Long-term Debt (Tables)

6 Months Ended

Jun. 30, 2017

The following table is a summary of long-term debt obligations, net (in thousands):



Obligations (in thousands)	June 30, 2017			December 31, 2016
Senior secured second-priority lien notes (maturing December 15, 2021)	$	120,569		$	120,569
Senior secured third-priority lien notes (maturing May 15, 2018)	28,497			28,497
Revolving line of credit (maturing August 22, 2019)	10,000			10,000
Equipment capital leases	1,365			3,446
Other debt	341			1,415
Costs associated with issuances of debt ⁽¹⁾	(4,583		)	(5,137		)
Total	156,189			158,790
Current portion of long-term debt and lease obligations ⁽²⁾	(39,983		)	(14,581		)
Non-current portion of long-term debt and lease obligations	$	116,206		$	144,209

⁽¹⁾

Represents debt issuance costs presented as a direct deduction from the carrying amount of the debt liability associated with the Senior Secured second-priority and senior secured third-priority lien notes. These amounts do not include $0.7 million and $1.2 million of debt issuance costs associated with the Revolving Credit Facility as of June 30, 2017 and December 31, 2016 respectively, which are included within other assets on the balance sheet.


⁽²⁾	Includes $28.5 million Senior secured third-priority lien notes reclassified from long-term to current during the second quarter 2017.

Debt Instrument Redemption

On or after December 15, 2019, the Company may on one or more occasions redeem all or a part of the Second Lien Notes at the redemption prices set forth below, plus accrued and unpaid interest and special interest, if any, on the Second Lien Notes redeemed during the twelve-month period beginning on December 15th of the years indicated below:



Date		Percentage
2019		105.500%
2020		103.500%
2021 and thereafter		100.000%

On or after May 15, 2015, the Company may on one or more occasions redeem all or a part of the Third Lien Notes at the redemption prices set forth below, plus accrued and unpaid interest and special interest, if any, on the Third Lien Notes redeemed during the 12-month period beginning on May 15th of the years indicated below:



Date		Percentage
2015		104.063%
2016		102.031%
2017 and thereafter		100.000%