v2.4.0.6
Long-term Debt and Derivatives (Tables)
 3 Months Ended
Mar. 31, 2012
Long-term Debt and Derivatives  
Schedule of long-term debt, net of current maturities

 

 

 

 

March 31,

 

December 31,

 

 

 

2012

 

2011

 

 

 

(in thousands)

 

 

 

 

 

 

 

Senior secured credit facility

 

$

1,703,125

 

$

1,715,750

 

$ 325 million 8 ¾% senior subordinated notes due August 2019

 

325,000

 

325,000

 

Other long-term obligations

 

1,979

 

1,949

 

Capital leases

 

2,185

 

2,215

 

 

 

2,032,289

 

2,044,914

 

Less current maturities of long-term debt

 

(44,581

)

(44,559

)

Less discount on senior secured credit facility Term Loan B

 

(1,689

)

(1,749

)

 

 

$

1,986,019

 

$

1,998,606

 
Schedule of future minimum repayments of long-term debt

The following is a schedule of future minimum repayments of long-term debt as of March 31, 2012 (in thousands):

 

Within one year

 

$

44,581

 

1-3 years

 

128,942

 

3-5 years

 

825,223

 

Over 5 years

 

1,033,543

 

Total minimum payments

 

$

2,032,289

 
Schedule of effect of derivative instruments on the consolidated statement of operations

The effect of derivative instruments on the consolidated statement of income for the three months ended March 31, 2011 was as follows (in thousands):

 

 

 

Gain (Loss)

 

Location of Gain (Loss)

 

Gain (Loss)

 

 

 

 

 

 

 

Recognized in

 

Reclassified from

 

Reclassified from

 

Location of Gain (Loss)

 

Gain (Loss)

 

Derivatives in a

 

OCI on Derivative

 

AOCI into Income

 

AOCI into Income

 

Recognized in Income on

 

Recognized in Income on

 

Cash Flow Hedging Relationship

 

(Effective Portion)

 

(Effective Portion)

 

(Effective Portion)

 

Derivative (Ineffective Portion)

 

Derivative (Ineffective Portion)

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap contracts

 

$

(340

)

Interest expense

 

$

(4,548

)

None

 

$

—

 

Total

 

$

(340

)

 

 

$

(4,548

)

 

 

$

—

 

 

 

 

Location of Gain (Loss)

 

 

 

Derivatives Not Designated as

 

Recognized in Income

 

Gain (Loss) Recognized

 

Hedging Instruments

 

on Derivative

 

in Income on Derivative

 

 

 

 

 

 

 

Interest rate swap contracts

 

Interest expense

 

$

(3

)

Total

 

 

 

$

(3

)