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Indebtedness

9 Months Ended

Sep. 30, 2014

Indebtedness

Debt consisted of the following:



	September 30, 2014		December 31, 2013
Term loan credit facility	$	242,858	$	244,322
Revolving credit facility	50,000		100,000
Total debt	292,858		344,322
Less: Current portion	2,500		2,500
Total long-term debt	$	290,358	$	341,822

Outstanding letters of credit under the revolving credit facility were $90,656 and $109,772 at September 30, 2014 and December 31, 2013, respectively.

Our revolving credit facility contains maintenance financial covenants. At September 30, 2014, we were in compliance with these covenants.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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