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LONG-TERM DEBT AND LINES OF CREDIT (Tables) | 6 Months Ended
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Jun. 30, 2017
Debt Disclosure [Abstract] |
Schedule of outstanding debt | As of June 30, 2017 and December 31, 2016, long-term debt consisted of the following:
| June 30, 2017 |  | December 31, 2016
| (in thousands)
Corporate credit facility: |  |  |
Term loans (face amounts of $3,980,316 and $3,728,857 at June 30, 2017 and December 31, 2016, respectively, less unamortized debt issuance costs of $42,399 and $46,282 at June 30, 2017 and December 31, 2016, respectively) | $ | 3,937,917 |  |  | $ | 3,682,575 |
Revolving Credit Facility | 324,000 |  |  | 756,000 |
Capital lease obligations | 4 |  |  | 37 |
Total long-term debt | 4,261,921 |  |  | 4,438,612 |
Less current portion of corporate credit facility (face amounts of $95,279 and $187,274 at June 30, 2017 and December 31, 2016, respectively, less unamortized debt issuance costs of $8,773 and $9,526 at June 30, 2017 and December 31, 2016, respectively) and current portion of capital lease obligations of $4 and $37 at June 30, 2017 and December 31, 2016, respectively | 86,510 |  |  | 177,785 |
Long-term debt, excluding current portion | $ | 4,175,411 |  |  | $ | 4,260,827 |
Schedule of maturities of long-term debt | Maturity requirements on long-term debt as of June 30, 2017 by year are as follows (in thousands):
Years ending December 31, |
2017 | $ | 47,644 |
2018 | 108,979 |
2019 | 141,912 |
2020 | 161,144 |
2021 | 180,376 |
2022 | 2,580,390 |
2023 and thereafter | 1,083,875 |
Total | $ | 4,304,320 |
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 June 30, 2017 |  | Range of Maturity Dates |  | June 30, 2017 |  | December 31, 2016
|  |  |  |  |  |  |  | (in thousands)
Interest rate swaps (Notional of $500 million at June 30, 2017, $250 million at December 31, 2016) |  | Other assets |  | 1.46% |  | December 31, 2019 - July 31, 2020 |  | $ | 2,395 |  |  | $ | 2,147 |
Interest rate swaps (Notional of $800 million at June 30, 2017, $750 million at December 31, 2016) |  | Accounts payable and accrued liabilities |  | 1.67% |  | February 28, 2019 - March 31, 2021 |  | $ | 2,479 |  |  | $ | 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 and six months ended June 30, 2017 and 2016:
| Three Months Ended |  | Six Months Ended
| June 30, 2017 |  | June 30, 2016 |  | June 30, 2017 |  | June 30, 2016
| (in thousands)
Amount of loss recognized in other comprehensive income | $ | (3,382 | ) |  | $ | (5,276 | ) |  | $ | (2,555 | ) |  | $ | (16,094 | )
Amount reclassified out of other comprehensive income to interest expense | $ | 1,897 |  |  | $ | 1,925 |  |  | $ | 3,493 |  |  | $ | 3,880 |

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