XML 50 R20.htm IDEA: XBRL DOCUMENT v3.3.0.814
Senior Debt (Tables)
 9 Months Ended
Sep. 30, 2015
Senior Debt [Abstract]  
Financial Covenants Ratios
The Credit Agreement requires us to comply with several financial covenants, including: (i) a consolidated total leverage ratio of no greater than 4.50:1 from the quarter ended March 31, 2014, to the quarter ended September 30, 2015, 4.25:1 from the quarter ended December 31, 2015, to the quarter ended September 30, 2016, and 4.00:1 thereafter; (ii) a consolidated senior secured leverage ratio of no greater than 2.75:1; and (iii) a consolidated fixed charge coverage ratio of no less than 1.50:1 from the quarter ended March 31, 2014, to December 31, 2015, and 1.75:1 thereafter. The table below shows the required and actual ratios under the Credit Agreement calculated as of September 30, 2015:
 
Required Ratio
 
Actual Ratio
Consolidated total leverage ratio
No greater than
 
4.50:1
 
2.93:1
Consolidated senior secured leverage ratio
No greater than
 
2.75:1
 
1.12:1
Consolidated fixed charge coverage ratio
No less than
 
1.50:1
 
1.86:1
Schedule of Maturities of Long-term Debt
The table below shows the scheduled maturity dates of our outstanding debt at September 30, 2015: 
 
Term Loan
 
Revolving Facility
 
INTRUST Line of Credit
 
Total
Year Ending December 31,
(In thousands)
2015
$
562

 
$
—

 
$
—

 
$
562

2016
2,250

 
—

 
—

 
2,250

2017
2,250

 
—

 
—

 
2,250

2018
2,250

 
—

 
—

 
2,250

2019
2,250

 
150,000

 
—

 
152,250

Thereafter
212,063

 
—

 
—

 
212,063

 
$
221,625

 
$
150,000

 
$
—

 
$
371,625