Debt

12 Months Ended

Dec. 31, 2015

Debt [Abstract]

Debt

(6) Debt 

The Company’s outstanding debt is as follows (in thousands):

	December 31,
	2015				2014
	Long-term		Current		Long-term		Current
Term loan due February 2017	$	305,000	$	20,000	$	325,000	$	20,000
Senior Notes due May 2019		500,000		-		500,000		-
Senior Notes due December 2021		800,000		-		800,000		-
Other		3,089		9,957		2,842		941
Total debt, gross		1,608,089		29,957		1,627,842		20,941
Unamortized debt issuance costs		(19,826)		-		(27,469)		-
Total debt	$	1,588,263	$	29,957	$	1,600,373	$	20,941

Debt maturities presented as of December 31, 2015 are as follows (in thousands):

2016	$	29,957
2017		306,705
2018		1,384
2019		500,000
2020		-
Thereafter		800,000
Total	$	1,638,046

Credit Facility

At December 31, 2015, the Company had a credit facility that was comprised of a $600.0 million revolving line of credit and a $325.0 million term loan.  In February 2016, the Company amended and extended the credit facility.  The amended agreement results in a $470.3 million revolving credit facility which matures in 2019 and no longer has a term loan component.  As of February 22, 2016, the Company had $325.0 million of borrowings and $42.2 million of letters of credit outstanding under the amended credit facility.    Borrowings under the credit facility bear interest at LIBOR plus margins that depend on our credit rating.   Indebtedness under the credit facility is secured by substantially all of the Company’s assets, including the pledge of the stock of its principal domestic subsidiaries.  The credit facility contains customary events of default and requires that the Company satisfies various financial covenants. 

Senior Unsecured Notes

The Company has outstanding $500 million of 63/8% unsecured senior notes due 2019.  The indenture governing the 63/8% senior notes requires semi-annual interest payments on May 1st and November 1st of each year through the maturity date of May 1, 2019. 

The Company also has outstanding $800 million of 71/8% unsecured senior notes due 2021.  The indenture governing the 71/8% senior notes requires semi-annual interest payments on June 15th and December 15th of each year through the maturity date of December 15, 2021.