Notes Payable and Borrowings under Capital Leases (Tables)

9 Months Ended

Sep. 30, 2016

Debt Disclosure [Abstract]

Components of Company's Notes Payable and Borrowings under Capital Leases Balances

As of September 30, 2016, notes payable and borrowings under capital leases consisted of the following (in thousands):

	September 30, 2016			December 31, 2015			Annual Contractual Interest Rate			Effective Interest Rate		Maturity Date
Term loan A	$	337,500		$	351,563		3.09	%	(1)	3.15	%	July 2019
Term loan B	—			148,000			N/A			N/A		July 2017
Term loan A-2	135,000			—			2.97	%	(2)	2.99	%	July 2019
Total term loans	472,500			499,563
Deferred loan costs	(4,490		)	(5,781		)
Capital leases	125			153
Less: current portion of notes payable and borrowings under capital leases	(36,497		)	(32,970		)
Long term portion	$	431,638		$	460,965

(1) Bears interest at LIBOR plus 2.25% or the prime rate plus 1.25% at the Company's option, subject to certain rate adjustments based upon the Company's total leverage ratio.

(2) Bears interest at LIBOR plus 2.125% or the prime rate plus 1.125% at the Company's option, subject to certain rate adjustments based upon the Company's total leverage ratio.

Schedule of Maturities of Long-term Debt

The Tranche A and A-2 term loans will be repaid in quarterly installments in aggregate annual amounts as follows (in thousands):

Year ending December 31:
2016	$	9,563
2017	38,250
2018	41,438
2019	383,249
Total	$	472,500