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Term Loan and Revolving Credit Facility (Details Textual) (USD $) | 1 Months Ended | 12 Months Ended |
--- | --- | --- | ---
Nov. 30, 2012 | Dec. 31, 2013 | Nov. 08, 2012
Term Loan and Revolving Credit Facility (Textual) |  |  |
Maturity date | Dec. 31, 2016 |  |
Long term debt |  | $ 121,875,000 |
Term loan facility, quarterly amortization payments, during 2013 |  |  | 781,250
Term loan facility, quarterly amortization payments, during 2014 |  |  | 781,250
Term loan facility, quarterly amortization payments, during 2015 |  |  | 1,562,500
Term loan facility, quarterly amortization payments, during 2016 |  |  | 1,562,500
Quarterly payment percentage of aggregate original principal amount of term loan facility in year one and two |  |  | 0.625%
Quarterly payment percentage of aggregate original principal amount of term loan facility in year three and four |  |  | 1.25%
Cash interest paid |  | 4,600,000 |
Average annual interest rate |  | 4.40% |
Covenant terms required by credit facility |  | 1) A total leverage ratio of not greater than 2.00:1.00; 2) A coverage ratio of not less than 1.75:1.00; 3) A Department of Education financial composite score of not less than 1.5. |
Maximum total leverage ratio |  | 2.00 |
Minimum coverage ratio |  | 1.75 |
Minimum department of education financial composite score |  | 1.5 |
Revolving Credit Facility [Member] |  |  |
Term Loan and Revolving Credit Facility (Textual) |  |  |
Revolving credit facility, value |  |  | 100,000,000
Long term debt |  |  |
Option to increase commitments under credit facility |  |  | 50,000,000
Revolving Credit Facility [Member] | Base Rate [Member] |  |  |
Term Loan and Revolving Credit Facility (Textual) |  |  |
Debt instrument description of variable rate basis |  | base rate |
Revolving Credit Facility [Member] | Base Rate [Member] | Minimum [Member] |  |  |
Term Loan and Revolving Credit Facility (Textual) |  |  |
Margin rate for interest if using base rate |  | 2.00% |
Revolving Credit Facility [Member] | Base Rate [Member] | Maximum [Member] |  |  |
Term Loan and Revolving Credit Facility (Textual) |  |  |
Margin rate for interest if using base rate |  | 2.50% |
Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] |  |  |
Term Loan and Revolving Credit Facility (Textual) |  |  |
Debt instrument description of variable rate basis |  | LIBOR |
Revolving Credit Facility [Member] | Letter of Credit [Member] |  |  |
Term Loan and Revolving Credit Facility (Textual) |  |  |
Letter of credit subfacility |  |  | 50,000,000
Term Loan Facility [Member] |  |  |
Term Loan and Revolving Credit Facility (Textual) |  |  |
Revolving credit facility, value |  |  | 125,000,000
Long term debt |  | $ 121,875,000 |
Term Loan Facility [Member] | Minimum [Member] |  |  |
Term Loan and Revolving Credit Facility (Textual) |  |  |
Unused commitment fee |  | 0.30% |
Term Loan Facility [Member] | Maximum [Member] |  |  |
Term Loan and Revolving Credit Facility (Textual) |  |  |
Unused commitment fee |  | 0.40% |
Term Loan Facility [Member] | Interest Rate Swap [Member] |  |  |
Term Loan and Revolving Credit Facility (Textual) |  |  |
Interest rate swap, fixed rate minimum |  | 2.85% |
Interest rate swap, fixed rate maximum |  | 3.35% |

X
- Definition A letter of credit subfacility included in the revolving credit facility. + References No definition available. + Details
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- Definition Maximum leverage ratio to be maintained under credit facility. + References No definition available. + Details
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- Definition Minimum coverage ratio to be maintained under credit facility. + References No definition available. + Details
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- Definition Minimum department of education financial composite score to be maintained under credit facility. + References No definition available. + Details
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- Definition The additional amount by which the Company can increase its commitments under the Credit Facility, subject to obtaining additional loan commitments and the satisfaction of certain conditions. + References No definition available. + Details
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X
- Definition The percentage of the aggregate original principal amount of the term loan facility that is paid quarterly in year one and two. + References No definition available. + Details
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- Definition The percentage of the aggregate original principal amount of the term loan facility that is paid quarterly in year three and four. + References No definition available. + Details
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- Details
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- Definition Term Loan Facility, Quarterly Amortization Payments, year four. + References No definition available. + Details
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- Definition Term Loan Facility, Quarterly Amortization Payments, year one. + References No definition available. + Details
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- Definition Term Loan Facility, Quarterly Amortization Payments, year three. + References No definition available. + Details
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- Definition Term Loan Facility, Quarterly Amortization Payments, year two. + References No definition available. + Details
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- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. + References No definition available. + Details
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- Definition The reference rate for the variable rate of the debt instrument, such as LIBOR or the US Treasury rate and the maturity of the reference rate used, such as three months or six months LIBOR. + References No definition available. + Details
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- Definition The average effective interest rate during the reporting period. + References Reference 1: 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=6451184&loc=d3e28551-108399 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 Reference 3: 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 The amount of cash paid for interest during 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 2 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4297-108586 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 25 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3536-108585 + Details
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- Definition Description of the conditions for borrowing under the credit facility including the nature of any restrictions. + 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 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 22 -Article 5 + Details
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- Definition Date the credit facility terminates, 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 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 22 -Article 5 + Details
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- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + 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 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 22 -Article 5 + Details
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- Definition The fee, expressed as a percentage of the line of credit facility, for available but unused credit capacity under the credit facility. + References No definition available. + Details
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- Definition Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 16 -Article 7 Reference 2: 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 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.16) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 16 -Article 9 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 20, 22 -Article 5 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 + Details
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