LONG-TERM OBLIGATIONS (Tables)

12 Months Ended

Dec. 31, 2016

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,
		2016		2015
$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 (2.77% at December 31, 2016); due August 28, 2020		$	95.0	$	100.0
$200.0 million Revolving Credit Facility; interest only quarterly payments; interest rate at ABR Rate plus applicable percentage or Eurodollar Rate plus the applicable percentage; due August 28, 2020			0.0		0.0
Promissory notes			0.7		0.0
Deferred debt issuance costs			(2.7)		(3.4)
			93.0		96.6
Current portion of long-term obligations			(5.2)		(5.0)
	Total	$	87.8	$	91.6

Maturities of Long-Term Debt

Maturities of debt as of December 31, 2016 are as follows (amounts in millions):
		Long-term obligations
	2017	$	5.2
	2018		10.5
	2019		10.0
	2020		70.0
	2021		0.0
		$	95.7

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%