The Company and Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2015

Fair Value of Each Stock Option Granted Weighted-Average Assumptions

The fair value of each stock option granted was estimated using the following weighted-average assumptions:

	Nine-Month Period Ended September 30, 2015
Fair value of options granted	$	4.10
Expected volatility		84	%
Risk-free interest rate		1.6	%
Expected lives		6.0 years
Dividend rate		1.6	%

Summary of Nonvested Restricted Stock Units Granted

The following is a summary of non-vested restricted stock units granted (in thousands, except grant date fair value data):

	Nine-Month Period
	Ended September 30, 2015
	Number Granted		Weighted-Average Fair Value
Restricted stock units		62	$	6.76

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 Accounting Standards Codification (ASC) 260-10, “Earnings per Share” (in thousands, except share and per share data):

	Three-Month Period				Nine-Month Period
	Ended September 30,				Ended September 30,
	2015		2014		2015		2014
Basic earnings per share:
Numerator:
Net income (loss)	$	9,293	$	8,057	$	19,818	$	21,180

Denominator:
Weighted average common shares outstanding		88,090,143		89,179,192		87,820,029		89,048,459

Per share:
Net income (loss) per share	$	0.11	$	0.09	$	0.23	$	0.24

Diluted earnings per share:
Numerator:
Net income (loss)	$	9,293	$	8,057	$	19,818	$	21,180

Denominator:
Weighted average common shares outstanding		88,090,143		89,179,192		87,820,029		89,048,459
Dilutive securities:
Stock options and restricted stock units		2,333,190		2,060,606		2,382,360		2,082,154
Diluted shares outstanding		90,423,333		91,239,798		90,202,389		91,130,613

Per share:
Net income (loss) per share	$	0.10	$	0.09	$	0.22	$	0.23

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):

	September 30, 2015
	Total Fair Value and Carrying Value on Balance Sheet		Fair Value Measurement Category
			Level 1		Level 2		Level 3
Liabilities:
Interest rate swap	$	7.2	$	—	$	7.2	$	—
Contingent Consideration	$	0.1	$	—	$	—	$	0.1

	December 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	$	3.4	$	—	$	3.4	$	—
Contingent Consideration	$	1.3	$	—	$	—	$	1.3

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 nine-month periods ended September 30, 2015 and 2014 (in millions):

	2015			2014
Accumulated other comprehensive income (loss) as of January 1,	$	(2.1	)	$	0.2
Other comprehensive income (loss)		(3.8	)		(2.1	)
Income tax benefit (expense)		1.5			0.8
Other comprehensive income (loss), net of tax		(2.3	)		(1.3	)
Accumulated other comprehensive income (loss) as of September 30,	$	(4.4	)	$	(1.1	)