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LONG-TERM DEBT AND LINES OF CREDIT (Tables)

6 Months Ended

Jun. 30, 2019

Debt Disclosure [Abstract]

Schedule of Outstanding Debt

As of June 30, 2019 and December 31, 2018, long-term debt consisted of the following:

	June 30, 2019				December 31, 2018
	(in thousands)
Credit Facility:
Term loans (face amounts of $4,419,554 and $4,463,643 at June 30, 2019 and December 31, 2018, respectively, less unamortized debt issuance costs of $32,906 and $37,400 at June 30, 2019 and December 31, 2018, respectively)	$	4,386,647			$	4,426,243
Revolving Credit Facility	765,000				704,000
Total long-term debt	5,151,647				5,130,243
Less current portion of Credit Facility	151,062				115,075
Long-term debt, excluding current portion	$	5,000,585			$	5,015,168

Schedule of Maturities of Long-Term Debt

The maturity requirements on long-term debt as of June 30, 2019 are as follows by year (in thousands):

Year ending December 31,
2019	$	80,087
2020	159,979
2021	195,848
2022	267,587
2023	4,006,053
2024 and thereafter	475,000
Total	$	5,184,554

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 June 30, 2019		Range of Maturity Dates at June 30, 2019		June 30, 2019				December 31, 2018
								(in thousands)
Interest rate swaps (Notional of $250 million at June 30, 2019 and $750 million at December 31, 2018)		Prepaid expenses and other current assets		1.58%		December 31, 2019		$	582			$	3,200
Interest rate swaps (Notional of $250 million at June 30, 2019 and $550 million at December 31, 2018)		Other noncurrent assets		1.34%		July 31, 2020 - March 31, 2021		$	1,317			$	8,256
Interest rate swaps (Notional of $1.0 billion at June 30, 2019)		Accounts payable and accrued liabilities		2.09%		December 31, 2019		$	14,617			$	—
Interest rate swaps (Notional of $1.6 billion at June 30, 2019 and $950 million at December 31, 2018)		Other noncurrent liabilities		2.57%		March 31, 2021 - December 31, 2022		$	49,886			$	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 and six months ended June 30, 2019 and 2018:

	Three Months Ended								Six Months Ended
	June 30, 2019				June 30, 2018				June 30, 2019				June 30, 2018
	(in thousands)
Amount of net unrealized gains (losses) recognized in other comprehensive income	$	(42,222	)		$	2,932			$	(56,731	)		$	10,508
Amount of net unrealized gains reclassified out of other comprehensive income to interest expense	$	(893	)		$	(1,104	)		$	(2,723	)		$	(1,167	)

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