XML 123 R74.htm IDEA: XBRL DOCUMENT v2.4.1.9
Debt - Textual (Details) (USD $)
12 Months Ended 0 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Oct. 23, 2014
Apr. 02, 2014
Mar. 20, 2013
Nov. 15, 2013
Debt [Line Items]              
Interest expense, debt, total $ 50,832,000us-gaap_InterestExpenseDebt $ 92,704,000us-gaap_InterestExpenseDebt $ 43,975,000us-gaap_InterestExpenseDebt        
Loss on redemption of Notes 0us-gaap_GainLossOnRepurchaseOfDebtInstrument (55,588,000)us-gaap_GainLossOnRepurchaseOfDebtInstrument 0us-gaap_GainLossOnRepurchaseOfDebtInstrument        
Interest expense amortization of debt premium 975,000us-gaap_AmortizationOfDebtDiscountPremium 4,262,000us-gaap_AmortizationOfDebtDiscountPremium 46,000us-gaap_AmortizationOfDebtDiscountPremium        
Interest expense present value adjustments for fixed deferred acquisition payments 2,186,000mdca_InterestExpensePresentValueAdjustmentsForFixedDeferredAcquisitionPayments 232,000mdca_InterestExpensePresentValueAdjustmentsForFixedDeferredAcquisitionPayments 277,000mdca_InterestExpensePresentValueAdjustmentsForFixedDeferredAcquisitionPayments        
Amortization of financing costs 3,222,000us-gaap_AmortizationOfFinancingCosts 12,024,000us-gaap_AmortizationOfFinancingCosts 2,295,000us-gaap_AmortizationOfFinancingCosts        
Debt instrument, unamortized premium 7,017,000us-gaap_DebtInstrumentUnamortizedPremium 4,056,000us-gaap_DebtInstrumentUnamortizedPremium          
Letters of credit outstanding, amount 4,822,000us-gaap_LettersOfCreditOutstandingAmount            
Accounts payable, total 72,147,000us-gaap_AccountsPayableCurrentAndNoncurrent 34,312,000us-gaap_AccountsPayableCurrentAndNoncurrent          
Wells Fargo Capital Finance, LLC              
Debt [Line Items]              
Line of Credit Facility, Description On March 20, 2013, MDC, Maxxcom Inc. (a subsidiary of MDC) and each of their subsidiaries party thereto entered into an amended and restated, $225 million senior secured revolving credit agreement due 2018 (the Credit Agreement) with Wells Fargo Capital Finance, LLC, as agent, and the lenders from time to time party thereto. Advances under the Credit Agreement will be used for working capital and general corporate purposes, in each case pursuant to the terms of the Credit Agreement. Capitalized terms used in this section and not otherwise defined have the meanings set forth in the Credit Agreement. Advances under the Credit Agreement bear interest as follows: (a)(i) LIBOR Rate Loans bear interest at the LIBOR Rate and (ii) Base Rate Loans bear interest at the Base Rate, plus (b) an applicable margin. The initial applicable margin for borrowing is 1.25% in the case of Base Rate Loans and 2.00% in the case of LIBOR Rate Loans. In addition to paying interest on outstanding principal under the Credit Agreement, MDC is required to pay an unused revolver fee to lenders under the Credit Agreement in respect of unused commitments thereunder.            
Debt instrument, maturity date       Sep. 30, 2019      
Debt instrument, face amount           225,000,000us-gaap_DebtInstrumentFaceAmount
/ us-gaap_LineOfCreditFacilityAxis
= mdca_WellsFargoCapitalFinanceLlcMember
 
Line of credit facility, increase (decrease)       100,000,000us-gaap_LineOfCreditFacilityIncreaseDecreaseForPeriodNet
/ us-gaap_LineOfCreditFacilityAxis
= mdca_WellsFargoCapitalFinanceLlcMember
     
Current borrowing capacity           225,000,000us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity
/ us-gaap_LineOfCreditFacilityAxis
= mdca_WellsFargoCapitalFinanceLlcMember
 
Maximum borrowing capacity       325,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_LineOfCreditFacilityAxis
= mdca_WellsFargoCapitalFinanceLlcMember
     
Debt Instrument, Basis Spread on Variable Rate, Rate Reduction from Amendment       25.00%mdca_DebtInstrumentBasisSpreadonVariableRateRateReductionfromAmendment
/ us-gaap_LineOfCreditFacilityAxis
= mdca_WellsFargoCapitalFinanceLlcMember
     
Wells Fargo Capital Finance, LLC | Base Rate              
Debt [Line Items]              
Stated interest rate 1.00%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_LineOfCreditFacilityAxis
= mdca_WellsFargoCapitalFinanceLlcMember
/ us-gaap_VariableRateAxis
= us-gaap_BaseRateMember
    1.00%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_LineOfCreditFacilityAxis
= mdca_WellsFargoCapitalFinanceLlcMember
/ us-gaap_VariableRateAxis
= us-gaap_BaseRateMember
     
Wells Fargo Capital Finance, LLC | London Interbank Offered Rate (LIBOR)              
Debt [Line Items]              
Stated interest rate 1.75%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_LineOfCreditFacilityAxis
= mdca_WellsFargoCapitalFinanceLlcMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
    1.75%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_LineOfCreditFacilityAxis
= mdca_WellsFargoCapitalFinanceLlcMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
     
6.75% Notes Issued in April 2014              
Debt [Line Items]              
Stated interest rate         6.75%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= mdca_SixPointSevenFivePercentageNotesIssuedinAprilTwoThousandFourteenMember
   
