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LONG-TERM OBLIGATIONS (Tables)
12 Months Ended
Dec. 31, 2017
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt
Long-term debt consisted of the following for the periods indicated (amounts in millions):
 
As of December 31,
 
2017
 
2016
$100.0 million Term Loan; principal payments plus accrued interest payable quarterly; interest rate at ABR Rate plus applicable percentage or Eurodollar Rate plus the applicable percentage (3.57% at December 31, 2017); due August 28, 2020
$
90.0

 
$
95.0

$200.0 million Revolving Credit Facility; interest only quarterly payments; interest rate at ABR Rate plus applicable percentage or Eurodollar Rate plus the applicable percentage; due August 28, 2020

 

Promissory notes
0.7

 
0.7

Principal amount of long-term obligations
90.7

 
95.7

Deferred debt issuance costs
(1.9
)
 
(2.7
)
 
88.8

 
93.0

Current portion of long-term obligations
(10.6
)
 
(5.2
)
Total
$
78.2

 
$
87.8

Schedule of Maturities of Long-Term Debt
Maturities of debt as of December 31, 2017 are as follows (amounts in millions):
 
 
 
Long-term
obligations
2018
$
10.6

2019
10.1

2020
70.0

2021

2022

 
$
90.7

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, 2017, the Applicable Rate is 1.00% per annum for Base Rate Loans and 2.00% 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
 
Margin for ABR
Loans
 
Margin for Eurodollar
Loans
 
Commitment
Fee
 
Letter of
Credit Fee
≥ 2.75 to 1.0
 
2.00
%
 
3.00
%
 
0.40
%
 
3.00
%
< 2.75 to 1.0 but ≥ 1.75 to 1.0
 
1.50
%
 
2.50
%
 
0.35
%
 
2.50
%
< 1.75 to 1.0 but ≥ 0.75 to 1.0
 
1.00
%
 
2.00
%
 
0.30
%
 
2.00
%
< 0.75 to 1.0
 
0.50
%
 
1.50
%
 
0.25
%
 
1.50
%