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LONG-TERM OBLIGATIONS (Tables) | 6 Months Ended
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Jun. 30, 2015
LONG-TERM OBLIGATIONS [Abstract] |
Schedule of Long-term Debt | Long-term debt consists of the following (in thousands):
|  | June 30, 2015 |  |  | December 31, 2014 |
Senior Secured Notes collaterized by the Company's assets, with interest payable semi-yearly based on a fixed annual interest rate of 11% with principal due in 2019 |  | $ | 300,000 |  |  | $ | 250,000 |
Note payable collaterized by GMSL's assets, with interest payable monthly at LIBOR plus 3.65% and principal payable monthly, maturing in 2019 |  |  | 14,531 |  |  |  | 16,732 |
Note payable collaterized by Schuff's real estate, with interest payable monthly at LIBOR plus 4% and principal payable monthly, maturing in 2019 |  |  | 4,323 |  |  |  | 4,635 |
Note payable collaterized by Schuff's equipment, with interest payable monthly at LIBOR plus 4% and principal payable monthly, maturing in 2019 |  |  | 11,690 |  |  |  | 8,333 |
Line of credit collaterized by Schuff's HOPSA assets, with interest payable monthly at 5.25% plus 1% of Special Interest Compensation Fund |  |  | 1,250 |  |  |  | - |
Note payable collaterized by ANG's assets, with interest payable monthly at 5.5% and principal payable monthly, maturing in 2018 |  |  | 736 |  |  |  | 810 |
Obligations under capital leases |  |  | 56,438 |  |  |  | 65,176 |
Other |  |  | 24 |  |  |  | 30 |
Subtotal |  |  | 388,992 |  |  |  | 345,716 |
Original issue discount on Senior Secured Notes |  |  | (1,919 | ) |  |  | (2,345 | )
Subtotal |  |  | 387,073 |  |  |  | 343,371 |
Less: Current portion of long-term obligations |  |  | (12,752 | ) |  |  | (10,444 | )
Total long-term obligations |  | $ | 374,321 |  |  | $ | 332,927 |
Schedule of Aggregate Debt Maturities | Aggregate debt maturities are as follows (in thousands):
2015 |  | $ | 7,052 |
2016 |  |  | 11,793 |
2017 |  |  | 12,066 |
2018 |  |  | 15,203 |
2019 |  |  | 313,249 |
Thereafter |  |  | 29,629 |
|  | $ | 388,992 |
Schedule of Aggregate Maturities for Capital Leases | Aggregate maturities for the capital leases are as follows (in thousands):
2015 |  | $ | 3,459 |
2016 |  |  | 6,900 |
2017 |  |  | 6,892 |
2018 |  |  | 10,602 |
2019 |  |  | 10,601 |
Thereafter |  |  | 32,222 |
Total minimum principal & interest payments |  |  | 70,676 |
Less: Amount representing interest |  |  | (14,238 | )
Total capital lease obligations |  | $ | 56,438 |

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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: 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 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=34725769&loc=d3e28878-108400 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644 + Details
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- Definition Tabular disclosure of future minimum lease payments as of the date of the latest balance sheet presented, in aggregate and for each of the five years succeeding fiscal years, with separate deductions from the total for the amount representing executor costs, including any profit thereon, included in the minimum lease payments and for the amount of the imputed interest necessary to reduce the net minimum lease payments to present value. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6455398&loc=d3e45280-112737 + Details
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