Financing Arrangements (Tables)

12 Months Ended

Dec. 31, 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 December 31, 2015:

(in thousands)
2016	$	3,650
2017		3,650
2018		3,650
2019		3,650
2020		3,650
2021 and thereafter		344,925
Total debt		363,175
Unamortized debt discount		(4,210	)
Unamortized debt issuance costs		(5,457	)
Total		353,508
Less current portion		(3,650	)
Total long-term debt	$	349,858

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