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LONG-TERM DEBT AND LINES OF CREDIT (Tables) | 9 Months Ended
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Sep. 30, 2017
Debt Disclosure [Abstract] |
Schedule of outstanding debt | As of September 30, 2017 and December 31, 2016, long-term debt consisted of the following:
| September 30, 2017 |  | December 31, 2016
| (in thousands)
Corporate credit facility: |  |  |
Term loans (face amounts of $3,956,497 and $3,728,857 at September 30, 2017 and December 31, 2016, respectively, less unamortized debt issuance costs of $40,180 and $46,282 at September 30, 2017 and December 31, 2016, respectively) | $ | 3,916,317 |  |  | $ | 3,682,575 |
Revolving Credit Facility | 855,000 |  |  | 756,000 |
Capital lease obligations | 1 |  |  | 37 |
Total long-term debt | 4,771,318 |  |  | 4,438,612 |
Less current portion of corporate credit facility (face amounts of $102,129 and $187,274 at September 30, 2017 and December 31, 2016, respectively, less unamortized debt issuance costs of $8,722 and $9,526 at September 30, 2017 and December 31, 2016, respectively) and current portion of capital lease obligations of $1 and $37 at September 30, 2017 and December 31, 2016, respectively | 93,408 |  |  | 177,785 |
Long-term debt, excluding current portion | $ | 4,677,910 |  |  | $ | 4,260,827 |
Schedule of maturities of long-term debt | Maturity requirements on long-term debt as of September 30, 2017 by year are as follows (in thousands):
Years ending December 31, |
2017 | $ | 23,821 |
2018 | 108,979 |
2019 | 141,912 |
2020 | 161,144 |
2021 | 180,376 |
2022 | 3,111,391 |
2023 and thereafter | 1,083,875 |
Total | $ | 4,811,498 |
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 September 30, 2017 |  | Range of Maturity Dates |  | September 30, 2017 |  | December 31, 2016
|  |  |  |  |  |  |  | (in thousands)
Interest rate swaps (Notional of $1,000 million at September 30, 2017, $250 million at December 31, 2016) |  | Other assets |  | 1.49% |  | February 28, 2019 - July 31, 2020 |  | $ | 2,923 |  |  | $ | 2,147 |
Interest rate swaps (Notional of $300 million at September 30, 2017, $750 million at December 31, 2016) |  | Accounts payable and accrued liabilities |  | 1.91% |  | March 31, 2021 |  | $ | 1,495 |  |  | $ | 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 nine months ended September 30, 2017 and 2016:
| Three Months Ended |  | Nine Months Ended
| September 30, 2017 |  | September 30, 2016 |  | September 30, 2017 |  | September 30, 2016
| (in thousands)
Amount of gain (loss) recognized in other comprehensive income | $ | 341 |  |  | $ | 3,429 |  |  | $ | (2,214 | ) |  | $ | (12,665 | )
Amount reclassified out of other comprehensive income to interest expense | $ | 1,172 |  |  | $ | 1,853 |  |  | $ | 4,667 |  |  | $ | 5,733 |

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