Note 5 – Long-Term Debt

Long-term debt, net was comprised of the following:

(In thousands)	June 30, 2017			December 31, 2016
Term Loans	$	144,000		$	150,000
Revolving Credit Facility		27,000			30,000
Capital lease obligations		4,520			1,970
Notes payable		3,202			3,777
Total long-term debt		178,722			185,747
Less: Unamortized debt issuance costs		(1,928	)		(2,305	)
		176,794			183,442
Less: Current portion, net of unamortized debt issuance costs		(15,401	)		(15,752	)
Long-term debt, net	$	161,393		$	167,690

Credit Agreement

As of June 30, 2017, the facilities under the Company’s Credit Agreement with Capital One, National Association (as administrative agent) and the lenders named therein (the “Credit Agreement”) consisted of $160.0 million in senior secured term loans (“Term Loans”) and a $50.0 million Revolving Credit Facility. The facilities mature on July 31, 2020. Borrowings under the Credit Agreement bear interest, at the Company’s option, at either (1) the highest of the federal funds rate plus 0.50%, the Eurodollar rate for a one-month interest period plus 1.00%, or the administrative agent’s prime rate as announced from time to time, or (2) the Eurodollar rate for the applicable interest period, plus in each case, an applicable margin based on the Company’s leverage ratio. For the six months ended June 30, 2017 and 2016, the weighted-average effective interest rate on the Company’s outstanding borrowings under the Credit Agreement was approximately 3.4%.

The Company was in compliance with its financial covenants under the Credit Agreement as of June 30, 2017.