XML 38 R26.htm IDEA: XBRL DOCUMENT v3.7.0.1
Long-Term Debt (Tables)
 3 Months Ended
Mar. 31, 2017
Debt Disclosure [Abstract]  
Components of Long-term debt
Long-term debt consisted of the following:
(in thousands)
 
As of 
 March 31, 
 2017
 
As of 
 December 31, 
 2016
 
 
 
 
 
Variable rate credit facility
 
$
—

 
$
—

Term loan B
 
389,542

 
390,521

Debt issuance costs on term loan B
 
(2,479
)
 
(2,648
)
Net term loan B
 
387,063

 
387,873

Unsecured subordinated notes payable
 
5,312

 
5,312

Long-term debt
 
392,375


393,185

Current portion of long-term debt
 
2,656

 
6,571

Long-term debt, less current portion
 
$
389,719

 
$
386,614

Fair value of long-term debt *
 
$
398,650

 
$
395,514


* Fair value of the term loan was estimated based on quoted private market transactions and is classified as Level 1 in the fair value hierarchy. The fair value of the unsecured promissory notes is determined based on a discounted cash flow analysis using current market interest rates of comparable instruments and is classified as Level 2 in the fair value hierarchy.