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Long-term debt (Tables)

6 Months Ended

Jun. 30, 2016

Debt Disclosure [Abstract]

Long-term Debt

Long-term debt was comprised of the following:

		June 30,				December 31,
		2016				2015
Senior Secured Credit Facilities:
Term Loan A		$	900,000			$	925,000
Term Loan B			3,430,000				3,447,500
Senior notes			4,500,000				4,500,000
Acquisition obligations and other notes payable			71,515				70,645
Capital lease obligations			287,838				283,185
Total debt principal outstanding			9,189,353				9,226,330
Discount and deferred financing costs			(87,913	)			(95,985	)
			9,101,440				9,130,345
Less current portion			(144,183	)			(129,037	)
		$	8,957,257			$	9,001,308

Scheduled Maturities of Long-term Debt

Scheduled maturities of long-term debt at June 30, 2016 were as follows:

2016 (remainder of the year)			76,295
2017			153,660
2018			169,716
2019			742,290
2020			66,640
2021			3,298,210
Thereafter			4,682,542

Derivative Instruments

The following table summarizes the Company’s derivative instruments as of June 30, 2016 and December 31, 2015:

June 30, 2016

December 31, 2015

Derivatives designated as hedging instruments

Balance sheet location

Fair value

Balance sheet location

Fair value

Interest rate swap agreements

Other short-term liabilities

$

70

Other short-term assets

$

516

Interest rate cap agreements

Other long-term assets

$

2,753

Other long-term assets

$

15,127

Effects of Interest Rate Swap and Cap Agreements

The following table summarizes the effects of the Company’s interest rate swap and cap agreements for the three and six months ended June 30, 2016 and 2015:

		Amount of (losses) gains																		Amount of (losses) gains
		recognized in OCI on interest																		reclassified from
		rate swap and cap agreements																Location of		accumulated OCI into income
		Three months ended								Six months ended								losses reclassified		Three months ended								Six months ended
		June 30,								June 30,								from accumulated		June 30,								June 30,
Derivatives designated as cash flow hedges		2016				2015				2016				2015				OCI into income		2016				2015				2016				2015
Interest rate swap agreements		$	(168	)		$	(976	)		$	(860	)		$	(3,670	)		Debt expense		$	(123	)		$	(684	)		$	(274	)		$	(1,406	)
Interest rate cap agreements			(4,115	)			(3,049	)			(12,374	)			(9,806	)		Debt expense			(610	)			(610	)			(1,220	)			(1,220	)
Tax benefit			1,667				1,572				5,149				5,263						285				505				581				1,025
Total		$	(2,616	)		$	(2,453	)		$	(8,085	)		$	(8,213	)				$	(448	)		$	(789	)		$	(913	)		$	(1,601	)

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