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v3.5.0.2

Debt - Additional Information (Details) € in Millions | 1 Months Ended | 9 Months Ended | 12 Months Ended |
--- | --- | --- | --- | ---
Jun. 30, 2016 USD ($) tranche | Aug. 31, 2015 USD ($) | Sep. 30, 2016 USD ($) | Dec. 31, 2015 USD ($) | Jun. 30, 2016 EUR (€)
Debt Instrument [Line Items] |  |  |  |  |
Borrowings |  |  | $ 670,200,000 | $ 576,500,000 |
Term loan |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Face value | $ 67,400,000 |  |  |  | € 60
Debt instrument, interest rate terms |  |  | The loan has two tranches of which the first tranche for €25 million has a six month availability period at a rate of Euribor +1.2% and a final maturity date of June 30, 2023. The second tranche for €35 million has a one year availability period at a rate of Euribor +1.25% and a final maturity date of June 30, 2024. There is a zero percent floor on the Euribor. The loans are payable in annual installments, beginning on June 30, 2017 and June 30, 2019, respectively. |  |
Number of tranches | tranche | 2 |  |  |  |
Debt instrument, payment terms |  |  | annual |  |
Outstanding amount under loan |  |  | $ 27,400,000 |  |
Term loan | Euribor |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Debt instrument, floor rate | 0.00% |  |  |  |
Senior unsecured credit facility- revolving loan due 2021 |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Face value | $ 700,000,000 |  |  |  |
Debt instrument expiration period |  |  | 2021-06 |  |
Variable interest rate basis |  |  | LIBOR + 1.25% |  |
Spread on variable interest rate basis | 1.25% |  |  |  |
Debt instrument, interest rate terms |  |  | The interest rate for the revolver is LIBOR + 1.25%. The interest rate ranges from LIBOR + 0.875% to a maximum of LIBOR + 1.875%, depending upon the Company’s leverage ratio. |  |
Borrowings |  |  | $ 350,000,000 |  |
Maximum amount available under credit facility to issue letters of credit |  |  | 40,000,000 |  |
Letters of credit outstanding under credit facility |  |  | 2,100,000 |  |
Undrawn availability under credit facility |  |  | $ 347,900,000 |  |
Debt instrument, covenant terms |  |  | In accordance with the terms of the Facility, we are required to maintain a minimum interest coverage ratio of 3.50 (based on the ratio of EBITDA, as defined in the credit agreement, to interest expense) and may not exceed a maximum leverage ratio of 3.50 (based on the ratio of total debt to EBITDA) throughout the term of the Facility. |  |
Average interest rate |  |  | 1.80% | 1.80% |
Debt instrument, maturity year |  |  | 2021 |  |
Repayments of debt |  | $ 296,400,000 |  |  |
Senior unsecured credit facility- revolving loan due 2021 | Minimum |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Variable interest rate basis |  |  | LIBOR + 0.875% |  |
Spread on variable interest rate basis | 0.875% |  |  |  |
Senior unsecured credit facility- revolving loan due 2021 | Maximum |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Variable interest rate basis |  |  | LIBOR + 1.875% |  |
Spread on variable interest rate basis | 1.875% |  |  |  |
Interest coverage ratio required to be maintained |  |  | 3.50 |  |
Tranche one | Term loan |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Face value | € |  |  |  |  | 25
Variable interest rate basis |  |  | Euribor +1.2% |  |
Spread on variable interest rate basis | 1.20% |  |  |  |
Debt instrument availability period | 6 months |  |  |  |
Debt instrument, maturity date |  |  | Jun. 30, 2023 |  |
Beginning date of first required loan payment |  |  | Jun. 30, 2017 |  |
Tranche two | Term loan |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Face value | € |  |  |  |  | € 35
Variable interest rate basis |  |  | Euribor +1.25% |  |
Spread on variable interest rate basis | 1.25% |  |  |  |
Debt instrument, maturity date |  |  | Jun. 30, 2024 |  |
Debt instrument availability period | 1 year |  |  |  |
Beginning date of first required loan payment |  |  | Jun. 30, 2019 |  |
4.7% senior notes due 2025 |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Face value |  | $ 300,000,000 |  |  |
Debt instrument, interest rate |  | 4.70% | 4.70% |  |
Debt instrument, maturity year |  | 2025 | 2025 |  |
Increase in senior notes interest rate |  | 0.25% |  |  |
Effective interest rate |  |  | 4.80% |  |
4.7% senior notes due 2025 | Level 2 |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Fair value of senior notes |  |  | $ 319,300,000 |  |
4.7% senior notes due 2025 | Maximum |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Debt instrument, interest rate |  | 6.70% |  |  |

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- Definition The expiration, mandatory redemption, or due date, month and year (YYYY-MM), of the financial instrument issued in exchange for the original debt being converted in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4332-108586 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4304-108586 + Details
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- Definition Description of minimum financial levels (for example, tangible net worth and working capital) and achievement of certain financial ratios (for example, working capital ratio and debt service coverage ratio), and adherence to certain clauses which generally require or restrict certain actions (for example, entering into a debt arrangement with equal or greater seniority, and selling or discontinuing a certain business segment or material subsidiary) to be in compliance with the covenant clauses of the debt agreement. May also include a discussion of the adverse consequences that would result if the entity violates or fails to satisfy the covenants. + 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 942 -SubTopic 470 -Section 50 -Paragraph 3 -Subparagraph (g) -URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823 + Details
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- Definition Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium. + 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(a)(1)) -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 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28551-108399 + Details
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- Definition Description of the interest rate as being fixed or variable, and, if variable, identification of the index or rate on which the interest rate is based and the number of points or percentage added to that index or rate to set the rate, and other pertinent information, such as frequency of rate resets. + 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(a)(1)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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- Definition Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format. + 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(a)(2)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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