DEBT (Tables)

6 Months Ended

Jun. 30, 2017

DEBT

Schedule of long-term debt

	June 30,		December 31,
$s in thousands	2017		2016
Revolving credit facility	$	277,000	$	—
Former term loan		—		283,040
Unamortized discount and debt issuance costs		—		(5,678)
Total debt		277,000		277,362
Current portion of long-term debt		—		(2,903)
Long-term debt	$	277,000	$	274,459

Schedule of interest margins based on the total net leverage ratio

Total Net Leverage Ratio	LIBOR Rate Loans Interest Margin	Base Rate Loans Interest Margin
Equal to or greater than 3.25 to 1.00	2.00%	1.00%
Equal to or greater than 2.50 to 1.00, but less than 3.25 to 1.00	1.75%	0.75%
Equal to or greater than 1.75 to 1.00, but less than 2.50 to 1.00	1.50%	0.50%
Equal to or greater than 1.00 to 1.00, but less than 1.75 to 1.00	1.25%	0.25%
Less than 1.00 to 1.00	1.00%	0.00%