DEBT (Tables)

9 Months Ended

Sep. 30, 2014

DEBT

Schedule of long-term debt

	September 30,			December 31,
$s in thousands	2014			2013
Term loan	$	413,962		$	—
Net discount on term loan	$	(1,000	)	—
Total debt	412,962			—
Current portion of long-term debt	(4,002		)	—
Long-term debt	$	408,960		$	—

Schedule of future maturities of long-term debt, excluding the net discount

$s in thousands	Maturities
2014	$	1,037
2015	4,150
2016	4,150
2017	4,150
2018	4,150
Thereafter	396,325
	$	413,962

Schedule of maximum consolidated senior secured leverage ratio for different periods

Fiscal Quarters Ending	Maximum Ratio
June 30, 2014 through September 30, 2015	4.00 to 1.00
December 31, 2015 through September 30, 2016	3.75 to 1.00
December 31, 2016 through September 30, 2017	3.50 to 1.00
December 31, 2017 through September 30, 2018	3.25 to 1.00
December 31, 2018 and thereafter	3.00 to 1.00