LONG-TERM OBLIGATIONS (Tables)

12 Months Ended

Dec. 31, 2015

Debt Disclosure [Abstract]

Long-Term Debt

7. LONG-TERM OBLIGATIONS
Long-term debt consisted of the following for the periods indicated (amounts in millions):
		As of December 31,
		2015		2014
$100.0 million Term Loan; principal payments plus accrued interest payable quarterly; interest rate at ABR Rate plus applicable percentage or Eurodollar Rate plus the applicable percentage (2.42% at December 31, 2015); due August 28, 2020		$	100.0	$	0.0
$60.0 million Term Loan; $3.0 million principal payments plus accrued interest payable quarterly; interest rate at ABR Rate plus applicable percentage or Eurodollar Rate plus the applicable percentage; due October 26, 2017			0.0		33.0
$120.0 million Revolving Credit Facility; interest only quarterly payments; interest rate at ABR Rate plus applicable percentage or Eurodollar Rate plus the applicable percentage; due October 26, 2017			0.0		15.0
$70.0 million Second Lien Loan; interest only quarterly payments; interest rate at ABR Rate plus applicable percentage or Eurodollar Rate plus the applicable percentage; due July 28, 2020			0.0		70.0
Discount on Second Lien Loan			-		(1.6)
			100.0		116.4
Current portion of long-term obligations			(5.0)		(12.0)
	Total	$	95.0	$	104.4

Maturities of Long-Term Debt

Maturities of debt as of December 31, 2015 are as follows (amounts in millions):
		Long-term obligations
	2016	$	5.0
	2017		5.0
	2018		10.0
	2019		10.0
	2020		70.0
		$	100.0

Commitment Fee Under Credit Facilities

Consolidated Leverage Ratio	Margin for ABR Loans	Margin for Eurodollar Loans	Commitment Fee	Letter of Credit Fee
≥ 2.75 to 1.0	2.00%	3.00%	0.40%	3.00%
< 2.75 to 1.0 but ≥ 1.75 to 1.0	1.50%	2.50%	0.35%	2.50%
< 1.75 to 1.0 but ≥ 0.75 to 1.0	1.00%	2.00%	0.30%	2.00%
< 0.75 to 1.0	0.50%	1.50%	0.25%	1.50%