Short-term and long-term debt (Tables)

3 Months Ended

Mar. 31, 2018

Debt Disclosure [Abstract]

Short-term and long-term debt

Elements of short-term and long-term debt are as follows:

	March 31, 2018		December 31, 2017
(in thousands)
Short-term & long-term debt
Short-term debt:
- Revolving credit line and other debt	$	52,098	$	65,152
- Long-term debt: current		1,050		1,050
Subtotal		53,148		66,202
Long-term debt:
- Term Loan Facility		103,688		103,950
- Vehicle and equipment loans		22		39
- Capital lease obligations		16		20
- Less: deferred financing costs on term loan		(2,730)		(2,851)
Subtotal		100,996		101,158
Total short-term & long-term debt (1)	$	154,144	$	167,360

⁽¹⁾ Long-term debt is net of deferred financing costs.

Future minimum lease payments under capital leases

Scheduled future minimum lease payments under capital leases, net of interest, are as follows:

 

Twelve Month Period Ending March 31,	Amount
(in thousands)
-2019	$	86
-2020		15
-2021		6
-2022		2
-2023		0
Subtotal		109
Less interest expense		(6)
Total	$	103

Maturities of long-term debt and capital lease obligations

Scheduled maturities of the Company’s long-term debt and capital lease obligations are as follows:

 

Twelve Month Period Ending March 31,	Amount
(in thousands)
-2019	$	1,147
-2020		1,079
-2021		1,057
-2022		1,052
-2023		1,050
Thereafter		99,488
Total	$	104,873