Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVE INSTRUMENTS - INTEREST RATE CAP AGREEMENT

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DERIVATIVE INSTRUMENTS - INTEREST RATE CAP AGREEMENT
6 Months Ended
Jun. 30, 2014
Derivative Instruments [Abstract]  
DERIVATIVE INSTRUMENTS - INTEREST RATE CAP AGREEMENT
5.            DERIVATIVE INSTRUMENTS – INTEREST RATE CAP AGREEMENT
 
Currently, we are subject to interest rate risk under our Capital One First Lien Credit Agreement.  In November 2012, in accordance with the terms of the First Lien Credit Agreement, we entered into a prepaid interest rate cap agreement with Capital One for a notional amount of $15.0 million at a LIBOR cap rate of 1.5%. The agreement was effective November 2, 2012 and terminates on October 1, 2014. Any future settlements resulting from the interest rate cap will be recognized in interest expense during the period in which the change occurs.