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LONG-TERM DEBT AND LINES OF CREDIT (Tables)

9 Months Ended

Sep. 30, 2018

Debt Disclosure [Abstract]

Schedule of Outstanding Debt

As of September 30, 2018 and December 31, 2017, long-term debt consisted of the following:

	September 30, 2018				December 31, 2017
	(in thousands)
Credit Facility:
Term loans (face amounts of $3,984,386 and $3,932,677 at September 30, 2018 and December 31, 2017, respectively, less unamortized debt issuance costs of $35,187 and $37,961 at September 30, 2018 and December 31, 2017, respectively)	$	3,949,199			$	3,894,716
Revolving Credit Facility	851,000				765,000
Total long-term debt	4,800,199				4,659,716
Less current portion of Credit Facility (face amounts of $101,174 and $108,979 at September 30, 2018 and December 31, 2017, respectively, less unamortized debt issuance costs of $8,485 and $8,671 at September 30, 2018 and December 31, 2017, respectively)	92,689				100,308
Long-term debt, excluding current portion	$	4,707,510			$	4,559,408

Schedule of Maturities of Long-Term Debt

Maturity requirements on long-term debt as of September 30, 2018 by year are as follows (in thousands):

Years ending December 31,
2018	$	20,810
2019	119,109
2020	154,979
2021	190,848
2022	262,587
2023	4,087,053
Total	$	4,835,386

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, 2018		Range of Maturity Dates at September 30, 2018		September 30, 2018				December 31, 2017
								(in thousands)
Interest rate swaps (Notional of $500 million at September 30, 2018)		Prepaid expenses and other current assets		1.52%		February 28, 2019		$	1,825			$	—
Interest rate swaps (Notional of $800 million at September 30, 2018 and $1,300 million at December 31, 2017)		Other noncurrent assets		1.63%		December 31, 2019 - March 31, 2021		$	16,900			$	9,202

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, 2018 and 2017:

	Three Months Ended								Nine Months Ended
	September 30, 2018				September 30, 2017				September 30, 2018				September 30, 2017
	(in thousands)
Amount of unrealized gains (losses) recognized in other comprehensive income (loss)	$	1,845			$	341			$	12,353			$	(2,214	)
Amount of unrealized (gains) losses reclassified out of other comprehensive income (loss) to interest expense	$	(1,663	)		$	1,172			$	(2,830	)		$	4,667

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