XML 69 R48.htm IDEA: XBRL DOCUMENT v3.8.0.1
Debt and Financing Arrangements (Tables)
12 Months Ended
Dec. 31, 2017
Debt Disclosure [Abstract]  
Debt
 
 
December 31, 2017
 
December 31, 2016
(In thousands)
 
 
Term loan due 2024 ($297.8 million face value)
 
$
296,435

 
$

Term loan due 2021 ($325.7 million face value)
 
$

 
$
325,684

Other
 
36,514

 
37,195

Debt issuance costs
 
(7,032
)
 

 
 
325,917

 
362,879

Less current maturities of debt
 
15,783

 
11,038

Long-term debt
 
$
310,134

 
$
351,841

Schedule of Interest Rate Swap Agreements
Below is a summary of the Company’s outstanding interest rate swap agreements designated as hedges as of
December 31, 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
$150.0
June 30, 2020
2.182%
1-month LIBOR
June 30, 2021
Schedule of Maturities of Long-term Debt
The contractual maturities of debt as of December 31, 2017 are as follows:
Year
 
(In thousands)
2018
 
$
16,809

2019
 
11,119

2020
 
11,442

2021
 
8,853

2022
 
3,130

Thereafter
 
282,911

 
 
$
334,264