LONG-TERM OBLIGATIONS (Tables)

12 Months Ended

Dec. 31, 2014

Debt Disclosure [Abstract]

Long-Term Debt

6. LONG-TERM OBLIGATIONS
Long-term debt consisted of the following for the periods indicated (amounts in millions):
		As of December 31,
		2014		2013
$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 (3.17% at December 31, 2014); due October 26, 2017		$	33.0	$	45.0
$120.0 million Revolving Credit Facility; interest only quarterly payments; interest rate at ABR Rate plus applicable percentage or Eurodollar Rate plus the applicable percentage (3.17% at December 31, 2014); due October 26, 2017			15.0		0.0
$70.0 million Second Lien Loan; interest only quarterly payments; interest rate at ABR Rate plus applicable percentage or Eurodollar Rate plus the applicable percentage (8.50% at December 31, 2014); due July 28, 2020			70.0		0.0
Discount on Second Lien Loan			(1.6)		0.0
Promissory notes			0.0		1.9
			116.4		46.9
Current portion of long-term obligations			(12.0)		(13.9)
	Total	$	104.4	$	33.0

Maturities of Long-Term Debt

Maturities of debt as of December 31, 2014 are as follows (amounts in millions):
		Long-term obligations
	2015	$	12.0
	2016		12.0
	2017		24.0
	2018		0.0
	2019		0.0
	Future years		70.0
		$	118.0

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%