LONG TERM DEBT AND NOTES PAYABLE TO BANK (Tables)

12 Months Ended

Dec. 31, 2014

Debt Disclosure [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Positions

The following table outlines the notional amounts, in thousands, related to the interest rate swaps as of December 31, 2014:

	Notional Amount	Rate
Swap with KY Bank	$2,361	4.74%

Schedule of Long-term

Our long term debt as of December 31, 2014 and 2013 consisted of the following:

	2014		2013
	(in thousands)
Revolving credit facility of $15.0 million in 2014 with Wells Fargo Bank. See above description for additional details.	$	10,453	$	—
Note payable to Wells Fargo Bank in the original amount of $2.8 million secured by shredder system assets and other Recycling equipment. See above description for additional details.	2,520		—
Revolving credit facility of $15.0 million and $25.0 million in 2014 and 2013 with Fifth Third Bank, retired in 2014.	—		12,755
Note payable to Fifth Third Bank in the original amount of $8.8 million secured by our rental fleet equipment, our shredder system assets, and a crane, retired in 2014.	—		1,495
Note payable to Fifth Third Bank in the original amount of $1.3 million secured by equipment purchased with the proceeds, retired in 2014.	—		298
Loan and Security Agreement payable to Fifth Third Bank in the original amount of $226.9 thousand secured by the equipment purchased with the proceeds, retired in 2014.	—		75
Note payable to Fifth Third Bank in the original amount of $115.0 thousand secured by the equipment purchased with the proceeds, retired in 2014.	—		51
Note payable to the Bank of Kentucky, Inc. in the original amount of $3.0 million secured by all WESSCO assets. See above description for additional details.	2,361		2,910
Revolving credit facility converted to term loan with the Bank of Kentucky, Inc. See above description for additional details.	577		308
	15,911		17,892
Less current maturities	15,911		1,597
	$	—	$	16,295

Schedule of Maturities of Long-term Debt

The annual maturities of long term debt, in thousands, for the next five years and thereafter as of December 31, 2014 are as follows:

2015	$	15,911
2016	—
2017	—
2018	—
2019	—
Total long-term debt	$	15,911