Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2014

Debt Disclosure [Abstract]

Components of Long-term debt

Long-term debt consisted of the following:

	As of December 31,
(in thousands)	2014		2013
Variable rate credit facility	$	—	$	—
Term loan	198,000		200,000
Long-term debt	198,000		200,000
Current portion of long-term debt	2,000		2,000
Long-term debt (less current portion)	$	196,000	$	198,000
Fair value of long-term debt *	$	194,000	$	200,000

* Fair value of the term loan was estimated based on quoted private market transactions and is classified as Level 1 in the fair value hierarchy.