LONG-TERM OBLIGATIONS (Tables)

12 Months Ended

Dec. 31, 2013

Debt Disclosure [Abstract]

Long-Term Debt

7. LONG-TERM OBLIGATIONS
Long-term debt consisted of the following for the periods indicated (amounts in millions):
		As of December 31,
		2013		2012
Senior Notes:
	$35.0 million Series A Notes: semi-annual interest only payments; interest rate at 6.07% per annum; due March 25, 2013	$	0.0	$	20.0
	$30.0 million Series B Notes: semi-annual interest only payments; interest rate at 6.28% per annum; due March 25, 2014		0.0		20.0
$60.0 million Term Loan; $3.0 million principal payments plus accrued interest payable quarterly; interest rate at ABR Rate plus applicable percentage or Eurodollar Rate plus the applicable percentage (3.42% at December 31, 2013); due October 26, 2017			45.0		57.0
Promissory notes			1.9		5.7
			46.9		102.7
Current portion of long-term obligations			(13.9)		(35.8)
	Total	$	33.0	$	66.9

Maturities of Long-Term Debt

Maturities of debt as of December 31, 2013 are as follows (amounts in millions):
		Long-term obligations
	2014	$	13.9
	2015		12.0
	2016		12.0
	2017		9.0
	2018		0.0
		$	46.9

Commitment Fee Under Credit Facilities

Total Leverage Ratio	Margin for ABR Loans	Margin for Eurodollar Loans	Commitment Fee
≥ 2.50	2.25%	3.25%	0.50%
< 2.50 and ≥ 2.00	2.00%	3.00%	0.50%
< 2.00 and ≥ 1.50	1.75%	2.75%	0.50%
< 1.50	1.50%	2.50%	0.45%