Proceeds from issuance of debt         77,452,000us-gaap_ProceedsFromIssuanceOfDebt
/ us-gaap_DebtInstrumentAxis
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Debt instrument, face amount         75,000,000us-gaap_DebtInstrumentFaceAmount
/ us-gaap_DebtInstrumentAxis
= mdca_SixPointSevenFivePercentageNotesIssuedinAprilTwoThousandFourteenMember
   
Debt instrument, unamortized premium         3,938,000us-gaap_DebtInstrumentUnamortizedPremium
/ us-gaap_DebtInstrumentAxis
= mdca_SixPointSevenFivePercentageNotesIssuedinAprilTwoThousandFourteenMember
   
Expense related to distribution or servicing and underwriting fees         1,500,000us-gaap_ExpenseRelatedToDistributionOrServicingAndUnderwritingFees
/ us-gaap_DebtInstrumentAxis
= mdca_SixPointSevenFivePercentageNotesIssuedinAprilTwoThousandFourteenMember
   
6.75% Notes              
Debt [Line Items]              
Debt instrument, percentage redeemable redemption date, additional 106.75%mdca_DebtInstrumentPercentageRedeemableRedemptionDateAdditional
/ us-gaap_DebtInstrumentAxis
= mdca_SixPointSevenFivePercentageNotesMember
           
Stated interest rate 6.75%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= mdca_SixPointSevenFivePercentageNotesMember
6.75%us-gaap_DebtInstrumentInterestRateStatedPercentage
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= mdca_SixPointSevenFivePercentageNotesMember
6.75%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= mdca_SixPointSevenFivePercentageNotesMember
    6.75%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= mdca_SixPointSevenFivePercentageNotesMember
 
Debt Instrument, Maturity Year           2020  
Debt instrument, maturity date           Apr. 01, 2020  
Proceeds from issuance of debt           537,600,000us-gaap_ProceedsFromIssuanceOfDebt
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Debt instrument, face amount           550,000,000us-gaap_DebtInstrumentFaceAmount
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= mdca_SixPointSevenFivePercentageNotesMember
 
Debt instrument, percentage of redemption price, redemption date one 103.375%mdca_DebtInstrumentPercentageOfRedemptionPriceRedemptionDateOne
/ us-gaap_DebtInstrumentAxis
= mdca_SixPointSevenFivePercentageNotesMember
           
Debt instrument, redemption date, one Apr. 01, 2016            
Debt instrument, percentage of redemption price, redemption date two 101.688%mdca_DebtInstrumentPercentageOfRedemptionPriceRedemptionDateTwo
/ us-gaap_DebtInstrumentAxis
= mdca_SixPointSevenFivePercentageNotesMember
           
Debt instrument, redemption date, two Apr. 01, 2017            
Debt instrument, percentage of redemption price, redemption date, latest for redemption at face amount 100.00%mdca_DebtInstrumentPercentageOfRedemptionPriceRedemptionDateLatestForRedemptionAtFaceAmount
/ us-gaap_DebtInstrumentAxis
= mdca_SixPointSevenFivePercentageNotesMember
           
Debt instrument, redemption date, latest for redemption at face amount Apr. 01, 2018            
Debt instrument, percentage of redemption price redemption date, additional 35.00%mdca_DebtInstrumentPercentageOfRedemptionPriceRedemptionDateAdditional
/ us-gaap_DebtInstrumentAxis
= mdca_SixPointSevenFivePercentageNotesMember
           
Debt instrument, percentage of redemption price, change in ownership control 101.00%mdca_DebtInstrumentPercentageOfRedemptionPriceChangeInOwnershipControl
/ us-gaap_DebtInstrumentAxis
= mdca_SixPointSevenFivePercentageNotesMember
           
6.75% Notes Issued in November 2013              
Debt [Line Items]              
Stated interest rate             6.75%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= mdca_SixPointSevenFivePercentageNotesIssuedinNovemberTwoThousandThirteenMember
Proceeds from issuance of debt             111,925,000us-gaap_ProceedsFromIssuanceOfDebt
/ us-gaap_DebtInstrumentAxis
= mdca_SixPointSevenFivePercentageNotesIssuedinNovemberTwoThousandThirteenMember
Debt instrument, face amount             110,000,000us-gaap_DebtInstrumentFaceAmount
/ us-gaap_DebtInstrumentAxis
= mdca_SixPointSevenFivePercentageNotesIssuedinNovemberTwoThousandThirteenMember
Debt instrument, unamortized premium             4,125,000us-gaap_DebtInstrumentUnamortizedPremium
/ us-gaap_DebtInstrumentAxis
= mdca_SixPointSevenFivePercentageNotesIssuedinNovemberTwoThousandThirteenMember
Expense related to distribution or servicing and underwriting fees             2,200,000us-gaap_ExpenseRelatedToDistributionOrServicingAndUnderwritingFees
/ us-gaap_DebtInstrumentAxis
= mdca_SixPointSevenFivePercentageNotesIssuedinNovemberTwoThousandThirteenMember
11% Notes              
Debt [Line Items]              
Loss on redemption of Notes   $ 55,588,000us-gaap_GainLossOnRepurchaseOfDebtInstrument
/ us-gaap_DebtInstrumentAxis
= mdca_ElevenPercentageNotesMember
         
Stated interest rate 11.00%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= mdca_ElevenPercentageNotesMember
11.00%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
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11.00%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
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Debt instrument, percentage of redemption price redemption date, additional   11.00%mdca_DebtInstrumentPercentageOfRedemptionPriceRedemptionDateAdditional
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