Long-Term Debt

12 Months Ended

Dec. 31, 2018

The components of long-term debt are as follows:


	December 31,
(in thousands)	2018		2017
Bank revolving credit facility	$	85,000	$	60,000
Capital lease obligations	298		—
Other notes payable	—		82
Total debt	85,298		60,082
Less current maturities	119		82
Total long-term debt	$	85,179	$	60,000

The Company maintains an unsecured revolving credit facility with certain lenders under its Amended and Restated Revolving Credit Agreement ("Agreement"). The aggregate commitments from lenders under this Agreement are $250,000,000 and, subject to certain conditions, the Company has the option to request an increase in aggregate commitments of up to an additional $50,000,000. The Agreement requires us to maintain various

financial covenants including a minimum earnings before interest and tax to interest expense ratio, a maximum leverage ratio, and a minimum asset coverage ratio. The Agreement also contains various covenants relating to limitations on indebtedness, limitations on investments and acquisitions, limitations on sale of properties, and limitations on liens and capital expenditures. The Agreement also contains other customary covenants, representations and events of defaults. The expiration date of the revolving credit facility is December 20, 2021. As of December 31, 2018, $85,000,000 was outstanding under the Agreement. On December 31, 2018, $1,388,000 of the revolver capacity was committed to irrevocable standby letters of credit issued in the ordinary course of business as required by vendors' contracts resulting in $163,612,000 in available borrowings.

The aggregate maturities of long-term debt, as of December 31, 2018, are as follows: $119,000 in 2019; $94,000 in 2020; $85,064,000 in 2021; $21,000 in 2022 and zero thereafter.