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Long-Term Debt
9 Months Ended
Sep. 30, 2017
Debt Disclosure [Abstract]  
Long-Term Debt

9. Long-Term Debt

The components of long-term debt obligations are presented in the table below:

 

 

 

September 30,

 

 

December 31,

 

 

 

2017

 

 

2016

 

2022 Notes

 

$

300,000

 

 

$

300,000

 

Senior Bank Credit Facility

 

 

165,000

 

 

 

70,000

 

Total debt

 

 

465,000

 

 

 

370,000

 

Less: deferred debt issue costs

 

 

(3,905

)

 

 

(4,472

)

Long-term debt, net

 

$

461,095

 

 

$

365,528

 

 

The Company has classified the borrowings under the Company’s Senior Bank Credit Facility as long-term debt in the accompanying Condensed Consolidated Balance Sheets as amounts due under the credit agreement entered into as of June 26, 2015, which expires on June 26, 2020, are not contractually required or expected to be liquidated for more than one year from the applicable balance sheet date. Additionally, $0.7 million of the borrowing limit was utilized for letters of credit as of September 30, 2017.