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Reconciliation of Net Income (Loss) to EBITDA (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Segment Reporting [Abstract]        
Net income $ 9,981 $ 22,007 $ 34,159 $ 49,854
Interest expense 7,135 5,729 19,364 16,801
Interest income (60) (73) (236) (221)
Change in fair value of interest rate swaps (836) 0 765 0
Loss on extinguishment of debt 9,525 0 9,525 0
Income tax provision 5,522 12,629 19,188 28,839
Depreciation and amortization 19,459 14,249 53,249 41,117
EBITDA [1] $ 50,700 $ 54,500 $ 136,000 $ 136,400
[1] EBITDA is defined as income (loss) before interest (interest expense, interest income, change in fair value of interest rate swaps, and loss on extinguishment of debt), income taxes, and depreciation and amortization. EBITDA is the primary measure used by our chief operating decision maker to evaluate segment operating performance and to decide how to allocate resources to segments. We believe EBITDA is useful to investors because it provides a means to evaluate the operating performance of our segments and our company on an ongoing basis using criteria that are used by our internal decision makers and because it is frequently used by investors and other interested parties when comparing companies in our industry that have different financing and capital structures and/or tax rates. We believe EBITDA is a meaningful measure because it presents a transparent view of our recurring operating performance and allows management to readily view operating trends, perform analytical comparisons, and identify strategies to improve operating performance. EBITDA, however, is not a measure of our liquidity or financial performance under GAAP and should not be considered as an alternative to net income (loss), income (loss) from operations, or any other performance measure derived in accordance with GAAP or as an alternative to cash flow from operating activities as a measure of our liquidity. The use of EBITDA instead of net income (loss) or segment income (loss) has limitations as an analytical tool, including the inability to determine profitability; the exclusion of interest expense, interest income, and associated significant cash requirements; and the exclusion of depreciation and amortization, which represent unavoidable operating costs. Management compensates for the limitations of EBITDA by relying on our GAAP results. Our measure of EBITDA is not necessarily comparable to other similarly titled captions of other companies due to potential inconsistencies in the methods of calculation.The following is a reconciliation of net income to EBITDA for the consolidated company: Three Months EndedSeptember 30 Nine Months EndedSeptember 30 2016 2015 2016 2015 (millions)Net income$10.0 $22.0 $34.2 $49.9Interest expense7.1 5.7 19.4 16.8Interest income(0.1) (0.1) (0.2) (0.2)Change in fair value of interest rate swaps(0.8) — 0.8 —Loss on extinguishment of debt9.5 — 9.5 —Income tax provision5.5 12.6 19.2 28.8Depreciation and amortization19.5 14.2 53.2 41.1EBITDA$50.7 $54.5 $136.0 $136.4