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Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2015
Debt Disclosure [Abstract]  
Long-Term Debt

Long-term debt as of December 31, 2015 and 2014 is summarized as follows (in millions):

 

 

 

2015

 

 

2014

 

Term Loan

 

$

316.6

 

 

$

340.3

 

Less current maturities

 

 

3.8

 

 

 

3.8

 

 

 

$

312.8

 

 

$

336.5

 

 

Scheduled Maturities of Long-Term Debt

The scheduled maturities of long-term debt as of December 31, 2015 are as follows (in millions):

 

Year

 

Amount

 

2016

 

$

3.8

 

2017

 

 

3.8

 

2018

 

 

3.8

 

2019

 

 

3.8

 

2020

 

 

301.4

 

Thereafter

 

 

-

 

 

 

$

316.6

 

 

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

%