DEBT (Tables)

12 Months Ended

Dec. 31, 2014

DEBT

Schedule of long-term debt

$s in thousands	December 31, 2014			December 31, 2013
Term loan	$	395,616		$	—
Net discount on term loan	$	(963	)		—
Total debt		394,653			—
Current portion of long-term debt		(3,828	)		—
Long-term debt	$	390,825		$	—

Schedule of future maturities of long-term debt, excluding the net discount

Future maturities of long-term debt, excluding the net discount, as of December 31, 2014 consist of the following:

$s in thousands	Maturities
2015	$	3,976
2016		3,976
2017		3,976
2018		3,976
2019		3,976
Thereafter		375,736
	$	395,616

Schedule of maximum consolidated senior secured leverage ratio for different periods

Fiscal Quarters Ending	Maximum Ratio
June 30, 2014 through September 30, 2015		4.00 to 1.00
December 31, 2015 through September 30, 2016		3.75 to 1.00
December 31, 2016 through September 30, 2017		3.50 to 1.00
December 31, 2017 through September 30, 2018		3.25 to 1.00
December 31, 2018 and thereafter		3.00 to 1.00