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LONG-TERM DEBT (Narrative) (Details) (USD $)
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3 Months Ended | ||||
|---|---|---|---|---|---|
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Mar. 31, 2012
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Jan. 01, 2011
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Dec. 31, 2011
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Apr. 02, 2011
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Oct. 15, 2010
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| Debt Instrument [Line Items] | |||||
| Revolving credit facility | $ 236,000,000 | $ 236,000,000 | $ 236,000,000 | ||
| Current maturities | 0 | 0 | 0 | ||
| Total long-term debt | 236,000,000 | 236,000,000 | 236,000,000 | ||
| Repayments of Long-term Lines of Credit | 232,200,000 | ||||
| Revolving credit facility interest rate description | The revolving credit facility provides for two pricing options for U.S. dollar facility revolving loans: (i) revolving loans on which interest is payable quarterly at a base rate equal to the highest of (x) the Federal Funds Rate plus ½ of 1%, (y) the rate of interest in effect for such day as publicly announced from time to time by Bank of America, N.A. as its prime rate, or (z) the Eurodollar Rate plus 1%, plus, in each case, an applicable margin initially equal to 1.25%, which may be adjusted based upon a leverage-based pricing grid ranging from 1.00% to 1.50% and (ii) revolving loans on which interest accrues for one, two, three, six or if, generally available, nine or twelve month interest periods (but is payable not less frequently than every three months) at a rate of interest per annum equal to an adjusted British Bankers Association LIBOR rate, plus an applicable margin initially equal to 2.25%, which may be adjusted based upon a leverage-based pricing grid ranging from 2.00% to 2.50%. The revolving credit facility also provides for two pricing options for multicurrency facility revolving loans denominated in U.S. dollars: (i) revolving loans on which interest is payable quarterly at a base rate equal to the highest of (x) the Federal Funds Rate plus ½ of 1%, (y) the rate of interest in effect for such day as publicly announced from time to time by Bank of America, N.A., Canada Branch in Toronto as its reference rate for loans in U.S. dollars to its Canadian borrowers, or (z) the Eurodollar Rate plus 1%, plus, in each case, an applicable margin initially equal to 1.25%, which may be adjusted based upon a leverage-based pricing grid ranging from 1.00% to 1.50% and (ii) revolving loans on which interest accrues for one, two, three, six or if, generally available, nine or twelve month interest periods (but is payable not less frequently than every three months) at a rate of interest per annum equal to an adjusted British Bankers Association LIBOR rate, plus an applicable margin initially equal to 2.25%, which may be adjusted based upon a leverage-based pricing grid ranging from 2.00% to 2.50%. In addition, the revolving credit facility provides for two pricing options for multicurrency facility revolving loans denominated in Canadian dollars: (i) revolving loans on which interest is payable quarterly at a base rate equal to the highest of (x) the rate of interest in effect for such day as publicly announced from time to time by Bank of America, N.A., Canada Branch in Toronto as its prime rate for loans in Canadian Dollars to Canadian Borrowers and (y) the rate of interest in effect for such day for Canadian dollar bankers’ acceptances having a term of one month that appears on the Reuters Screen CDOR Page plus ½ of 1%, plus, in each case, an applicable margin initially equal to 1.25%, which may be adjusted based upon a leverage-based pricing grid ranging from 1.00% to 1.50%, and (ii) revolving loans on which interest accrues for one, two, three, six or if, generally available, nine or twelve month interest periods (but is payable not less frequently than every three months) at a rate of interest per annum equal to an adjusted British Bankers Association LIBOR rate, plus an applicable margin initially equal to 2.25%, which may be adjusted based upon a leverage-based pricing grid ranging from 2.00% to 2.50%. | ||||
| Applicable rate of interest on borrowed funds | 0.0225 | ||||
| Covenant terms | The revolving credit facility contains and defines financial covenants, including a lease adjusted leverage ratio (defined as, with certain adjustments, the ratio of the Company’s consolidated indebtedness plus six times rent expense to consolidated net income before interest, taxes, depreciation, amortization, and rent expense (“EBITDAR”)) to exceed (x) if such period ends on or before December 31, 2014, 3.75:1.00 and (y) if such period ends after December 31, 2014, 3.50:1.00; and consolidated fixed charge coverage ratio (defined as, with certain adjustments, the ratio of consolidated EBITDAR to consolidated fixed charges (defined as interest plus rent expense)), for any such period to be less than 2.75:1.00. | ||||
| Write off of Deferred Debt Issuance Cost | 1,200,000 | ||||
| Deferred Finance Costs, Gross | 3,500,000 | ||||
| Debt instrument debt issuance cost amortization period | 5 | ||||
| Transaction fees and expenses associated with former term loan pay off | 3,800,000 | ||||
