Long-term debt at March 31, 2012 and December 31, 2011 was comprised of the following (in thousands):

		March 31,		December 31,
		2012		2011

Revolving credit agreement		$	342,500	$	351,000
Fixed rate senior secured notes			75,000		75,000
Other debt			18,184		20,052
Capitalized lease arrangements			11,874		12,711

			447,558		458,763
Less current portion			10,139		10,800

	Long-term debt	$	437,419	$	447,963

At March 31, 2012, the Company's revolving credit agreement permitted the Company to borrow up to $450,000,000 to, among other things, finance its acquisition and development projects and any future stock repurchase programs at an interest rate equal to, at the Company's option, the base rate plus 0.75% to 1.75% or LIBOR plus 1.75% to 2.75%, or a combination thereof; provides for a fee of 0.20% to 0.50% of unused commitments; and contains certain covenants relating to the ratio of debt to operating performance measurements, interest coverage ratios and minimum net worth. Borrowings under the revolving credit agreement will mature in April 2016 and are secured primarily by a pledge of the stock of our wholly-owned subsidiaries and our partnership and membership interests in the limited partnerships and limited liability companies. The Company was in compliance with all covenants contained in the revolving credit agreement at March 31, 2012.

The Company's $75,000,000 of 6.04% fixed rate senior secured notes are pari passu with the indebtedness under the Company's revolving credit facility and require payment of principal beginning in August 2013 and are set to mature on May 28, 2020. The note purchase agreement governing the senior secured notes contains covenants similar to the covenants in the revolving credit agreement. The Company was in compliance with all covenants contained in the note purchase agreement at March 31, 2012.