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LONG-TERM DEBT AND LINES OF CREDIT (Tables)

3 Months Ended

Mar. 31, 2019

Debt Disclosure [Abstract]

Schedule of Outstanding Debt

As of March 31, 2019 and December 31, 2018, long-term debt consisted of the following:

	March 31, 2019				December 31, 2018
	(in thousands)
Credit Facility:
Term loans (face amounts of $4,441,578 and $4,463,643 at March 31, 2019 and December 31, 2018, respectively, less unamortized debt issuance costs of $35,182 and $37,400 at March 31, 2019 and December 31, 2018, respectively)	$	4,406,396			$	4,426,243
Revolving Credit Facility	897,000				704,000
Total long-term debt	5,303,396				5,130,243
Less current portion of Credit Facility (face amounts of $142,044 and $124,176 at March 31, 2019 and December 31, 2018, respectively, less unamortized debt issuance costs of $9,086 and $9,101 at March 31, 2019 and December 31, 2018, respectively, and the current portion of capital lease obligations of $62)	133,019				115,075
Long-term debt, excluding current portion	$	5,170,377			$	5,015,168

Schedule of Maturities of Long-Term Debt

Maturity requirements on long-term debt as of March 31, 2019 by year are as follows (in thousands):

Year ending December 31,
2019	$	102,111
2020	159,979
2021	195,848
2022	267,587
2023	4,138,053
2024 and thereafter	475,000
Total	$	5,338,578

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:

								Fair Values
Derivative Financial Instruments		Balance Sheet Location		Weighted-Average Fixed Rate of Interest at March 31, 2019		Range of Maturity Dates at March 31, 2019		March 31, 2019				December 31, 2018
								(in thousands)
Interest rate swaps (Notional of $250 million at March 31, 2019 and $750 million at December 31, 2018)		Prepaid expenses and other current assets		1.58%		December 31, 2019		$	1,602			$	3,200
Interest rate swaps (Notional of $550 million at March 31, 2019 and December 31, 2018)		Other noncurrent assets		1.65%		July 31, 2020 - March 31, 2021		$	5,248			$	8,256
Interest rate swaps (Notional of $1,250 million at March 31, 2019 and $950 million at December 31, 2018)		Accounts payable and accrued liabilities		2.73%		December 31, 2022		$	26,333			$	14,601

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, 2019 and 2018:

	Three Months Ended
	March 31, 2019				March 31, 2018
	(in thousands)
Amount of net unrealized (losses) gains recognized in other comprehensive income (loss)	$	(14,509	)		$	7,682
Amount of net unrealized gains reclassified out of other comprehensive income (loss) to interest expense	$	(1,830	)		$	(169	)

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