secured notes - $400.0 million

 

December 3, 2025

 

 

400,000

 

 

 

3.86

%

 

 

 

 

N/A

 

 

Senior secured credit facilities -

   $407.0 million

 

June 20, 2018

 

 

 

 

N/A

 

 

 

397,843

 

 

 

2.42

%

*

Total long-term debt

 

 

 

 

624,889

 

 

 

 

 

 

 

629,756

 

 

 

 

 

 

Less current portion of long-term debt

 

 

 

 

(7,423

)

 

 

 

 

 

 

(19,234

)

 

 

 

 

 

Debt classified as long-term debt

 

 

 

$

617,466

 

 

 

 

 

 

$

610,522

 

 

 

 

 

 

 

*

Interest based on LIBOR at December 31, 2014 plus an applicable margin.

Schedule of Maturities of Long-Term Debt

Future maturities of long-term debt are as follows for the years ended December 31:

 

(In thousands)

 

Total

 

2016

 

$

7,423

 

2017

 

 

7,849

 

2018

 

 

68,305

 

2019

 

 

8,792

 

2020

 

 

21,813

 

Thereafter

 

 

510,707

 

Total

 

$

624,889