Notes Payable and Other Indebtedness

12 Months Ended

Dec. 31, 2015

The Company issued promissory notes as well as other forms of indebtedness in connection with certain acquisitions and other payment obligations. These are due in varying installments, carry varying interest rates and, in aggregate, amounted to $1.2 million at December 31, 2015, and $1.3 million at December 31, 2014. At December 31, 2015, $1.2 million of the notes were collateralized by a standby letter of credit. The following table shows the schedule of maturities for notes payable and other indebtedness at December 31, 2015 (in thousands):



2016	$	153
2017	167
2018	183
2019	200
2020	218
Thereafter	239
	$	1,160

At December 31, 2015, the notes carried fixed rates and the weighted average interest rate for the above was 9.0% for each of the years ended December 31, 2015, 2014 and 2013.

The Company has an uncommitted letter of credit facility (the “facility”) of up to $35.0 million, which is available to cover the issuance of debt support standby letters of credit. The Company had used $13.5 million in debt support standby letters of credit as of December 31, 2015 and $16.6 million as of December 31, 2014. Of the debt support standby letters of credit outstanding, $12.3 million as of December 31, 2015 and $15.3 million as of December 31, 2014, satisfies workers’ compensation insurer’s collateral requirements. There is a service fee of 1.125% on the used portion of the facility. The facility is subject to certain financial covenants and expires on August 31, 2016. The Company intends to renew this facility prior to its August 31, 2016 expiration.