Schedule of credit facilities and long-term debt |
|
|
2013 |
|
2012 |
|
|
|
|
|
|
|
Commercial equipment notes payable to various commercial equipment finance companies and banks with interest rates that range from 1.78% to 3.67% per annum. Monthly principal and interest payments are due in the amount of $2,520 per month until the maturity dates, which range from November 30, 2016 to December 13, 2020. The notes are secured by certain construction equipment of the Company |
|
$ |
132,495 |
|
$ |
97,813 |
|
|
|
|
|
|
|
Commercial note payable to a commercial equipment finance company, with an interest rate of 2.22% per annum. Principal and interest payments are due in the amount of $63 per month until the maturity date on April 16, 2020, with a balloon payment of $2,190 due at maturity. The note is secured by certain transportation equipment of the Company |
|
6,198 |
|
— |
|
|
|
|
|
|
|
Construction note payable to a commercial equipment finance company, with an interest rate of 3.51% per annum. Principal and interest payments are due in the amount of $44 per month until the maturity date on December 21, 2019, with a balloon payment of $3,678 due at maturity. The note is secured by certain real estate of the Company |
|
5,833 |
|
— |
|
|
|
|
|
|
|
Senior Secured Notes payable to an insurance finance company, with an interest rate of 3.65% per annum. Quarterly interest payments began March 31, 2013. Principal repayments start on December 28, 2016 until the maturity date on December 28, 2022. The notes are secured by the assets of the Company |
|
50,000 |
|
50,000 |
|
|
|
|
|
|
|
Senior Secured Notes payable to an insurance finance company, with an interest rate of 3.85% per annum. Quarterly interest payments began October 25, 2013. Principal repayments start on July 25, 2017 until the maturity date on July 25, 2023. The notes are secured by the assets of the Company |
|
25,000 |
|
— |
|
|
|
|
|
|
|
|
|
219,526 |
|
147,813 |
|
Less: current portion |
|
(28,475 |
) |
(19,446 |
) |
Long-term debt, net of current portion |
|
$ |
191,051 |
|
$ |
128,367 |
|
|
Schedule of maturities of long-term debt |
|
|
Year Ending
December 31, |
|
2014 |
|
$ |
28,475 |
|
2015 |
|
29,128 |
|
2016 |
|
36,423 |
|
2017 |
|
31,198 |
|
2018 |
|
27,088 |
|
Thereafter |
|
67,214 |
|
|
|
$ |
219,526 |
| |