XML 32 R20.htm IDEA: XBRL DOCUMENT v3.8.0.1
Subsequent Events
3 Months Ended
Mar. 31, 2018
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events
On April 3, 2018, the Company amended the Term Loan to reprice the Revolving Loan, reducing interest margins by 25 basis points. Borrowings under the Term Loan continue to bear interest at either (i) the ABR plus a margin or (ii) LIBOR plus a margin based upon a net leverage ratio as defined in the agreement governing the Term Loan. The amended margin is 0.75% for ABR borrowings and 1.75% for LIBOR borrowings effective April 3, 2018. Additionally, the Company amended its covenant on restricted payments, such that the Company is permitted to make restricted payments so long as the total net leverage ratio is less than 3.75:1.00.