LONG-TERM DEBT (Tables)

6 Months Ended

Jun. 30, 2017

Schedule of long term debt

Long-term debt consists of the following at June 30, 2017 and December 31, 2016 (in thousands):

	2017		2016
Senior debt
Line of credit	$	—	$	6,858
Term loan facility		288,776		—
Senior term loan		—		125,682
Equipment term loans		66,470		111,882
Real estate term loan		—		13,772
Capital leases		5,105		13,818
		360,351		272,012
Less current portion		(21,520)		(52,665)
Less unamortized debt issuance costs		(13,707)		(4,117)
Long-term portion		325,124		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	$	325,124	$	281,673

Future principal payments on long-term debt

Future principal payments on long-term debt as of June 30, 2017 are as follows (in thousands):

	Senior Debt		Equipment Debt		Capital Leases		Total
2017	$	2,895	$	16,294	$	2,335	$	21,524
2018		2,895		16,834		1,893		21,622
2019		2,895		14,214		1,152		18,261
2020		2,895		8,710		196		11,801
2021		2,895		4,134		119		7,148
Thereafter		274,301		6,284		177		280,762
Total minimum lease payments						5,872
Loan amount attributable to interest						(767)		(767)
Total (Present value of minimum lease payments on capital leases)	$	288,776	$	66,470		5,105	$	360,351
Less current portion						(2,331)
Long-term capital leases					$	2,774

Revolving credit facility

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	%