| Line Of Credit Facility Dividend Restrictions Maximum | 15,000,000 | ||||
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Ends on or before December 31, 2014 [Member]
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| Debt Instrument [Line Items] | |||||
| Debt covenants, EBITDAR restrictions (as a ratio) | 3.75 | ||||
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Ends after December 31, 2014 [Member]
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|||||
| Debt Instrument [Line Items] | |||||
| Debt covenants, EBITDAR restrictions (as a ratio) | 3.50 | ||||
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Any period [Member]
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|||||
| Debt Instrument [Line Items] | |||||
| Debt covenants, EBITDAR restrictions (as a ratio) | 2.75 | ||||
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U.S. dollar facility revolving loans [Member]
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| Debt Instrument [Line Items] | |||||
| Revolving credit facility | 340,000,000 | ||||
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U.S. dollar facility revolving loans [Member] | Federal Funds Rate [Member]
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| Debt Instrument [Line Items] | |||||
| Variable interest rate, index | Federal Funds | ||||
| Variable interest rate, basis spread (as a percentage) | 0.50% | ||||
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U.S. dollar facility revolving loans [Member] | Eurodollar Rate [Member]
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| Debt Instrument [Line Items] | |||||
| Variable interest rate, index | Eurodollar | ||||
| Variable interest rate, basis spread (as a percentage) | 1.00% | ||||
| Variable interest rate, initial margin on basis spread (as a percentage) | 1.25% | ||||
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U.S. dollar facility revolving loans [Member] | Eurodollar Rate [Member] | Minimum [Member]
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|||||
| Debt Instrument [Line Items] | |||||
| Variable interest rate, basis spread (as a percentage) | 1.00% | ||||
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U.S. dollar facility revolving loans [Member] | Eurodollar Rate [Member] | Maximum [Member]
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|||||
| Debt Instrument [Line Items] | |||||
| Variable interest rate, basis spread (as a percentage) | 1.50% | ||||
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U.S. dollar facility revolving loans [Member] | British Bankers Association LIBOR Rate [Member]
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|||||
| Debt Instrument [Line Items] | |||||
| Variable interest rate, index | British Bankers Association LIBOR | ||||
| Variable interest rate, initial margin on basis spread (as a percentage) | 2.25% | ||||
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U.S. dollar facility revolving loans [Member] | British Bankers Association LIBOR Rate [Member] | Minimum [Member]
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| Debt Instrument [Line Items] | |||||
| Variable interest rate, basis spread (as a percentage) | 2.00% | ||||
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U.S. dollar facility revolving loans [Member] | British Bankers Association LIBOR Rate [Member] | Maximum [Member]
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| Debt Instrument [Line Items] | |||||
| Variable interest rate, basis spread (as a percentage) | 2.50% | ||||
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Multicurrency Credit Facility [Member]
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| Debt Instrument [Line Items] | |||||
| Revolving credit facility | 35,000,000 | ||||
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Multicurrency facility loans denominated in U.S. dollars [Member] | Federal Funds Rate [Member]
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| Debt Instrument [Line Items] | |||||
| Variable interest rate, index | Federal Funds | ||||
| Variable interest rate, basis spread (as a percentage) | 0.50% | ||||
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Multicurrency facility loans denominated in U.S. dollars [Member] | Eurodollar Rate [Member]
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| Debt Instrument [Line Items] | |||||
| Variable interest rate, index | Eurodollar | ||||
| Variable interest rate, basis spread (as a percentage) | 1.00% | ||||
| Variable interest rate, initial margin on basis spread (as a percentage) | 1.25% | ||||
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Multicurrency facility loans denominated in U.S. dollars [Member] | Eurodollar Rate [Member] | Minimum [Member]
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|||||
| Debt Instrument [Line Items] | |||||
| Variable interest rate, basis spread (as a percentage) | 1.00% | ||||
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Multicurrency facility loans denominated in U.S. dollars [Member] | Eurodollar Rate [Member] | Maximum [Member]
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|||||
| Debt Instrument [Line Items] | |||||
| Variable interest rate, basis spread (as a percentage) | 1.50% | ||||
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Multicurrency facility loans denominated in U.S. dollars [Member] | British Bankers Association LIBOR Rate [Member]
