Debt and Credit Facilities (Tables)

6 Months Ended

Jun. 30, 2017

Debt Disclosure [Abstract]

Summary of Debt

Debt consisted of the following:

	June 30, 2017		December 31, 2016
7.875% senior secured notes due April 15, 2019	$	—	$	233,154
Term loan and security agreement (a)	$	168,644	$	—

(a) Presented in the condensed consolidated balance sheet as current portion of long-term debt of $3.2 million, net of deferred financing costs and original issue discount of $0.6 million and $0.6 million, respectively; and long-term debt of $165.4 million, net of deferred financing costs and original issue discount of $2.5 million and $2.7 million, respectively.

Margin for Borrowings under Revolving Credit Facility

The applicable margin is based on average daily availability under the revolving credit facility as follows:

Level	Average Daily Availability	Base Rate Loans		LIBOR Revolver Loans
III	≥ $24,000,000	0.50	%	1.50	%
II	> $12,000,000 but < $24,000,000	0.75	%	1.75	%
I	≤ $12,000,000	1.00	%	2.00	%