Debt (Tables)

12 Months Ended

Dec. 31, 2017

Debt Disclosure [Abstract]

Summary of Debt

Debt consisted of the following at December 31:

	2017		2016
7.875% senior secured notes due April 15, 2019	$	—	$	233,154
Term loan and security agreement 1	$	166,949	$	—

¹  Presented in the Consolidated Balance Sheets as the current portion of long-term debt (net of current prepaid debt financing costs of $0.6 million and current original issue discount of $0.6 million) of $3.2 million and long-term debt (net of long-term prepaid debt financing costs of $2.2 million and long-term original issue discount of 2.4 million) of $163.8 million.

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