XML 52 R36.htm IDEA: XBRL DOCUMENT v3.8.0.1
Long-term debt (Tables)
3 Months Ended
Mar. 31, 2018
Debt Disclosure [Abstract]  
Long-term Debt
Long-term debt was comprised of the following: 
 
March 31,
2018
 
December 31,
2017
Senior secured credit facilities:
 
 
 
Term Loan A
$
750,000

 
$
775,000

Term Loan A-2
452,000

 

Term Loan B
3,368,750

 
3,377,500

Revolver

 
300,000

Senior notes
4,500,000

 
4,500,000

Acquisition obligations and other notes payable
151,167

 
150,512

Capital lease obligations
304,062

 
297,170

Total debt principal outstanding
9,525,979

 
9,400,182

Discount and deferred financing costs
(61,958
)
 
(63,951
)
 
9,464,021

 
9,336,231

Less current portion
(184,136
)
 
(178,213
)
 
$
9,279,885

 
$
9,158,018

Scheduled Maturities of Long-term Debt
Scheduled maturities of long-term debt at March 31, 2018 were as follows: 
2018 (remainder of the year)
136,885

2019
1,206,668

2020
72,608

2021
3,307,539

2022
1,283,255

2023
32,340

Thereafter
3,486,684

Derivative Instruments
The following table summarizes the Company’s derivative instruments as of March 31, 2018 and December 31, 2017
 
 
March 31, 2018
 
December 31, 2017
Derivatives designated as hedging instruments
 
Balance sheet location
 
Fair value
 
Balance sheet location
 
Fair value
Interest rate cap agreements
 
Other long-term assets
 
$
2,446

 
Other long-term assets
 
$
1,032

Effects of Interest Rate Swap and Cap Agreements
The following table summarizes the effects of the Company’s interest rate cap agreements for the three months ended March 31, 2018 and 2017:
 
Amount of unrecognized gains (losses) in OCI on interest rate cap agreements
 
Location of losses reclassified from accumulated OCI into income
 
Amount of losses reclassified from accumulated OCI into income
 
Three months ended
March 31,
 
 
Three months ended
March 31,
Derivatives designated as cash flow hedges
2018
 
2017
 
 
2018
 
2017
Interest rate cap agreements
$
1,414

 
$
(5,217
)
 
Debt expense
 
$
2,070

 
$
2,070

Tax (benefit) expense
(364
)
 
2,029

 
Tax expense
 
(533
)
 
(805
)
Total
$
1,050

 
$
(3,188
)
 
 
 
$
1,537

 
$
1,265