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Debt and Capital Lease Obligations (Tables)
3 Months Ended
Mar. 31, 2016
Debt Disclosure [Abstract]  
Schedule of Long-term Debt and Capital Lease Obligations

The components of long-term debt and capital lease obligations consisted of the following:

 

 

 

March 31,

 

 

December 31,

 

(in thousands)

 

2016

 

 

2015

 

Revolving credit facility and term loan 2.5% and 2.4% weighted-average interest rate at

   March 31, 2016 and December 31, 2015, respectively, due through 2019 (1)

 

$

162,813

 

 

$

127,500

 

Less unamortized debt issuance costs (2)

 

 

(1,788

)

 

 

(1,572

)

Total debt

 

 

161,025

 

 

 

125,928

 

Capital lease obligations, 6.1% and 6.1% weighted-average interest rate at March 31,

   2016 and December 31, 2015, respectively, due through 2018

 

 

1,672

 

 

 

1,475

 

Total debt and capital lease obligations

 

 

162,697

 

 

 

127,403

 

Current portion

 

 

(74,640

)

 

 

(34,554

)

Long-term debt and capital lease obligations

 

$

88,057

 

 

$

92,849

 

(1)

Represents the weighted-average interest rate in effect at the respective periods for the revolving credit facility and term loan borrowings, including any applicable margin. The interest rates do not include amortization of debt issuance costs or commitment fees.

(2)

In accordance with ASU 2015-03, unamortized debt issuance costs are reflected as a direct deduction from the carrying amount of the related debt. The Company applied the new guidance retrospectively to all prior periods presented in the condensed consolidated financial statements. As a result, $1.6 million of unamortized debt issuance costs were reclassified from other investments and assets to a reduction in long-term debt on the December 31, 2015 condensed consolidated balance sheet.