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Long-term debt (Tables)

9 Months Ended

Sep. 30, 2016

Debt Disclosure [Abstract]

Long-term Debt

Long-term debt was comprised of the following:

		September 30,				December 31,
		2016				2015
Senior secured credit facilities:
Term Loan A		$	881,250			$	925,000
Term Loan B			3,421,250				3,447,500
Senior notes			4,500,000				4,500,000
Acquisition obligations and other notes payable			111,407				70,645
Capital lease obligations			294,746				283,185
Total debt principal outstanding			9,208,653				9,226,330
Discount and deferred financing costs			(83,887	)			(95,985	)
			9,124,766				9,130,345
Less current portion			(152,764	)			(129,037	)
		$	8,972,002			$	9,001,308

Scheduled Maturities of Long-term Debt

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

2016 (remainder of the year)			40,607
2017			154,000
2018			167,798
2019			743,687
2020			68,156
2021			3,299,551
Thereafter			4,734,854

Derivative Instruments

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

September 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

$

—

Other short-term assets

$

516

Interest rate cap agreements

Other long-term assets

$

2,453

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 nine months ended September 30, 2016 and 2015:

		Amount of gains (losses)																		Amount of losses
		recognized in OCI on interest																		reclassified from
		rate swap and cap agreements																Location of		accumulated OCI into income
		Three months ended								Nine months ended								losses reclassified		Three months ended								Nine months ended
		September 30,								September 30,								from accumulated		September 30,								September 30,
Derivatives designated as cash flow hedges		2016				2015				2016				2015				OCI into income		2016				2015				2016				2015
Interest rate swap agreements		$	45			$	(1,128	)		$	(815	)		$	(4,798	)		Debt expense		$	(25	)		$	(655	)		$	(299	)		$	(2,061	)
Interest rate cap agreements			(300	)			(1,909	)			(12,674	)			(11,715	)		Debt expense			(609	)			(609	)			(1,829	)			(1,829	)
Tax benefit			102				1,186				5,251				6,449						246				493				827				1,518
Total		$	(153	)		$	(1,851	)		$	(8,238	)		$	(10,064	)				$	(388	)		$	(771	)		$	(1,301	)		$	(2,372	)

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