LONG-TERM DEBT (Tables)

3 Months Ended

Mar. 31, 2017

Schedule of long term debt

Long-term debt consists of the following at March 31, 2017 and December 31, 2016 (in thousands):

	2017		2016
Senior debt
Revolving line of credit	$	—	$	6,858
Term loan facility		250,000		—
Senior term loan		—		125,682
Equipment term loans		39,433		111,882
Real estate term loan		—		13,772
Capital leases		5,317		13,818
		294,750		272,012
Less current portion		(14,131)		(52,665)
Less unamortized debt issuance costs		(14,153)		(4,117)
Long-term portion		266,466		215,230
Subordinated debt
Main Street Capital Corporation		—		21,660
Prudential Capital Partners		—		21,492
LST Seller notes		—		22,000
DTR Seller notes		—		1,000
BHE Seller notes		—		291
Total subordinated debt		—		66,443
Total long-term debt	$	266,466	$	281,673

Future principal payments on long-term debt

Future principal payments on long-term debt as of March 31, 2017 are as follows (in thousands):

	Senior Debt		Equipment Debt		Capital Leases		Total
2017	$	2,500	$	9,359	$	2,450	$	14,309
2018		2,500		9,696		1,845		14,041
2019		2,500		9,365		1,097		12,962
2020		2,500		5,138		306		7,944
2021		2,500		1,825		53		4,378
Thereafter		237,500		4,050		—		241,550
Total minimum lease payments						5,751
Loan amount attributable to interest						(434)		(434)
Total (Present value of minimum lease payments on capital leases)	$	250,000	$	39,433		5,317	$	294,750
Less current portion						(2,272)
Long-term capital leases					$	3,045

Revolving line of credit

Schedule of adjustment for margin of line of credit and senior term loan corresponding to fixed charge coverage ratio.

Fixed Charge Coverage Ratio	Base Rate Margins		LIBOR Rate Margins
Less than 1.25 to 1.00	2.25	%	3.25	%
Greater than or equal to 1.25 to 1.00, but less than 1.50 to 1.00	1.75	%	2.75	%
Greater than or equal to 1.50 to 1.00, but less than 1.75	1.25	%	2.25	%
Greater than or equal to 1.75 to 1.00	0.75	%	1.75	%

Old Line of Credit and PNC Term Loan

Schedule of adjustment for margin of line of credit and senior term loan corresponding to fixed charge coverage ratio.

	Base Rate Margins				LIBOR Rate Margins
Fixed Charge Coverage Ratio	Line of Credit		Senior Term Loan		Line of Credit		Senior Term Loan
Less than 1.25 to 1.00	2.25	%	3.00	%	3.25	%	4.00	%
Greater than or equal to 1.25 to 1.00, but less than 1.50 to 1.00	1.75	%	2.50	%	2.75	%	3.50	%
Greater than or equal to 1.50 to 1.00, but less than 1.75	1.25	%	2.00	%	2.25	%	3.00	%
Greater than or equal to 1.75 to 1.00	0.75	%	1.50	%	1.75	%	2.50	%