Rendering
Component: (Network and Table) |
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Network | 2310301 - Disclosure - Debt (Tables) (http://www.blackbaud.com/role/DebtTables) |
Table | (Implied) |
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis] | 0001280058 (http://www.sec.gov/CIK) |
Debt Disclosure [Abstract] | Period [Axis] |
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2016-01-01 - 2016-12-31 |
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Debt Disclosure [Abstract] | |
Summary of Debt | The following table summarizes our debt balances and the related weighted average effective interest rates, which includes the effect of interest rate swap agreements. | | | | | | | | | | | | | | Debt balance at | | | Weighted average effective interest rate at | | (dollars in thousands) | December 31, 2016 |
| December 31, 2015 |
| | December 31, 2016 |
| December 31, 2015 |
| Credit facility: | | | | | | Revolving credit loans | $ | 180,900 |
| $ | 242,900 |
| | 2.36 | % | 2.15 | % | Term loans | 162,969 |
| 167,344 |
| | 2.62 | % | 2.51 | % | Total debt | 343,869 |
| 410,244 |
| | 2.48 | % | 2.30 | % | Less: Unamortized debt discount | 1,476 |
| 2,157 |
| | | | Less: Debt, current portion | 4,375 |
| 4,375 |
| | 2.50 | % | 2.11 | % | Debt, net of current portion | $ | 338,018 |
| $ | 403,712 |
| | 2.48 | % | 2.30 | % |
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Annual Maturities Related to Credit Facility | As of December 31, 2016, the required annual maturities related to the 2014 Credit Facility were as follows: | | | | | Years ending December 31, (dollars in thousands) | Annual maturities |
| 2017 | $ | 4,375 |
| 2018 | 4,375 |
| 2019 | 335,119 |
| 2020 | — |
| 2021 | — |
| Thereafter | — |
| Total required maturities | $ | 343,869 |
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