Financing Arrangements (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2017:

(in thousands)	Amount
Remainder of 2017	$	1,375
2018		2,750
2019		2,750
2020		2,750
2021		2,750
2022		261,937
Total principal outstanding		274,312
Unamortized debt discount		(2,392	)
Unamortized debt issuance costs		(3,241	)
Total		268,679
Less: current portion		(2,750	)
Total long-term debt	$	265,929

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
Q2 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