8.	LONG-TERM DEBT

The Company (through a subsidiary) had an outstanding Bond financing with the Development Authority of Jefferson, Georgia (the “Authority”). The Bonds were issued by the Authority and purchased by GE Government Finance Inc., and were to mature on October 1, 2018. The proceeds from the Bond were used to finance capital equipment purchased for the Company’s distribution facility located in Jefferson, Georgia. The purchase and installation of the equipment for the facility was completed by December 31, 2011. Pursuant to the transaction, the Company transferred to the Authority, for consideration consisting of the Bond proceeds, ownership of the equipment and the Authority leased the equipment to the Company’s subsidiary pursuant to a capital equipment lease expiring October 1, 2018. Under the capital equipment lease, the Company has the right to acquire ownership of the equipment at any time for a purchase price sufficient to pay off all principal and interest on the Bonds, plus $1.00. The Company exercised this right in November 2015 paying off all outstanding principal plus $1.00 and acquired title to all of the capital equipment. This facility was paid off in November 2015.

Long-term debt consists of (in millions):

	December 31,
	2015		2014
Warehouse capitalized equipment lease	$	-	$	2.2
Other capitalized equipment lease		1.0		1.7
Subtotal		1.0		3.9
Less: current portion		0.6		2.8
	$	0.4	$	1.1

The aggregate maturities of long-term debt outstanding at December 31, 2015 are as follows (in millions):

		2016				2017				2018
Maturities		$	0.6			$	0.3			$	0.1