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Debt (Tables)
9 Months Ended
Sep. 30, 2016
Summary of Maturities of Long-Term Debt

Maturities of long-term debt at September 30, 2016 are summarized as follows (in thousands):

 

Term Loan

 

 

Auto Loans

 

 

Total Long Term Debt

 

Remainder of 2016

$

137

 

 

$

24

 

 

$

161

 

2017

 

550

 

 

 

92

 

 

 

642

 

2018

 

550

 

 

 

69

 

 

 

619

 

2019

 

550

 

 

 

36

 

 

 

586

 

2020

 

52,800

 

 

 

5

 

 

 

52,805

 

 

 

54,587

 

 

 

226

 

 

 

54,813

 

Less: Current portion of long-term debt

 

(550

)

 

 

(96

)

 

 

(646

)

Less:  Debt issuance costs, net

 

(1,973

)

 

 

-

 

 

 

(1,973

)

Long-term debt, net

$

52,064

 

 

$

130

 

 

$

52,194

 

 

 

 

Term Loan [Member]  
Carrying Values And Fair Values of Company's Term Loan

The following table presents the carrying values and fair values of the Company’s Term Loan (in thousands):

 

 

 

September 30, 2016

 

 

December 31, 2015

 

 

 

Carrying Value

 

 

Fair Value

 

 

Carrying Value

 

 

Fair Value (1)

 

Term Loan

 

$

54,587

 

 

$

56,035

 

 

$

55,022

 

 

$

55,022

 

Total

 

$

54,587

 

 

$

56,035

 

 

$

55,022

 

 

$

55,022

 

 

(1) The Company entered in to the Term Loan on December 30, 2015, due to the short period of time the loan was outstanding carrying value approximates fair value at December 31, 2015.