Long-Term Debt and Revolving Lines of Credit (Tables)

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Long-term Debt

Total debt consists of the following:

(In thousands)	2016		2015
Term loan A	$	—	$	201,250
Term loan A-1	472,875		—
Term loan A-2	375,000		—
	847,875		201,250
Less: unamortized loan fees	18,610		1,589
Total debt, net of unamortized loan fees	$	829,265	$	199,661
Current maturities of long term debt, net of unamortized loan fees	$	32,041	$	22,492
Long-term debt, less current maturities, net of unamortized loan fees	$	797,224	$	177,169

Financial Covenants in Credit Agreements

As shown below, as of December 31, 2016, the Company was in compliance with the financial covenants in its credit agreements.

	Actual		Covenant Requirement
Total Leverage Ratio	2.81	%	3.75 or Lower
Debt Service Coverage Ratio	4.23	%	2.00 or Higher
Minimum Liquidity Balance	$136 million		$25 million or Higher

Maturities of Long-term Debt

Future maturities of long-term debt principal are as follows (in thousands):

2017	$	36,375
2018	68,500
2019	88,500
2020	100,625
2021	318,875
2022 and beyond	235,000
Total	$	847,875