Financing Arrangements (Tables)

3 Months Ended

Mar. 31, 2017

Debt Disclosure [Abstract]

Schedule of Maturities of Principal Obligations Under New Term Facility

The Company’s maturities of principal obligations under the 2017 Term Facility are as follows as of March 31, 2017:

(in thousands)	Amount
Remainder of 2017	$	2,063
2018		2,750
2019		2,750
2020		2,750
2021		2,750
2022 and thereafter		261,937
Total principal outstanding		275,000
Unamortized debt discount		(2,512	)
Unamortized debt issuance costs		(3,403	)
Total		269,085
Less: current portion		(2,750	)
Total long-term debt	$	266,335

Schedule of Term Facility Financial Covenant

The maximum consolidated leverage ratio permitted by the financial covenant is displayed in the table below:

2017 Facility Financial Covenant

Period	Consolidated Leverage Ratio
Q1 2017 through Q1 2018		5.00 to 1.00
Q2 2018 through Q1 2019		4.75 to 1.00
Thereafter		4.50 to 1.00