Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2013

Debt Disclosure [Abstract]

Components of Long-term debt

Long-term debt consisted of the following:

	As of December 31,
(in thousands)	2013		2012
Variable rate credit facility	$	—	$	—
Term loan	200,000		196,100
Long-term debt	200,000		196,100
Current portion of long-term debt	2,000		15,900
Long-term debt (less current portion)	$	198,000	$	180,200
Fair value of long-term debt *	$	200,000	$	196,100

* For 2013, fair value of the term loan was estimated based on quoted private market transactions and are classified as Level 1 in the fair value hierarchy. For 2012, fair value of the term loan was estimated based on current rates available to the Company for debt of the same remaining maturity and are classified as Level 2 in the fair value hierarchy.