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LONG-TERM DEBT | 9 Months Ended
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Sep. 30, 2016
Debt Disclosure [Abstract] |
LONG-TERM DEBT | LONG-TERM DEBT A summary of long-term debt and capital leases by debt instrument follows:
| September 30, 2016 |  | December 31, 2015
Senior Secured Asset-Based Revolving Credit Facility: |  |  |
Due February 2020; bearing interest at one-month LIBOR plus 2.25% | $ | 56,299 |  |  | $ | 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% | 5,287 |  |  | 4,130 |
Notes payable maturing through January 2021, bearing interest at up to 7.00% | 1,143 |  |  | 1,167 |
Senior Subordinated Notes: |  |  |
Due February 2019; bearing interest at 7.75% | 345,570 |  |  | 370,300 |
Principal amount of long-term debt and capital leases | 515,299 |  |  | 525,019 |
Less—unamortized discount and debt issuance costs (1) | 14,698 |  |  | 17,586 |
Long-term debt and capital leases less unamortized discount and debt issuance costs | 500,601 |  |  | 507,433 |
Less—current maturities of long-term debt | 1,562 |  |  | 1,448 |
| $ | 499,039 |  |  | $ | 505,985 |
(1) | A summary of unamortized discount and debt issuance costs by debt instrument follows:
| September 30, 2016 |  | December 31, 2015
Senior Secured Asset-Based Revolving Credit Facility | $ | 4,637 |  |  | $ | 5,593 |
New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds Series 2014 | 1,267 |  |  | 1,407 |
New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds Series 2014R-2 | 586 |  |  | — |
Finance Authority of Maine Solid Waste Disposal Revenue Bonds Series 2005R-2 | 518 |  |  | 566 |
Finance Authority of Maine Solid Waste Disposal Revenue Bonds Series 2015 | 778 |  |  | 830 |
Vermont Economic Development Authority Solid Waste Disposal Long-Term Revenue Bonds Series 2013 | 612 |  |  | 636 |
Business Finance Authority of the State of New Hampshire Solid Waste Disposal Revenue Bonds Series 2013 | 595 |  |  | 690 |
Finance Authority of Maine Solid Waste Disposal Revenue Bonds Series 2005R-1 | 32 |  |  | 35 |
Senior Subordinated Notes | 5,673 |  |  | 7,829 |
| $ | 14,698 |  |  | $ | 17,586 |
Financing Activities Credit Facility In October 2016, we entered into a credit agreement, which consists of a $350,000 aggregate principal amount term loan B facility and a $160,000 revolving line of credit facility. The net proceeds from this transaction have been used to repay in full our senior secured asset-based revolving credit and letter of credit facility ("ABL Facility") and will be used to redeem all of our remaining outstanding 7.75% Senior Subordinated Notes due 2019 ("2019 Notes") in November 2016 at a redemption price equal to 101.938% of the principal amount thereof plus accrued and unpaid interest thereon and for payment of transaction related expenses. New York Bonds 2016 In the nine months ended September 30, 2016, we completed a financing transaction involving the issuance by the New York State Environmental Facilities Corporation of $15,000 aggregate principal amount of Solid Waste Disposal Revenue Bonds Series 2014R-2 (“New York Bonds 2016”). We borrowed the proceeds of the offering of the New York Bonds 2016 to finance or refinance certain capital projects in the state of New York, and to pay certain costs of issuance of the New York Bonds 2016. Loss on Debt Extinguishment We recorded a loss on debt extinguishment of $191 and $736 in the three and nine months ended September 30, 2016, respectively, as compared to $345 and $866 during the three and nine months ended September 30, 2015, respectively, associated with the following:
• | the repurchase price and write-off of debt issuance costs and unamortized original issue discount associated with the early redemption, repurchase and retirement of partial portions of our 2019 Notes; and
• | the write-off of debt issuance costs in connection with changes to the borrowing capacity from our previous senior revolving credit and letter of credit facility that was due March 2016 to the ABL Facility in the nine months ended September 30, 2015.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20,22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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