Financing Arrangements (Tables)

9 Months Ended

Sep. 30, 2015

Debt Disclosure [Abstract]

Schedule of Minimum Payments of Principal Obligations Under Term Facility

The Company’s minimum payments of principal obligations under the Term Facility are as follows as of September 30, 2015:

(in thousands)
Remainder of 2015	$	913
2016		3,650
2017		3,650
2018		3,650
2019		3,650
2020 and thereafter		348,575
Total debt		364,088
Unamortized debt discount		(4,387	)
Unamortized debt issuance costs		(5,684	)
Total		354,017
Less current portion		(3,650	)
Total long-term debt	$	350,367

Schedule of Term Facility Financial Covenants

The financial covenants are displayed in the table below:

Term Facility Financial Covenants

Period	Total Net Leverage Ratio
Q3 2015 to Q1 2016		6.25 to 1.00
Q2 2016 to Q4 2016		6.00 to 1.00
Q1 2017 to Q2 2017		5.50 to 1.00
Thereafter		5.00 to 1.00