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Interest Expense
3 Months Ended
Mar. 31, 2017
Interest and Debt Expense [Abstract]  
Interest Expense
Interest Expense
The following tables present the components of interest expense: 
 
For the Three Months Ended March 31, 2016
 
For the Three Months Ended March 31, 2017
 
(Dollars in thousands)
Interest incurred on debt
$
4,897

 
$
5,870

Accretion of fair value adjustment on
   Senior Notes
1,563

 
1,599

Amortization of debt issuance costs

 
77

Total interest expense
$
6,460

 
$
7,546


Interest Rates
The Revolving Facility and Term Loan Facility had an effective interest rate of 5.52% and 5.74% as of December 31, 2016 and March 31, 2017, respectively. The Senior Notes have a fixed interest rate of 6.375%.