Preferred Stock (Tables)

6 Months Ended

Jun. 30, 2017

Equity [Abstract]

Schedule of Preferred Stock

Preferred stock as of June 30, 2017 and December 31, 2016 consisted of the following (in thousands):

	June 30, 2017		December 31, 2016
Preferred stock:
Series B Preferred	$	143,417	$	—
Series C Preferred	62,077		—
Series D Preferred	5,636		—
Series E Preferred	88,604		—
Series F Preferred	247,124		—
Total Preferred stock	$	546,858	$	—

Certain Terms of the Preferred Stock

	Series B	Series C	Series D	Series E	Series F
Shares at $0.01 Par Value at issuance	155,000	55,000	100	90,000	240,500
Shares outstanding as of June 30, 2017	155,000	55,000	100	90,000	240,500
Price / Share	$1,000	$1,000	$1.00	$1,000	$1,000
Dividend Rate	Adjusted LIBOR + 3.00% + Additional Rate (4.75-12.50%) based on leverage. Additional 3.00% upon certain triggering events.	Adjusted LIBOR + 3.00% + Additional Rate (4.75-12.50%) based on leverage. Additional 3.00% upon certain triggering events.	Right to participate equally and ratably in all cash dividends paid on common stock.	Adjusted LIBOR + 5.25% + Additional Rate (8.50%). Additional 3.00% upon certain triggering events.	Adjusted LIBOR + 6.25% at closing. Additional 3.00% upon certain triggering events.
Dividend rate as of 6/30/2017	16.50%	16.50%	14.75%	14.75%	7.25%
Redemption Term	8 Years	8 Years	8 Years	6 Years	6 Years
Redemption Rights	From Closing Date: 12-24 months: 105% 24-36 months: 103%	65% premium (subject to stock movement)		From Closing Date: 0-12 months: 106.5% 12-24 months: 103.5%	(a) Refinancing Date: 101.0% upon redemption with New ABL Facility (b) From Closing Date:  Refinancing Date-12 months: 106.5% 12-24 months: 103.5%