XML 36 R25.htm IDEA: XBRL DOCUMENT v3.5.0.2
Long-Term Debt (Tables)
6 Months Ended
Jun. 30, 2016
Debt Disclosure [Abstract]  
Summary of Components of Long-Term Debt and Capital Leases by Debt Instrument

A summary of long-term debt and capital leases by debt instrument follows:

 

    June 30,
2016
    December 31,
2015
 

Senior Secured Asset-Based Revolving Credit Facility:

   

Due February 2020; bearing interest at one-month LIBOR plus 2.25%

  $ 55,800      $ 57,422   

Tax-Exempt Bonds:

   

New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds Series 2014 due December 2044 - fixed rate interest period through 2019, bearing interest at 3.75%

    25,000        25,000   

New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds Series 2014R-2 due December 2044 - fixed rate interest period through 2026, bearing interest at 3.125%

    15,000        —     

Finance Authority of Maine Solid Waste Disposal Revenue Bonds Series 2005R-2 due January 2025 - fixed rate interest period through 2017, bearing interest at 6.25%

    21,400        21,400   

Finance Authority of Maine Solid Waste Disposal Revenue Bonds Series 2015 due August 2035 - fixed rate interest period through 2025, bearing interest at 5.125%

    15,000        15,000   

Vermont Economic Development Authority Solid Waste Disposal Long-Term Revenue Bonds Series 2013 due April 2036 - fixed rate interest period through 2018, bearing interest at 4.75%

    16,000        16,000   

Business Finance Authority of the State of New Hampshire Solid Waste Disposal Revenue Bonds Series 2013 due April 2029 - fixed rate interest period through 2019, bearing interest at 4.00%

    11,000        11,000   

Finance Authority of Maine Solid Waste Disposal Revenue Bonds Series 2005R-1; letter of credit backed due January 2025 - variable rate interest period through 2017, bearing interest at SIFMA Index

    3,600        3,600   

Other:

   

Capital leases maturing through April 2023, bearing interest at up to 7.70%

    4,508        4,130   

Notes payable maturing through January 2021, bearing interest at up to 7.00%

    1,153        1,167   

Senior Subordinated Notes:

   

Due February 2019; bearing interest at 7.75%

    350,570        370,300   
 

 

 

   

 

 

 

Principal amount of long-term debt and capital leases

    519,031        525,019   

Less—unamortized discount and debt issuance costs (1)

    15,816        17,586   
 

 

 

   

 

 

 

Long-term debt and capital leases less unamortized discount and debt issuance costs

    503,215        507,433   

Less—current maturities of long-term debt

    1,411        1,448   
 

 

 

   

 

 

 
  $ 501,804      $ 505,985   
 

 

 

   

 

 

 

 

(1) A summary of unamortized discount and debt issuance costs by debt instrument follows:

 

    June 30,
2016
    December 31,
2015
 

Senior Secured Asset-Based Revolving Credit Facility

  $ 4,976      $ 5,593   

New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds Series 2014

    1,314        1,407   

New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds Series 2014R-2

    602        —     

Finance Authority of Maine Solid Waste Disposal Revenue Bonds Series 2005R-2

    534        566   

Finance Authority of Maine Solid Waste Disposal Revenue Bonds Series 2015

    795        830   

Vermont Economic Development Authority Solid Waste Disposal Long-Term Revenue Bonds Series 2013

    620        636   

Business Finance Authority of the State of New Hampshire Solid Waste Disposal Revenue Bonds Series 2013

    627        690   

Finance Authority of Maine Solid Waste Disposal Revenue Bonds Series 2005R-1

    33        35   

Senior Subordinated Notes

    6,315        7,829   
 

 

 

   

 

 

 
  $ 15,816      $ 17,586