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Long-term debt (Tables) | 6 Months Ended
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Jun. 30, 2017
Debt Disclosure [Abstract] |
Long-term Debt | Long-term debt was comprised of the following:
| June 30, 2017 |  | December 31, 2016
Senior secured credit facilities: |  |  |
Term Loan A | $ | 825,000 |  |  | $ | 862,500 |
Term Loan B | 3,395,000 |  |  | 3,412,500 |
Senior notes | 4,500,000 |  |  | 4,500,000 |
Acquisition obligations and other notes payable | 139,371 |  |  | 117,547 |
Capital lease obligations | 305,643 |  |  | 299,682 |
Total debt principal outstanding | 9,165,014 |  |  | 9,192,229 |
Discount and deferred financing costs | (71,877 | ) |  | (79,861 | )
| 9,093,137 |  |  | 9,112,368 |
Less current portion | (182,323 | ) |  | (165,041 | )
| $ | 8,910,814 |  |  | $ | 8,947,327 |
Scheduled Maturities of Long-term Debt | Scheduled maturities of long-term debt at June 30, 2017 were as follows:
2017 (remainder of the year) | 96,454 |
2018 | 172,318 |
2019 | 746,464 |
2020 | 71,432 |
2021 | 3,303,146 |
2022 | 1,280,031 |
Thereafter | 3,495,169 |
Derivative Instruments | The following table summarizes the Company’s derivative instruments as of June 30, 2017 and December 31, 2016:
|  | June 30, 2017 |  | December 31, 2016
Derivatives designated as hedging instruments |  | Balance sheet location |  | Fair value |  | Balance sheet location |  | Fair value
Interest rate cap agreements |  | Other long-term assets |  | $ | 1,743 |  |  | Other long-term assets |  | $ | 9,929 |
Effects of Interest Rate Swap and Cap Agreements | The following table summarizes the effects of the Company’s interest rate cap and swap agreements for the three and six months ended June 30, 2017 and 2016:
| Amount of losses recognized in OCI on interest rate cap and swap agreements |  | Location of losses reclassified from accumulated OCI into income |  | Amount of losses reclassified from accumulated OCI into income
| Three months ended June 30, |  | Six months ended June 30, |  |  | Three months ended June 30, |  | Six months ended June 30,
Derivatives designated as cash flow hedges | 2017 |  | 2016 |  | 2017 |  | 2016 |  |  | 2017 |  | 2016 |  | 2017 |  | 2016
Interest rate swap agreements | $ | — |  |  | $ | (168 | ) |  | $ | — |  |  | $ | (860 | ) |  | Debt expense |  | $ | — |  |  | $ | 123 |  |  | $ | — |  |  | $ | 274 |
Interest rate cap agreements | (2,969 | ) |  | (4,115 | ) |  | (8,186 | ) |  | (12,374 | ) |  | Debt expense |  | 2,070 |  |  | 610 |  |  | 4,139 |  |  | 1,220 |
Tax benefit | 1,154 |  |  | 1,667 |  |  | 3,184 |  |  | 5,149 |  |  | Tax expense |  | (805 | ) |  | (285 | ) |  | (1,610 | ) |  | (581 | )
Total | $ | (1,815 | ) |  | $ | (2,616 | ) |  | $ | (5,002 | ) |  | $ | (8,085 | ) |  |  |  | $ | 1,265 |  |  | $ | 448 |  |  | $ | 2,529 |  |  | $ | 913 |

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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=64930739&loc=d3e28878-108400 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28541-108399 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28551-108399 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644 + Details
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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624171-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5618551-113959 + Details
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- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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