Financing Arrangements - Additional Information (Detail) - USD ($)
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1 Months Ended |
3 Months Ended |
6 Months Ended |
12 Months Ended |
Jun. 30, 2015 |
Nov. 30, 2016 |
Sep. 30, 2016 |
Jun. 30, 2015 |
Jun. 30, 2015 |
Jun. 30, 2015 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
Debt Instrument [Line Items] |
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Debt retirement costs |
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$ 1,896,000
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Loss on extinguishment of debt |
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$ 0
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$ 15,528,000
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$ 0
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Accrued interest paid up to redemption date |
$ 3,300,000
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Consolidated fixed charge coverage ratio to be maintained |
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100.00%
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Deposits to be made in case of default equaling, percentage of greatest amount of letter of credit drawn |
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105.00%
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Debt issuance costs |
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$ 11,000
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6,304,000
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$ 175,000
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LMI [Member] |
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Debt Instrument [Line Items] |
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Debt issuance costs |
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$ 5,900,000
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Fees and expenses incurred in connection with amendment |
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$ 400,000
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Seven Year Term Facility [Member] |
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Debt Instrument [Line Items] |
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Debt instrument, face amount |
$ 365,000,000
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$ 365,000,000
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$ 365,000,000
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$ 365,000,000
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Debt instrument discount percentage |
1.25%
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1.25%
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1.25%
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1.25%
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Debt instrument discount amount |
$ 4,600,000
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$ 4,600,000
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$ 4,600,000
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$ 4,600,000
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Increase in aggregate amount |
37,500,000
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37,500,000
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37,500,000
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37,500,000
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Description of variable rate basis |
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The term loans under the Term Facility bear interest, with pricing based from time to time at LMI's election at (i) LIBOR plus a spread of 6.00% (with a LIBOR rate floor of 1.00%) or (ii) the Base Rate (as defined in the Term Facility Agreement) plus a spread of 5.00%.
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Interest rate at end of period |
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7.00%
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Prepayment terms |
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LMI is permitted to voluntarily prepay the Term Facility, in whole or in part, with a premium applicable for the first six months of the Term Facility in connection with a repricing transaction.
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Percentage of principal amount required to be paid quarterly |
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(0.25%)
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Maturity date of term facility |
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Jun. 30, 2022
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Percentage of net cash proceeds of related to sales outside the ordinary course of business or other dispositions of assets |
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100.00%
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Percentage of net cash proceeds from issuances or incurrence of debt |
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100.00%
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Percentage of excess cash flow |
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50.00%
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Voluntary prepayment amount |
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$ 75,000,000
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$ 75,000,000
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Amount of cash in hand for voluntary prepayment of debt |
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26,200,000
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26,200,000
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Proceeds from follow on offering, net |
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48,800,000
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$ 48,800,000
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Seven Year Term Facility [Member] | Second Voluntary Prepayment [Member] |
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Debt Instrument [Line Items] |
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Debt retirement costs |
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$ 1,900,000
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Seven Year Term Facility [Member] | Zurich Insurance Settlement [Member] |
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Debt Instrument [Line Items] |
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Percentage of net payments from insurance settlement |
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50.00%
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Seven Year Term Facility [Member] | Interest Rate Floor [Member] |
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Debt Instrument [Line Items] |
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Basis spread on variable rate (as a percent) |
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5.00%
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Revolving Line of Credit [Member] |
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Debt Instrument [Line Items] |
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Unfunded standby letter of credit outstanding |
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$ 8,800,000
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Letter of credit, expiration date |
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Feb. 28, 2017
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Renewal period of unfunded standby letter of credit |
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1 year
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Period required for non renewal notification of debt instrument |
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60 days
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Unfunded standby letter of credit payment term |
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The unfunded Standby Letter of Credit requires an annual fee, payable quarterly, which is set at LIBOR plus a spread of 2.00% and expired during February 2017.
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Borrowing base |
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$ 44,600,000
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Available borrowing capacity |
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35,700,000
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Accrued interest |
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100,000
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Debt instrument covenant, excess availability threshold for more than specified period of time |
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$ 7,500,000
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Percentage threshold of borrowing base to be maintained |
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15.00%
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Amount of excess availability |
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$ 5,000,000
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Revolving Line of Credit [Member] | LMI [Member] |
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Debt Instrument [Line Items] |
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Increase in aggregate amount |
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$ 50,000,000
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Description of variable rate basis |
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The loans under the Revolving Facility bear interest subject to a pricing grid based on average historical excess availability, with pricing based from time to time at the election of LMI at (i) LIBOR plus a spread ranging from 2.00% or (ii) the Reference Rate (as defined in the agreement) plus 1.00%. The Revolving Facility also includes an unused line fee of 0.375% and expires on June 30, 2020.
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Unused line of credit fee (as a percent) |
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0.375%
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Senior Notes [Member] |
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Debt Instrument [Line Items] |
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Maturity date of term facility |
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Jun. 30, 2015
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Aggregate principal amount outstanding |
400,000,000
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400,000,000
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400,000,000
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400,000,000
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$ 400,000,000
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Notes interest rate |
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9.75%
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Notes payment term, description |
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The interest on the Notes was at a rate of 9.750% per year, payable on May 15 and November 15 of each year.
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Loss on extinguishment of debt |
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15,500,000
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15,500,000
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Redemption premium |
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9,700,000
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Unamortized debt issuance costs |
$ 5,800,000
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$ 5,800,000
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5,800,000
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$ 5,800,000
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Accrued interest paid up to redemption date |
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$ 3,300,000
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LIBOR [Member] | Seven Year Term Facility [Member] |
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Debt Instrument [Line Items] |
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Basis spread on variable rate (as a percent) |
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6.00%
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LIBOR [Member] | Revolving Line of Credit [Member] |
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Debt Instrument [Line Items] |
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Basis spread on variable rate (as a percent) |
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2.00%
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LIBOR [Member] | Revolving Line of Credit [Member] | LMI [Member] |
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Debt Instrument [Line Items] |
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Basis spread on variable rate (as a percent) |
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2.00%
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Reference Rate [Member] | Seven Year Term Facility [Member] |
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Debt Instrument [Line Items] |
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Basis spread on variable rate (as a percent) |
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1.00%
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Reference Rate [Member] | Revolving Line of Credit [Member] | LMI [Member] |
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Debt Instrument [Line Items] |
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Basis spread on variable rate (as a percent) |
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1.00%
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