Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2018

Debt Disclosure [Abstract]

Schedule of long term debt

Total debt at March 31, 2018 and December 31, 2017 consists of the following:

(in thousands)	March 31, 2018		December 31, 2017
Term loan A-1	$	424,375	$	436,500
Term loan A-2	400,000		400,000
	824,375		836,500
Less: unamortized loan fees	13,502		14,542
Total debt, net of unamortized loan fees	$	810,873	$	821,958
Current maturities of long term debt, net of unamortized loan fees	$	74,486	$	64,397
Long-term debt, less current maturities, net of unamortized loan fees	$	736,387	$	757,561

Financial covenants in credit agreements

As shown below, as of March 31, 2018, the Company was in compliance with the covenants in its credit agreements.

	Actual		Covenant Requirement
Total Leverage Ratio	2.95		3.75 or Lower
Debt Service Coverage Ratio	3.58		2.00 or Higher
Minimum Liquidity Balance (in thousands)	$	122,834	$25 million or Higher