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Long-Term Debt (Tables)
6 Months Ended
Jun. 30, 2015
Long-Term Debt [Abstract]  
Debt Outstanding

 

 

 

 

 

 

Revolver

$

65,000 

Term loan

 

95,000 

Total

 

160,000 

Current portion of term and revolving loan

 

(7,500)

Long-term debt

$

152,500 

 

Schedule of Principal Payments of the Term Loan

 

 

 

2015 

$

3,750 
2016 

 

7,500 
2017 

 

8,750 
2018 

 

10,000 
2019 

 

65,000 

 

$

95,000 

 

Financial Debt Covenants

 

 

 

 

 

 

Description

 

Requirement

 

 

 

Leverage Ratio (Consolidated Indebtedness/Consolidated  Adj. EBITDA)

 

<  3.50 to 1.00

 

 

 

Fixed Charge Coverage Ratio (Consolidated Free Cash Flow/Consolidated Fixed Charges)

 

>  1.50 to 1.00

 

 

 

Annual Operating Lease Commitment

 

<  $50.0 million