The Company and Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2016

Accounting Policies [Abstract]

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, 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				Nine-Month Period
	Ended September 30,				Ended September 30,
	2016		2015		2016		2015
Basic earnings per share:
Numerator:
Net income	$	5,415	$	9,293	$	13,402	$	19,818
Denominator:
Weighted average common shares outstanding		89,590,135		88,090,143		89,208,732		87,820,029
Per share:
Net income per share	$	0.06	$	0.11	$	0.15	$	0.23
Diluted earnings per share:
Numerator:
Net income	$	5,415	$	9,293	$	13,402	$	19,818
Denominator:
Weighted average common shares outstanding		89,590,135		88,090,143		89,208,732		87,820,029
Dilutive securities:
Stock options and restricted stock units		1,899,840		2,333,190		1,980,226		2,382,360
Diluted shares outstanding		91,489,975		90,423,333		91,188,958		90,202,389
Per share:
Net income per share	$	0.06	$	0.10	$	0.15	$	0.22

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
≥ 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, 2016
	Total Fair Value and Carrying Value on Balance Sheet		Fair Value Measurement Category
			Level 1		Level 2		Level 3
Liabilities:
Interest rate swap	$	6.5	$	—	$	6.5	$	—
	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 nine-month periods ended September 30, 2016 and 2015 (in millions):

	2016			2015
Accumulated other comprehensive loss as of January 1,	$	(4.1	)	$	(2.1	)
Other comprehensive income (loss)		0.1			(3.8	)
Income tax benefit		-			1.5
Other comprehensive income (loss), net of tax		0.1			(2.3	)
Accumulated other comprehensive loss as of September 30,	$	(4.0	)	$	(4.4	)