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LONG-TERM OBLIGATIONS (Tables)
12 Months Ended
Dec. 31, 2018
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt
Long-term debt consists of the following for the periods indicated (amounts in millions):
 
As of December 31,
 
2018
 
2017
$100.0 million Term Loan; principal payments plus accrued interest payable quarterly; interest rate at Base Rate plus Applicable Rate or Eurodollar Rate plus the Applicable Rate (3.57% at December 31, 2017); due August 28, 2020
$

 
$
90.0

$550.0 million Revolving Credit Facility; interest only payments; interest rate at Base Rate plus Applicable Rate or Eurodollar Rate plus the Applicable Rate (3.85% at December 31, 2018); due June 29, 2023
7.5

 

Promissory notes
1.1

 
0.7

Capital leases
2.3

 

Principal amount of long-term obligations
10.9

 
90.7

Deferred debt issuance costs
(3.5
)
 
(1.9
)
 
7.4

 
88.8

Current portion of long-term obligations
(1.6
)
 
(10.6
)
Total
$
5.8

 
$
78.2

Schedule of Maturities of Long-Term Debt
Maturities of debt as of December 31, 2018 are as follows (amounts in millions):
 
 
 
Long-term
obligations
2019
$
1.6

2020
1.4

2021
0.4

2022

2023
7.5

 
$
10.9

Schedule of Commitment Fee Under Credit Facilities
The “Applicable Rate” is based on the consolidated leverage ratio and is presented in the table below. As of December 31, 2018, the Applicable Rate is 0.50% per annum for Base Rate Loans and 1.50% per annum for Eurodollar Rate Loans. We are also subject to a commitment fee and letter of credit fee under the terms of the Credit Facilities, as presented in the table below.
Consolidated Leverage Ratio
 
Base Rate Loans
 
Eurodollar Rate Loans
 
Commitment
Fee
 
Letter of
Credit Fee
> 3.00 to 1.0
 
1.25
%
 
2.25
%
 
0.35
%
 
2.00
%
≤ 3.00 to 1.0 but > 2.00 to 1.0
 
1.00
%
 
2.00
%
 
0.30
%
 
1.75
%
≤ 2.00 to 1.0 but > 1.00 to 1.0
 
0.75
%
 
1.75
%
 
0.25
%
 
1.50
%
≤ 1.00 to 1.0
 
0.50
%
 
1.50
%
 
0.20
%
 
1.25
%