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Debt and Short-Term Borrowings (Tables)

12 Months Ended

Dec. 31, 2015

Debt Disclosure [Abstract]

Total debt was as follows:


		December 31,
(Dollar amounts in thousands)		2015				2014
Senior Secured Credit Facility (Term A) due on April 17, 2018 paying interest at a variable interest rate (London InterBank Offered Rate (“LIBOR”) plus applicable margin⁽¹⁾⁽³⁾)		$	262,323			$	277,239
Senior Secured Credit Facility (Term B) due on April 17, 2020 paying interest at a variable interest rate (LIBOR plus applicable margin⁽²⁾⁽³⁾)			386,172				389,340
Senior Secured Revolving Credit Facility expiring on April 17, 2018 paying interest at a variable interest rate			17,000				23,000
Note Payable due on October 1, 2017 ⁽³⁾			2,967				4,333
Note Payable due on July 31, 2017 ⁽³⁾			685				—

Total debt		$	669,147			$	693,912

⁽¹⁾	Applicable margin of 2.25% and 2.50% at December 31, 2015 and 2014, respectively.

⁽²⁾	Subject to a minimum rate (“LIBOR floor”) of 0.75% plus applicable margin of 2.50% and 2.75% at December 31, 2015 and 2014, respectively.

⁽³⁾	Net of unaccreted discount.

Summary of Contractual Principal Payments

The following table presents contractual principal payments for the next five years:


(Dollar amounts in thousands)
2016		$	24,681
2017			32,180
2018			221,500
2019			4,000
2020			374,000