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Debt and Interest Rate Swap (Tables)
12 Months Ended
Dec. 31, 2015
Debt And Interest Rate Swap [Abstract]  
Debt
Debt consisted of the following at December 31:
 
 
Interest Rates
 
 
 
 
dollars in thousands
 
2015

 
20141

 
2015

 
2014

Term Loan
 
1.555
%
 
2.462
%
 
$
216,750

 
$
242,250

Less: Short-term debt
 
 
 
 
 
25,500

 
25,500

Long-term debt
 
 
 
 
 
$
191,250

 
$
216,750


1
Represents the weighted-average interest rate which was calculated based on a fixed-rate in connection with the interest rate Swap and a variable rate for the amount of the Term Loan not covered by the Swap. See below for additional information.