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Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2017
Debt Disclosure [Abstract]  
Summary of Long-Term Debt

Long-term debt is comprised of the following:

 

     December 31,
2016
     December 31,
2017
 

Term loan

   $ 265,000,000      $ 225,000,000  

Revolving credit facility

     3,000,000        —    

Capital lease obligations

     691,951        630,874  
  

 

 

    

 

 

 
     268,691,951        225,630,874  

Less unamortized debt issuance costs

     (14,313,703      (10,850,972
  

 

 

    

 

 

 
     254,378,248        214,779,902  

Less current installments

     (6,686,077      (2,314,020
  

 

 

    

 

 

 
   $ 247,692,171      $ 212,465,882  
  

 

 

    

 

 

 
Scheduled Repayments of Credit Facility and Capital Lease Obligations

The aggregate scheduled principal repayments of the credit facility and capital lease obligations for the next five years and thereafter are as follows:

 

2018

   $ 2,314,020  

2019

     2,317,101  

2020

     2,320,326  

2021

     2,323,700  

2022

     2,253,332  

Thereafter

     214,102,395  
  

 

 

 

Total

   $ 225,630,874