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LONG-TERM DEBT AND LINES OF CREDIT (Tables)
 3 Months Ended
Mar. 31, 2017
Debt Disclosure [Abstract]  
Schedule of outstanding debt
As of March 31, 2017 and December 31, 2016, long-term debt consisted of the following:
 
March 31, 2017
 
December 31, 2016
 
 
 
 
 
(in thousands)
Corporate credit facility:
 
 
 
Term loans (face amounts of $3,683,132 and $3,728,857 at March 31, 2017 and December 31, 2016, respectively, less unamortized debt issuance costs of $43,900 and $46,282 at March 31, 2017 and December 31, 2016, respectively)
$
3,639,232

 
$
3,682,575

Revolving credit facility
761,000

 
756,000

Capital lease obligations
30

 
37

Total long-term debt
4,400,262

 
4,438,612

Less current portion of corporate credit facility (face amounts of $188,368 and $187,274 at March 31, 2017 and December 31, 2016, respectively, less unamortized debt issuance costs of $9,394 and $9,526 at March 31, 2017 and December 31, 2016, respectively) and current portion of capital lease obligations of $30 and $37 at March 31, 2017 and December 31, 2016, respectively
179,004

 
177,785

Long-term debt, excluding current portion
$
4,221,258

 
$
4,260,827
Schedule of maturities of long-term debt
Maturity requirements on long-term debt as of March 31, 2017 by year are as follows (in thousands):
Years ending December 31,
 
2017
$
141,579

2018
200,974

2019
214,674

2020
214,674

2021
3,158,349

2022
5,424

2023 and thereafter
508,488

Total
$
4,444,162
Schedule of derivative instruments
The table below presents the fair values of our derivative financial instruments designated as cash flow hedges included in the consolidated balance sheets:
Derivative Financial Instruments
 
Balance Sheet Location
 
Weighted-Average Fixed Rate of Interest at March 31, 2017
 
Range of Maturity Dates
 
March 31, 2017
 
December 31, 2016
 
 
 
 
 
 
 
 
(in thousands)
Interest rate swaps (Notional of $500 million at March 31, 2017, $250 million at December 31, 2016)
 
Other assets
 
1.46%
 
December 31, 2019 - July 31, 2020
 
$
3,305

 
$
2,147

Interest rate swaps (Notional of $800 million at March 31, 2017, $750 million at December 31, 2016)
 
Accounts payable and accrued liabilities
 
1.67%
 
February 28, 2019 - March 31, 2021
 
$
1,906

 
$
3,175
Schedule of derivative instrument effect on other comprehensive income (loss)
The table below presents the effects of our interest rate swaps on the consolidated statements of income and comprehensive income for the three months ended March 31, 2017 and 2016:
 
Three Months Ended
 
March 31, 2017
 
March 31, 2016
 
 
 
 
 
(in thousands)
 
 
 
 
Amount of gain (loss) recognized in other comprehensive income
$
827

 
$
(10,818
)
Amount reclassified out of other comprehensive income to interest expense
$
1,596

 
$
1,955