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Long-Term Debt and Short-Term Debt (Tables)
6 Months Ended
Jun. 30, 2014
Debt Disclosure [Abstract]  
Summary of Long-Term Debt and Short-Term Debt

Long-term debt and short-term debt at June 30, 2014 and December 31, 2013 consisted of the following:

 

     June 30,
2014
     December 31,
2013
 

Borrowings under our $100,000 revolving credit facility bearing interest at a floating rate equal to LIBOR (0.1875% at June 30, 2014) plus an applicable margin of 1.25% at June 30, 2014, expiring October 26, 2017.

   $ 37,500       $ 10,763   

Borrowings under our $40,000 aggregate principal amount of fixed rate notes bore interest at a fixed rate of 4.89% and matured on April 26, 2014. Annual principal payments of $5,714 began on April 26, 2008 and extend through the date of maturity.

     —           5,714   

Borrowings under our $20,000 aggregate principal amount of fixed rate notes bearing interest at a fixed rate of 4.64% maturing on December 20, 2018. Annual principal payments of $4,000 will begin on December 22, 2014 and extend through the date of maturity.

     20,000         20,000   
  

 

 

    

 

 

 

Total debt

     57,500         36,477   

Less current maturities of long-term debt

     4,000         10,477   
  

 

 

    

 

 

 

Long-term debt, excluding current maturities of long-term debt

   $ 53,500       $ 26,000