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FINANCING ARRANGEMENTS (Tables)
12 Months Ended
Dec. 31, 2017
Debt Disclosure [Abstract]  
Summary of Financing Arrangements
The following table is a summary of the Company's financing arrangements (in thousands):
 
December 31, 2017
 
December 31, 2016
Senior secured Term Loan Agreement ("Term Loan Agreement")
$
4,000

 
$

Current portion of long-term obligations, at carrying value
$
4,000

 
$

 
 
 
 
Senior secured Term Loan Agreement due June 30, 2024

$
394,000

 
$

Senior unsecured notes, at 5.25%, due August 1, 2020 ("2020 Notes")
400,000

 
800,000

Senior unsecured notes, at 5.125%, due June 1, 2021 ("2021 Notes")
845,000

 
845,000

Long-term obligations, at par
$
1,639,000

 
$
1,645,000

Unamortized debt issuance costs and premium, net
$
(13,463
)
 
$
(11,728
)
Long-term obligations, at carrying value
$
1,625,537

 
$
1,633,272

Schedule of Redemption Prices
The Company may redeem some or all of the 2021 Notes at any time upon proper notice, at the following redemption prices plus unpaid interest:
Year
 
Percentage
Prior to December 1, 2018
 
101.281
%
On or after December 1, 2018
 
100.000
%
The Company may redeem some or all of the 2020 Notes which remain outstanding at any time upon proper notice, at the following redemption prices plus unpaid interest:
Year
 
Percentage
Prior to August 1, 2018
 
101.313
%
On or after August 1, 2018
 
100.000
%