Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2014

Long-Term Debt [Abstract]

Long-Term Debt

Long-term debt consists of the following:  

	December 31,
	2014		2013
Revolver under prior credit agreement	$	680,000	$	727,100
Prior term loan agreement		660,000		700,000
2015 Notes		175,000		175,000
2016 Notes		100,000		100,000
2018 Notes		50,000		50,000
2019 Notes		175,000		175,000
2021 Notes		100,000		100,000
Tax-exempt bonds		31,430		33,030
Notes payable to sellers and other third parties, bearing interest at 2.5% to 10.9%, principal and interest payments due periodically with due dates ranging from 2015 to 2036		8,135		12,845
		1,979,565		2,072,975
Less – current portion		(3,649)		(5,385)
	$	1,975,916	$	2,067,590

Tax-Exempt Bond Financing

The Company’s tax-exempt bond financings are as follows: 

	Type of	Interest Rate on Bond at December 31,	Maturity Date of	Outstanding Balance at December 31,				Backed by Letter of Credit
Name of Bond	Interest Rate	2014	Bond	2014		2013		(Amount)
Tehama Bond	Variable	-%	June 1, 2014	$	-	$	205	$	-
San Jose Bond – Series 2001A	Variable	-	September 1, 2016		-		1,395		-
West Valley Bond	Variable	0.09	August 1, 2018		15,500		15,500		15,678
LeMay Washington Bond	Variable	0.07	April 1, 2033		15,930		15,930		16,126
				$	31,430	$	33,030	$	31,804

Aggregate Contractual Future Principal Payments by Calendar Year on Long-Term Debt

As of December 31, 2014, aggregate contractual future principal payments by calendar year on long-term debt are due as follows: 

2015 *	$	3,649
2016		101,537
2017		660,437
2018		920,918
2019		175,411
Thereafter		117,613
	$	1,979,565

______________________

*The Company has recorded the 2015 Notes in the 2018 category in the table above as the Company has the intent and ability to redeem the 2015 Notes on October 1, 2015 using borrowings under its credit agreement