LONG-TERM DEBT (Tables)

9 Months Ended

Sep. 30, 2017

Schedule of long term debt

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

	2017		2016
Senior debt
Line of credit	$	—	$	6,858
Term loan facility		348,462		—
Senior term loan		—		125,682
Equipment term loans		82,668		111,882
Real estate term loan		—		13,772
Capital leases		4,540		13,818
		435,670		272,012
Less current portion		(26,514)		(52,665)
Less unamortized debt issuance costs		(13,315)		(4,117)
Long-term portion		395,841		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	$	395,841	$	281,673

Future principal payments on long-term debt

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

	Term Loan Facility		Equipment Term Loans		Capital Leases		Total
2017	$	3,485	$	20,875	$	2,387	$	26,747
2018		3,485		20,802		1,410		25,697
2019		3,485		17,226		822		21,533
2020		3,485		11,516		152		15,153
2021		3,485		5,037		61		8,583
Thereafter		331,037		7,212		81		338,330
Total minimum lease payments						4,913
Loan amount attributable to interest						(373)		(373)
Total (Present value of minimum lease payments on capital leases)	$	348,462	$	82,668		4,540	$	435,670
Less current portion						(2,154)
Long-term capital leases					$	2,386

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	%