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Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2014
Debt Disclosure [Abstract]  
Long-Term Debt

Long-term debt as of December 31, 2014 and 2013 is summarized as follows (in millions):

 

 

  

2014

 

  

2013

 

Term Loan

  

340.3

  

  

$

364.1

  

Less current maturities

  

 

3.8

  

  

 

3.8

  

 

  

$

336.5

  

  

$

360.3

  

 

Scheduled Maturities of Long-Term Debt

The scheduled maturities of long-term debt as of December 31, 2014 are as follows (in millions):

 

Year

  

Amount

 

2015

  

$

3.8

  

2016

  

 

3.8

  

2017

  

 

3.8

  

2018

  

 

3.8

  

2019

  

 

3.8

  

Thereafter

  

 

321.3

  

 

  

$

340.3

  

 

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

%