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

9 Months Ended

Sep. 30, 2017

Debt Disclosure [Abstract]

Schedule of long term debt

Total debt at September 30, 2017 and December 31, 2016 consists of the following:

(In thousands)	September 30, 2017		December 31, 2016
Term loan A-1	$	448,625	$	472,875
Term loan A-2	400,000		375,000
	848,625		847,875
Less: unamortized loan fees	15,623		18,610
Total debt, net of unamortized loan fees	$	833,002	$	829,265
Current maturities of long term debt, net of unamortized loan fees	$	54,316	$	32,041
Long-term debt, less current maturities, net of unamortized loan fees	$	778,686	$	797,224

Financial covenants in credit agreements

As shown below, as of September 30, 2017, the Company was in compliance with the covenants in its credit agreements.

	Actual		Covenant Requirement
Total Leverage Ratio	2.93		3.75 or Lower
Debt Service Coverage Ratio	3.88		2.00 or Higher
Minimum Liquidity Balance	$	149,228	$25 million or Higher