Long-Term Obligations (Tables)

3 Months Ended

Mar. 31, 2017

Debt Disclosure [Abstract]

Schedule of Long-Term Debt Instruments

Long-term obligations consisted of the following at March 31, 2017 and December 31, 2016 (in thousands):

		March 31, 2017			December 31, 2016
Senior term notes	Principal amount	$	863,500		$	869,000
	Less unamortized debt issuance costs	(2,448		)	(2,605		)
	Senior term notes less unamortized debt issuance costs, secured by assets, variable interest rate (2.51% and 2.28% at March 31, 2017 and December 31, 2016, respectively) (1)	$	861,052		$	866,395
Revolving credit	Principal amount	$	445,000		$	400,000
	Less unamortized debt issuance costs	(3,866		)	(4,093		)
	Revolving line of credit less unamortized debt issuance costs, secured by assets, variable interest rate (2.49% and 2.28% at March 31, 2017 and December 31, 2016, respectively) (1)	$	441,134		$	395,907
Secured seller note	Notes payable matures in 2017, secured by assets and stock of certain subsidiaries, with interest rate of 10.0%	230			230
	Other Debt	1,819			1,801
	Total debt obligations	1,304,235			1,264,333
	Capital lease obligations	82,249			83,384
		1,386,484			1,347,717
	Less — current portion	(43,877		)	(38,320		)
		$	1,342,607		$	1,309,397

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⁽¹⁾  Notes payable and the revolving line of credit at March 31, 2017 will mature in 2021 under the New Senior Credit Facility.

Schedule of Percentage Margin for Eurodollar Rate Loans and Commitment Fee

Each of the aforementioned margins remain applicable until the date of delivery of the compliance certificate and the financial statements, for the period ended March 31, 2017, at which time the applicable margin will be determined by reference to the leverage ratio in effect from time to time as set forth in the following table:

6. Long-Term Obligations, continued

Pricing Tier	Consolidated Leverage Ratio	Applicable Margin for Eurodollar Loans/Letter of Credit Fees		Applicable Margin for Base Rate Loans		Commitment Fee
1	≥ 3.50:1.00	2.00	%	1.00	%	0.40	%
2	< 3.50:1.00 and ≥ 2.75:1.00	1.75	%	0.75	%	0.35	%
3	< 2.75:1.00 and ≥ 1.75:1.00	1.50	%	0.50	%	0.30	%
4	< 1.75:1.00 and ≥ 1.00:1.00	1.25	%	0.25	%	0.25	%
5	< 1.00:1.00	1.00	%	—	%	0.25	%

Schedule of Principal Payments for Senior Term Notes

The following table sets forth the scheduled principal payments for our senior credit facility (in thousands):

	2017		2018		2019		2020		2021		Thereafter
Senior term notes	$	27,500	$	44,000	$	55,000	$	77,000	$	660,000	$	—
Revolving loans	—		—		—		—		445,000		—
	$	27,500	$	44,000	$	55,000	$	77,000	$	1,105,000	$	—