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Debt and Financing Arrangements (Tables)
9 Months Ended
Sep. 30, 2017
Debt Disclosure [Abstract]  
Debt
 
 
September 30,
 
December 31,
 
 
2017
 
2016
 
 
(In thousands)
Term loan due 2024 ($298.5 million face value)
 
$
297,137

 
$

Term loan due 2021 ($325.7 million face value)
 

 
325,684

Other
 
31,319

 
37,195

Debt issuance costs
 
(7,286
)
 

 
 
321,170

 
362,879

Less: current maturities of debt
 
8,566

 
11,038

Long-term debt
 
$
312,604

 
$
351,841

Schedule of Interest Rate Derivatives
Below is a summary of the Company’s outstanding interest rate swap agreements designated as hedges as of September 30, 2017:

Notional Amount (in millions)
Effective Date
Fixed Rate
Receive Rate
Expiration Date
 
 
 
 
 
$250.0
June 30, 2017
1.372%
1-month LIBOR
June 29, 2018
$250.0
June 29, 2018
1.662%
1-month LIBOR
June 28, 2019
$200.0
June 28, 2019
1.952%
1-month LIBOR
June 30, 2020
$100.0
June 30, 2020
2.182%
1-month LIBOR
June 30, 2021