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Long-term Debt and Derivatives (Tables)
 12 Months Ended
Dec. 31, 2013
Long-term Debt and Derivatives  
Schedule of long-term debt, net of current maturities

 

 

December 31,
  2013   2012  
 
   (in thousands)
  

Senior secured credit facility

   $ 750,000   $ 2,394,963  

$325 million 83/4% senior subordinated notes due August 2019

     —     325,000  

$300 million 5.875% senior unsecured notes due November 1, 2021

     300,000     —  

Other long-term obligations

     —     10,000  

Capital leases

     2,015     2,111  
           
​ ​ ​ ​ ​ ​ ​ ​

 

     1,052,015     2,732,074  

Less current maturities of long-term debt

     (27,598 )   (81,497 )

Less discount on senior secured credit facility Term Loan B

     (1,223 )   (1,504 )
           
​ ​ ​ ​ ​ ​ ​ ​

 

   $ 1,023,194   $ 2,649,073  
           
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
           
Schedule of future minimum repayments of long-term debt

The following is a schedule of future minimum repayments of long-term debt as of December 31, 2013 (in thousands):

2014

   $ 27,598  

2015

     27,605  

2016

     40,114  

2017

     52,623  

2018

     365,133  

Thereafter

     538,942  
       
​ ​ ​ ​ ​

Total minimum payments

   $ 1,052,015  
       
​ ​ ​ ​ ​
​ ​ ​ ​ ​
       
Schedule of effect of derivative instruments on the consolidated statement of operations

The effect of derivative instruments on the consolidated statement of operations for the year ended December 31, 2011 was as follows (in thousands):

Derivatives in a Cash Flow
Hedging Relationship
  Gain (Loss)
Recognized in
OCI on Derivative
(Effective Portion)		   Location of
Gain (Loss)
Reclassified from
AOCI into Income
(Effective Portion)		   Gain (Loss)
Reclassified from
AOCI into Income
(Effective Portion)		   Location of
Gain (Loss)
Recognized in
Income on Derivative
(Ineffective Portion)		   Gain (Loss)
Recognized in
Income on Derivative
(Ineffective Portion)		  

Interest rate swap contracts

   $ (672 ) Interest expense   $ (8,173 ) None   $ —  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total

   $ (672 )     $ (8,173 )     $ —  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       


 

Derivatives Not Designated as Hedging Instruments
  Location of Gain (Loss)
Recognized in Income
on Derivative		   Gain (Loss) Recognized
in Income on Derivative		  

Interest rate swap contracts

   Interest expense   $ (10 )
           
​ ​ ​ ​ ​ ​ ​

Total

       $ (10 )
           
​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​