Subsequent Events

3 Months Ended

Mar. 31, 2017

Subsequent Events [Abstract]

Subsequent Events

20. Subsequent Events

On May 9, 2017, the Company signed a definitive agreement to sell the businesses underlying the Entertainment segment for $345 million in cash, subject to a customary working capital adjustment.  Subject to customary closing conditions, we expect to close this transaction between the end of the second quarter and the beginning of the third quarter of the year ending December 31, 2017.  As a result of this sale transaction, the Company is required to make mandatory principal prepayments on its Senior Secured Notes and its Senior Secured Term Loan of approximately $152.2 million and $135.3 million, respectively.  Additionally, the Company is required to pay a principal prepayment premium of $15.7 million in accordance with the terms of its Senior Secured Term Loan.  The Company accounted for this principal prepayment premium as a derivative liability as of March 31, 2017 and recorded this amount on its condensed consolidated balance sheet as of March 31, 2017 within accounts payable and accrued expenses.  This amount was allocated to discontinued operations on the Company’s condensed consolidated statement of operations for the Current Quarter.