Debt

Long-term debt consists of the following:



	September 30, 2016		December 31, 2015
Term note	$	55,250	$	58,906
Mortgage loan	2,993		3,114
Equipment loan	1,779		2,672
Total	60,022		64,692
Less amounts classified as current	7,890		6,638
Long-term debt, excluding current portion	$	52,132	$	58,054

Term Note and Line of Credit

On July 1, 2014, the Company entered into a five-year senior secured credit facility agreement (the Credit Agreement) with Bank of America, N.A., as Administrative Agent, and the lenders named from time to time as parties thereto (the Lenders), for an aggregate amount of up to $80,000, including a revolving credit facility of up to $15,000 and a term loan of $65,000 to be used for general corporate purposes. As of September 30, 2016, there were no borrowings outstanding under the revolving credit facility.

The Credit Agreement contains two financial covenants, a Maximum Consolidated Leverage Ratio and a Minimum Consolidated Fixed Charge Coverage Ratio, each as defined in the Credit Agreement. The Company was in compliance with these financial covenants as of September 30, 2016.

Mortgage Loan

The Company's mortgage loan contains one financial covenant, a Fixed Charge Coverage Ratio, which applies in the event that the Company's consolidated cash, cash equivalents and marketable securities balance falls below $25,000 at any time. As the Company's consolidated cash, cash equivalents, and marketable securities balance was above the minimum threshold throughout the nine months ended September 30, 2016, the Fixed Charge Coverage Ratio did not apply.