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Long-Term Debt
9 Months Ended
Sep. 30, 2015
Debt Disclosure [Abstract]  
Long-Term Debt
Long-Term Debt
 
Our long-term debt obligations were as follows:
 
 
 
September 30,
 
December 31,
In thousands
 
2015
 
2014
2013 Revolving Credit Facility ($66.3 million capacity), due August 16, 2016
 
 
 
 
 
Various interest rates based on Eurodollar rate (effective rate of 2.44% at September 30, 2015)
 
$

 
$

 
Various interest rates based on the highest of (a) the Agent’s prime rate, (b) the Federal Funds Rate plus 0.50% per annum, (c) Eurodollar rate plus 1.00% per annum, plus a spread which is determined based on our total debt-to-EBITDA ratio then in effect (effective rate of 4.5% at September 30, 2015)
 
7,000

 

2011 Term Loan Facility, various interest rates based on LIBOR (effective rate of 2.19% at September 30, 2015), due August 16, 2016
 
68,906

 
82,687

Total debt
 
75,906

 
82,687

Less current maturities
 
75,906

 
18,375

Total long-term debt
 
$

 
$
64,312


 
The carrying values and estimated fair values of our outstanding debt were as follows:
 
September 30,
2015
 
December 31,
2014
In thousands
Carrying
Value
 
Fair Value
 
Carrying
Value
 
Fair Value
Total Debt
$
75,906

 
$
75,906

 
$
82,687

 
$
82,687


 
The estimated fair values were calculated using current rates provided to us by our lenders for debt of the same remaining maturity and characteristics. These current rates are considered Level 2 inputs under the fair value hierarchy established by ASC 820, Fair Value Measurement.