Annual report pursuant to Section 13 and 15(d)

Indebtedness (Tables)

v3.6.0.2
Indebtedness (Tables)
12 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
Debt consisted of the following:
 
As of December 31,
 
2016
 
2015
Term loan credit facilities
$
284,233

 
$
256,519

Alon USA, LP Credit Facility

 
55,000

Convertible senior notes
136,602

 
129,623

Retail credit facilities
107,131

 
114,820

Total debt
527,966

 
555,962

Less: Current portion
16,414

 
16,420

Total long-term debt
$
511,552

 
$
539,542

Convertible Debt
The principal balance, unamortized discount, unamortized issuance costs and net carrying amount of the liability and equity components of the Convertible Notes as of December 31, 2016 and 2015 are as follows:
 
As of December 31,
 
2016
 
2015
Equity component, pretax (1)
$
30,365

 
$
30,365

Convertible Notes:
 
 
 
Principal balance
150,000

 
150,000

Less: Unamortized issuance discount
(11,848
)
 
(18,028
)
Less: Unamortized issuance costs
(1,550
)
 
(2,349
)
Convertible Notes, net
$
136,602

 
$
129,623

_________________
(1)A deferred tax liability of $11,171 was recognized related to the issuance of the Convertible Notes.
Schedule of Maturities of Long-term Debt
The aggregate scheduled maturities of long-term debt for each of the four years subsequent to December 31, 2016 are as follows:
Year ended December 31,
 
2017
$
16,414

2018
405,310

2019
109,298

2020
15,961

Total
$
546,983

Schedule of Interest Expense
Interest and financing expense included the following:
 
Year Ended December 31,
 
2016
 
2015
 
2014
Interest expense on debt
$
33,204

 
$
33,162

 
$
37,850

Letters of credit and finance charges
30,815

 
40,058

 
65,156

Amortization of debt issuance costs
3,052

 
3,595

 
3,759

Write-off of debt issuance costs

 

 
558

Amortization of original issuance discount
6,831

 
6,273

 
6,306

Write-off of original issuance discount

 

 
391

Less: Capitalized interest
(4,185
)
 
(3,262
)
 
(2,877
)
Total interest expense
$
69,717

 
$
79,826

 
$
111,143