Long-Term Debt

12 Months Ended

Dec. 31, 2015

Debt Disclosure [Abstract]

Long-Term Debt

Long-Term Debt

The Company paid the outstanding balance on its term loan at maturity on July 31, 2013. For the year ended December 31, 2013, the Company recorded interest expense related to the term loan at an average interest rate of 1.04%. The interest expense on the term loan and amortization related to debt financing costs were as follows:

	Year Ended December 31, 2013
(in thousands)	Interest Expense		Amortization
July 31, 2008 term loan	$	230	$	149