Related Party Transactions

6 Months Ended

Jun. 30, 2018

Related Party Transactions

Related Party Transactions

Note 16. Related Party Transactions

Prior to the Company’s IPO, the Company paid a quarterly management fee of $0.4 million plus travel and miscellaneous expenses, if any, to Avista Capital Partners (“Avista”) and Crestview Advisors, LLC (“Crestview”), majority owners of the Company’s former Parent. In addition, pursuant to a consulting agreement dated as of December 18, 2015 by and among former Parent, Avista and Crestview, Crestview is entitled to 50% of any management fee actually received by Avista. The obligation to pay such fees terminated in connection with the IPO. The management fee paid by the Company for the six months ended June 30, 2018 and 2017 amounted to $nil and $1.0 million, respectively.

As of June 30, 2018, approximately 65% of the Company’s outstanding common shares were held by Avista and Crestview.