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LONG-TERM DEBT AND LINES OF CREDIT (Tables) | 12 Months Ended
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Dec. 31, 2018
Debt Disclosure [Abstract] |
Schedule of Debt | As of December 31, 2018 and 2017, long-term debt consisted of the following:
| 2018 |  | 2017
| (in thousands)
Credit Facility: |  |  |
Term loans (face amounts of $4,463,643 and $3,932,677 at December 31, 2018 and 2017, respectively, less unamortized debt issuance costs of $37,400 and $37,961 at December 31, 2018 and 2017, respectively) | $ | 4,426,243 |  |  | $ | 3,894,716 |
Revolving Credit Facility | 704,000 |  |  | 765,000 |
Total long-term debt | 5,130,243 |  |  | 4,659,716 |
Less current portion of Credit Facility (face amounts of $124,176 and $108,979 at December 31, 2018 and 2017, respectively, less unamortized debt issuance costs of $9,101 and $8,671 at December 31, 2018 and 2017, respectively) | 115,075 |  |  | 100,308 |
Long-term debt, excluding current portion | $ | 5,015,168 |  |  | $ | 4,559,408 |
Schedule of Maturities of Long-Term Debt | Maturity requirements on long-term debt as of December 31, 2018 by year are as follows (in thousands):
Years ending December 31, |
2019 | $ | 124,176 |
2020 | 159,979 |
2021 | 195,848 |
2022 | 267,587 |
2023 | 3,945,053 |
2024 and thereafter | 475,000 |
Total | $ | 5,167,643 |
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:
|  |  |  | Weighted-Average Fixed Rate of Interest at |  | Range of Maturity Dates at |  | Fair Values at December 31,
Derivative Financial Instruments |  | Balance Sheet Location |  | December 31, 2018 |  | December 31, 2018 |  | 2018 |  | 2017
|  |  |  |  |  |  |  | (in thousands)
Interest rate swaps (Notional of $750 million at December 31, 2018) |  | Prepaid expenses and other current assets |  | 1.54% |  | February 28, 2019 - December 31, 2019 |  | $ | 3,200 |  |  | $ | — |
Interest rate swaps (Notional of $550 million and $1,300 million at December 31, 2018 and 2017, respectively) |  | Other noncurrent assets |  | 1.65% |  | July 31, 2020 - March 31, 2021 |  | $ | 8,256 |  |  | $ | 9,202 |
Interest rate swaps (Notional of $950 million at December 31, 2018) |  | Accounts payable and accrued liabilities |  | 2.82% |  | December 31, 2022 |  | $ | 14,601 |  |  | $ | — |
Schedule of Derivative Instruments, 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 periods presented:
| Year Ended December 31, |  | Seven Months Ended December 31, |  | Year Ended May 31,
| 2018 |  | 2017 |  | 2016 |  | 2016
| (in thousands)
Amount of unrealized gains (losses) recognized in other comprehensive income (loss) | $ | (7,553 | ) |  | $ | 4,549 |  |  | $ | 5,532 |  |  | $ | (12,859 | )
Amount of unrealized (gains) losses reclassified out of other comprehensive income (loss) to interest expense | $ | (4,792 | ) |  | $ | 5,673 |  |  | $ | 4,222 |  |  | $ | 8,240 |

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