The Company and Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2014

Reconciliation of Basic and Diluted Income (Loss) Per Share

The following table illustrates the reconciliation of the basic and diluted income (loss) per share computations required by ASC 260-10, “Earnings Per Share” (in thousands, except share and per share data):

	Three-Month Period
	Ended March 31,
	2014		2013
Basic earnings per share:
Numerator:
Net income (loss)	$	4,388	$	(957	)
Denominator:
Weighted average common shares outstanding		88,683,948		86,459,017
Per share:
Net income (loss) per share	$	0.05	$	(0.01	)
Diluted earnings per share:
Numerator:
Net income (loss)	$	4,388	$	(957	)
Denominator:
Weighted average common shares outstanding		88,683,948		86,459,017
Dilutive securities:
Stock options and restricted stock units		2,259,918		-
Diluted shares outstanding		90,943,866		86,459,017
Per share:
Net income (loss) per share	$	0.05	$	(0.01	)

Margin for Revolving Loans

(ii) thereafter, the Applicable Margin for the Revolving Loans shall equal the applicable LIBOR margin or Base Rate margin in effect from time to time determined as set forth below based upon the applicable First Lien Net Leverage Ratio then in effect pursuant to the appropriate column under the table below:

First Lien Net Leverage Ratio	LIBOR Margin			Base Rate Margin
³ 4.50 to 1.00		2.50	%		1.50	%
< 4.50 to 1.00		2.25	%		1.25	%

Fair Value of Assets and Liabilities on a Recurring Basis

The following table presents the Company’s financial assets and liabilities measured at fair value on a recurring basis in the consolidated balance sheets (in millions):

	March 31, 2014
		Total Fair Value and Carrying Value on Balance Sheet		Fair Value Measurement Category
				Level 1		Level 2		Level 3
Liabilities:
Interest rate swap		$	0.7	$	—	$	0.7	$	—
	December 31, 2013
		Total Fair Value and Carrying Value on Balance Sheet		Fair Value Measurement Category
				Level 1		Level 2		Level 3
Assets:
Interest rate swap		$	0.4	$	—	$	0.4	$	—

Summary of Components of AOCI

Accumulated other comprehensive income (loss) includes the cumulative gains and losses of derivative instruments that qualify as cash flow hedges. The following table provides a rollforward of accumulated other comprehensive income (loss) for the three months ended March 31, 2014 and 2013 (in millions):

	2014			2013
Accumulated other comprehensive income (loss) as of January 1,	$	0.2		$	-
Other comprehensive income (loss)		(1.0	)		-
Income tax benefit (expense)		0.4			-
Other comprehensive income (loss), net of tax		(0.6	)		-
Accumulated other comprehensive income (loss) as of March 31,	$	(0.4	)	$	-