TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments

The following table presents the Term Debt at December 31, 2016:

	(in thousands)
Term Debt, principal amount	$	246,000
Less unamortized debt issuance costs	3,586
Term Debt, principal net of unamortized debt issuance costs	$	242,414
Effective interest rate	3.3		%

Schedule of Debt

At December 31, 2016, future scheduled principal payments on the Company's Term Debt are summarized as follows:

	(in thousands)
2017	$	25,500
2018	63,000
2019	157,500
	$	246,000