XML 25 R13.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Interest Expense | 3 Months Ended
--- | ---
Mar. 31, 2018
Interest and Debt Expense [Abstract] |
Interest Expense | Interest Expense The following tables present the components of interest expense:
| For the Three Months Ended March 31,
| 2018 |  | 2017
| (Dollars in thousands)
Interest incurred on debt | $ | 12,919 |  |  | $ | 5,870 |
Senior Note redemption premium | 4,782 |  |  | — |
Accretion of fair value adjustment on Senior Notes | 19,414 |  |  | 1,599 |
Accretion of original issue discount on 2018 Term Loan | 88 |  |  | — |
Amortization of debt issuance costs | 662 |  |  | 77 |
Total interest expense | $ | 37,865 |  |  | $ | 7,546 |
Interest Rates The 2018 Credit Agreement had an effective interest rate of 5.08% as of March 31, 2018. The Old Revolving Facility and Old Term Loan Facility had an effective interest rate of 4.57% as of December 31, 2017 and the Senior Notes had a fixed interest rate of 6.375%, both of which were repaid on February 12, 2018 as part of our refinancing (see Note 6 "Debt and Liquidity"). As a result of our February 12, 2018 refinancing, we paid a prepayment premium for the redemption of our Senior Notes totaling $4.8 million. The accretion of the August 15, 2015 fair value adjustment to our Senior Notes totaling $19.4 million included accelerated accretion of $18.7 million for the three months ended March 31, 2018 resulting from the prepayment.

X
- References No definition available. + Details
Name: | us-gaap_InterestAndDebtExpenseAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for interest income and interest expense for enterprises that derive a significant portion of their revenue from interest collected on investments, loans, and securities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.1-12) -URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882 + Details
Name: | us-gaap_InterestIncomeAndInterestExpenseDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration