XML 70 R23.htm IDEA: XBRL DOCUMENT v3.2.0.727
Debt and Short-Term Borrowings (Tables)
 6 Months Ended
Jun. 30, 2015
Debt Disclosure [Abstract]  
Total Debt

Total debt as of June 30, 2015 and December 31, 2014 was as follows:

 

(Dollar amounts in thousands)    June 30, 2015      December 31, 2014  

Senior Secured Credit Facility (Term A) due on April 17, 2018 paying interest at a variable interest rate (London InterBank Offered Rate (“LIBOR”) plus applicable margin(1)(3))

    $ 269,781       $ 277,239   

Senior Secured Credit Facility (Term B) due on April 17, 2020 paying interest at a variable interest rate (LIBOR Rate plus applicable margin(2)(3))

      387,749         389,340   

Senior Secured Revolving Credit Facility expiring on April 17, 2018 paying interest at a variable interest rate

      4,000         23,000   

Note Payable due on October 1, 2017(3)

      3,638         4,333   

Note Payable due on July 1, 2017(3)

      1,029         —     
  

 

 

     

 

 

  

Total debt

    $ 666,197       $ 693,912   
  

 

 

     

 

 

  

 

(1) Applicable margin of 2.50% at June 30, 2015 and December 31, 2014.
(2) Subject to a minimum rate (“LIBOR floor”) of 0.75% plus applicable margin of 2.75% at June 30, 2015 and December 31, 2014.
(3) Includes unamortized discount.