The Company and Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2016

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):

	Six-Month Period
	Ended June 30, 2016
	Number Granted		Weighted-Average Fair Value
Restricted stock units		62	$	7.25

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				Six-Month Period
	Ended June 30,				Ended June 30,
	2016		2015		2016		2015
Basic earnings per share:
Numerator:
Net income	$	5,717	$	5,241	$	7,987	$	10,525

Denominator:
Weighted average common shares outstanding		89,134,412		87,832,430		89,015,934		87,682,734

Per share:
Net income per share	$	0.06	$	0.06	$	0.09	$	0.12

Diluted earnings per share:
Numerator:
Net income	$	5,717	$	5,241	$	7,987	$	10,525

Denominator:
Weighted average common shares outstanding		89,134,412		87,832,430		89,015,934		87,682,734
Dilutive securities:
Stock options and restricted stock units		2,006,184		2,259,305		2,020,419		2,406,945
Diluted shares outstanding		91,140,596		90,091,735		91,036,353		90,089,679

Per share:
Net income per share	$	0.06	$	0.06	$	0.09	$	0.12

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):

	June 30, 2016
	Total Fair Value and Carrying Value on Balance Sheet		Fair Value Measurement Category
			Level 1		Level 2		Level 3
Assets:
Certificate of deposit	$	30.0	$	—	$	30.0	$	—
Liabilities:
Interest rate swap	$	7.5	$	—	$	7.5	$	—

	December 31, 2015
	Total Fair Value and Carrying Value on Balance Sheet		Fair Value Measurement Category
			Level 1		Level 2		Level 3
Liabilities:
Interest rate swap	$	6.6	$	—	$	6.6	$	—

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 roll-forward of accumulated other comprehensive income (loss) for the six-month periods ended June 30, 2016 and 2015 (in millions):

	2016			2015
Accumulated other comprehensive income (loss) as of January 1,	$	(4.1	)	$	(2.1	)
Other comprehensive income (loss)		(0.9	)		(1.9	)
Income tax benefit (expense)		0.3			0.7
Other comprehensive income (loss), net of tax		(0.6	)		(1.2	)
Accumulated other comprehensive income (loss) as of June 30,	$	(4.7	)	$	(3.3	)