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Debt
12 Months Ended
Dec. 31, 2016
Long-term Debt, Unclassified [Abstract]  
Debt
DEBT
Long-term debt at December 31 consists of the following (in thousands): 
 
2016
 
2015
Senior Subordinated 6.25% Notes
$
210,000

 
$
210,000

Other debt
2,800

 
3,200

Less unamortized debt issuance costs
(3,163
)
 
(3,918
)
Total debt
209,637

 
209,282

Less current maturities
400

 
400

Total long-term debt
$
209,237

 
$
208,882


The Company's Fifth Amended and Restated Credit Agreement dated December 9, 2015 (the "Senior Credit Agreement") was amended to convert our revolving credit facility into a secured cash flow revolver, and terminates on December 9, 2020.
The Senior Credit Agreement provides for a revolving credit facility and letters of credit in an aggregate amount of $300 million. The Company has the option to request additional financing from the banks to either increase the revolving credit facility to $500 million or in the form of a term loan of up to $200 million. The Senior Credit Agreement contains three financial covenants. As of December 31, 2016, the Company is in compliance with all three covenants.
Borrowings under the Senior Credit Agreement are secured by the trade receivables, inventory, personal property, equipment, and certain real property of the Company’s significant domestic subsidiaries. Interest rates on the revolving credit facility are based on the LIBOR plus an additional margin that ranges from 1.25% to 2.25% for LIBOR loans based on the Total Leverage Ratio.
In addition, the revolving credit facility is subject to an undrawn commitment fee ranging between 0.20% and 0.30% based on the Total Leverage Ratio and the daily average undrawn balance.
Standby letters of credit of $12,806,000 have been issued under the Senior Credit Agreement to third parties on behalf of the Company as of December 31, 2016. These letters of credit reduce the amount otherwise available under the revolving credit facility. As of December 31, 2016, the Company had $287,194,000 of availability under the revolving credit facility. No borrowings were outstanding under the revolving credit facility at December 31, 2016 and December 31, 2015.
On January 31, 2013, the Company issued $210 million of 6.25% Senior Subordinated Notes ("6.25% Notes") due February 1, 2021. The provisions of the 6.25% Notes include, without limitation, restrictions on indebtedness, liens, and distributions from restricted subsidiaries, asset sales, affiliate transactions, dividends, and other restricted payments. Dividend payments are subject to annual limits and interest is paid semiannually on February 1 and August 1 of each year.
The aggregate maturities of long-term debt for the next five years and thereafter are as follows (in thousands):
2017
$
400

2018
$
400

2019
$
400

2020
$
400

2021
$
210,400

Thereafter
$
800


Total cash paid for interest in the years ended December 31 was (in thousands):
 
2016
 
2015
 
2014
Cash paid for interest
$
13,906

 
$
15,374

 
$
13,864