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Debt and Capital Lease Obligations (Tables)
12 Months Ended
Dec. 31, 2017
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:

 

 

December 31,

 

(in thousands, except interest rates)

 

2017

 

 

2016

 

Revolving credit facility and term loan, 3.1% weighted-average interest rate at

  December 31, 2017 and 2.6% at December 31, 2016, due through 2019 (1)

 

$

207,322

 

 

$

212,750

 

Brewster Inc. revolving credit facility, 2.7% weighted-average interest rate at

  December 31, 2016 (1)

 

 

 

 

 

36,456

 

Less unamortized debt issuance costs

 

 

(984

)

 

 

(1,464

)

Total debt

 

 

206,338

 

 

 

247,742

 

Capital lease obligations, 3.8% weighted-average interest rate at December 31,

  2017 and 4.9% at December 31, 2016, due through 2021

 

 

2,854

 

 

 

1,469

 

Total debt and capital lease obligations

 

 

209,192

 

 

 

249,211

 

Current portion (2)

 

 

(152,599

)

 

 

(174,968

)

Long-term debt and capital lease obligations

 

$

56,593

 

 

$

74,243

 

(1)

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

(2)

Borrowings under the revolving credit facilities are classified as current because all borrowed amounts are due within one year.

Schedule of Aggregate Annual Maturities of Long-term Debt and Capital Lease Obligations

Aggregate annual maturities of long-term debt and capital lease obligations as of December 31, 2017 are as follows:

 

(in thousands)

 

Revolving Credit

Agreement

 

 

Capital Lease

Obligations

 

Year ending December 31,

 

 

 

 

 

 

 

 

2018

 

$

151,072

 

 

$

1,601

 

2019

 

 

56,250

 

 

 

899

 

2020

 

 

 

 

 

454

 

2021

 

 

 

 

 

17

 

2022

 

 

 

 

 

 

Total

 

$

207,322

 

 

$

2,971

 

Less: Amount representing interest

 

 

 

 

 

 

(117

)

Present value of minimum lease payments

 

 

 

 

 

$

2,854