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Debt and Short-Term Borrowings (Tables)

3 Months Ended

Mar. 31, 2017

Debt Disclosure [Abstract]

Total Debt

Total debt at March 31, 2017 and December 31, 2016 follows:

(Dollar amounts in thousands)		March 31, 2017				December 31, 2016
Senior Secured Credit Facility (2018 Term A) due on April 17, 2018 paying interest at a variable interest rate (London InterBank Offered Rate (“LIBOR”) plus applicable margin(1)(3))		$	28,307			$	28,721
Senior Secured Credit Facility (2020 Term A) due on January 17, 2020 paying interest at a variable interest rate (LIBOR plus applicable margin(3)(4))		209,659				212,661
Senior Secured Credit Facility (Term B) due on April 17, 2020 paying interest at a variable interest rate (LIBOR plus applicable margin(2)(3))		377,642				378,074
Senior Secured Revolving Credit Facility(6)		27,000				28,000
Note Payable due on October 1, 2017(3)		1,151				1,524
Note Payable due on July 31, 2017(3)		365				357
Note Payable due on August 31, 2019(5)		815				890
Note Payable due on April 30, 2021(3)		504				532
Total debt		$	645,443			$	650,759

(1) Applicable margin of 2.25% at March 31, 2017 and December 31, 2016.

(2) Subject to a minimum rate (“LIBOR floor”) of 0.75% plus applicable margin of 2.50% at March 31, 2017 and December 31, 2016.

(3) Net of unaccreted discount and unamortized debt issue costs, as applicable.

(4) Applicable margin of 2.50% at March 31, 2017 and December 31, 2016.

(5) Fixed interest rate of 7.50%.

(6) Applicable margin of 2.50% at March 31, 2017 and December 31, 2016.

Summary of Interest Rate Swap Transaction

As of March 31, 2017, the Company has the following interest rate swap agreement converting a portion of the interest rate exposure on the Company's Term B loan from variable to fixed:

Effective date		Maturity Date		Notional Amount		Variable Rate		Fixed Rate
January 2017		April 2020		$200 million		1-month LIBOR		1.9225%

Carrying Amount of Derivative Instruments on Company's Balance Sheet

As of March 31, 2017 and December 31, 2016, the carrying amount of the derivative on the Company’s balance sheet is as follows:

(Dollar amounts in thousands)		March 31, 2017				December 31, 2016
Other long-term liabilities		$	1,421			$	1,964

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Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

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Tabular disclosure of derivative instruments (including nonderivative instruments that are designated and qualify as hedging instruments) of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5618551-113959

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Tabular disclosure of interest rate derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624171-113959

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