Financing Arrangements (Tables)

6 Months Ended

Jun. 30, 2016

Debt Disclosure [Abstract]

Schedule of Maturities of Principal Obligations Under Term Facility

The Company’s maturities of principal obligations under the Term Facility are as follows as of June 30, 2016:

(in thousands)
Remainder of 2016	$	1,825
2017		3,650
2018		3,650
2019		3,650
2020		3,650
2021 and thereafter		344,925
Total debt		361,350
Unamortized debt discount		(3,860	)
Unamortized debt issuance costs		(5,002	)
Total		352,488
Less current portion		(3,650	)
Total long-term debt	$	348,838

Schedule of Term Facility Financial Covenants

The financial covenants are displayed in the table below:

Term Facility Financial Covenants

Period	Total Net Leverage Ratio
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