Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2017

Debt Disclosure [Abstract]

Long-term Debt

Total debt consists of the following:

	December 31,		December 31,
(in thousands)	2017		2016
Term loan A-1	436,500		472,875
Term loan A-2	400,000		375,000
	836,500		847,875
Less: unamortized loan fees	14,542		18,610
Total debt, net of unamortized loan fees	$	821,958	$	829,265
Current maturities of long term debt, net of unamortized loan fees	$	64,397	$	32,041
Long-term debt, less current maturities, net of unamortized loan fees	$	757,561	$	797,224

Financial Covenants in Credit Agreements

As shown below, as of December 31, 2017, the Company was in compliance with the financial covenants in its credit agreements.

	Actual		Covenant Requirement
Total Leverage Ratio	2.93		3.75 or Lower
Debt Service Coverage Ratio	3.73		2.00 or Higher
Minimum Liquidity Balance (in millions)	$	151.9	$25 million or Higher

Maturities of Long-term Debt

Future maturities of long-term debt principal are as follows:

Year Ending	Amount
	(in thousands)
2018	$	68,500
2019	88,500
2020	100,625
2021	318,875
2022	40,000
2023	220,000
Total	$	836,500