Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Components of Long-term debt

Long-term debt consisted of the following:

	As of December 31,
(in thousands)	2016			2015
Variable rate credit facility	$	—		$	—
Term loan B	390,521			394,500
Debt issuance costs on term loan B	(2,648		)	(3,325		)
Net term loan B	387,873			391,175
Unsecured subordinated notes payable	5,312			7,968
Long-term debt	393,185			399,143
Current portion of long-term debt	6,571			6,656
Long-term debt, less current portion	$	386,614		$	392,487
Fair value of long-term debt *	$	395,514		$	396,576

* Fair value of the term loan was estimated based on quoted private market transactions and is classified as Level 1 in the fair value hierarchy. The fair value of the unsecured promissory notes is determined based on a discounted cash flow analysis using current market interest rates of comparable instruments and is classified as Level 2 in the fair value hierarchy.