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| Debt Instrument [Line Items] | |||||
| Variable interest rate, index | British Bankers Association LIBOR | ||||
| Variable interest rate, initial margin on basis spread (as a percentage) | 2.25% | ||||
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Multicurrency facility loans denominated in U.S. dollars [Member] | British Bankers Association LIBOR Rate [Member] | Minimum [Member]
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|||||
| Debt Instrument [Line Items] | |||||
| Variable interest rate, basis spread (as a percentage) | 2.00% | ||||
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Multicurrency facility loans denominated in U.S. dollars [Member] | British Bankers Association LIBOR Rate [Member] | Maximum [Member]
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| Debt Instrument [Line Items] | |||||
| Variable interest rate, basis spread (as a percentage) | 2.50% | ||||
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Multicurrency facility loans denominated in Canadian dollars [Member] | CDOR Rate [Member]
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| Debt Instrument [Line Items] | |||||
| Variable interest rate, index | CDOR | ||||
| Variable interest rate, basis spread (as a percentage) | 0.50% | ||||
| Variable interest rate, initial margin on basis spread (as a percentage) | 1.25% | ||||
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Multicurrency facility loans denominated in Canadian dollars [Member] | CDOR Rate [Member] | Minimum [Member]
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|||||
| Debt Instrument [Line Items] | |||||
| Variable interest rate, basis spread (as a percentage) | 1.00% | ||||
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Multicurrency facility loans denominated in Canadian dollars [Member] | CDOR Rate [Member] | Maximum [Member]
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|||||
| Debt Instrument [Line Items] | |||||
| Variable interest rate, basis spread (as a percentage) | 1.50% | ||||
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Multicurrency facility loans denominated in Canadian dollars [Member] | British Bankers Association LIBOR Rate [Member]
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| Debt Instrument [Line Items] | |||||
| Variable interest rate, index | British Bankers Association LIBOR | ||||
| Variable interest rate, initial margin on basis spread (as a percentage) | 2.25% | ||||
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Multicurrency facility loans denominated in Canadian dollars [Member] | British Bankers Association LIBOR Rate [Member] | Minimum [Member]
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|||||
| Debt Instrument [Line Items] | |||||
| Variable interest rate, basis spread (as a percentage) | 2.00% | ||||
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Multicurrency facility loans denominated in Canadian dollars [Member] | British Bankers Association LIBOR Rate [Member] | Maximum [Member]
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| Debt Instrument [Line Items] | |||||
| Variable interest rate, basis spread (as a percentage) | 2.50% | ||||
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Line of Credit BOA [Member]
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| Debt Instrument [Line Items] | |||||
| Revolving credit facility | 375,000,000 | ||||
| Available under the revolver for future borrowings | 130,000,000 | ||||
| Effective interest rate (in hundredths) | 2.49% | ||||
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Letter of Credit BOA [Member]
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| Debt Instrument [Line Items] | |||||
| Revolving credit facility | 130,000,000 | ||||
| Outstanding letters of credit | 14,500,000 | ||||
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Letter of Credit BOA [Member] | U.S. dollar facility revolving loans [Member]
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| Debt Instrument [Line Items] | |||||
| Revolving credit facility | 130,000,000 | ||||
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Letter of Credit BOA [Member] | Multicurrency Credit Facility [Member]
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| Debt Instrument [Line Items] | |||||
| Revolving credit facility | 15,000,000 | ||||
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Swingline BOA [Member]
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| Debt Instrument [Line Items] | |||||
| Maximum borrowing capacity | 40,000,000 | ||||
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Swingline BOA [Member] | U.S. dollar facility revolving loans [Member]
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| Debt Instrument [Line Items] | |||||
| Maximum borrowing capacity | 40,000,000 | ||||
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Swingline BOA [Member] | Multicurrency Credit Facility [Member]
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| Debt Instrument [Line Items] | |||||
| Maximum borrowing capacity | 5,000,000 | ||||
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Former letter of credit [Member]
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| Debt Instrument [Line Items] | |||||
| Outstanding letters of credit | $ 8,600,000 | ||||