| Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis |
The following tables present the fair value of our assets
(liabilities) that are required to be measured at fair value on a
recurring basis as of March 31, 2014 and December 31,
2013 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
Fair Value at Reporting Date Using |
|
| |
|
March 31, 2014 |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
|
|
|
|
|
Contingent consideration
|
|
$ |
(26,601 |
) |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
(26,601 |
) |
|
Derivatives
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency forward contracts (see Note 8)
|
|
|
3,609 |
|
|
|
— |
|
|
|
3,609 |
|
|
|
— |
|
|
Interest rate swap contracts (see Note 8)
|
|
|
(7,658 |
) |
|
|
— |
|
|
|
(7,658 |
) |
|
|
— |
|
|
Contingent call option, 2019 Notes (see Note 7)
|
|
|
1,657 |
|
|
|
— |
|
|
|
— |
|
|
|
1,657 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total derivatives
|
|
|
(2,392 |
) |
|
|
— |
|
|
|
(4,049 |
) |
|
|
1,657 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
(28,993 |
) |
|
$ |
— |
|
|
$ |
(4,049 |
) |
|
$ |
(24,944 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
Fair Value at Reporting Date Using |
|
| |
|
December 31, 2013 |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
|
|
|
|
|
Contingent consideration
|
|
$ |
(26,303 |
) |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
(26,303 |
) |
|
Derivatives
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency forward contracts (see Note 8)
|
|
|
5,374 |
|
|
|
— |
|
|
|
5,374 |
|
|
|
— |
|
|
Interest rate swap contracts (see Note 8)
|
|
|
(11,533 |
) |
|
|
— |
|
|
|
(11,533 |
) |
|
|
— |
|
|
Contingent call option, 2019 Notes (see Note 7)
|
|
|
1,657 |
|
|
|
— |
|
|
|
— |
|
|
|
1,657 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total derivatives
|
|
|
(4,502 |
) |
|
|
— |
|
|
|
(6,159 |
) |
|
|
1,657 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
(30,805 |
) |
|
$ |
— |
|
|
$ |
(6,159 |
) |
|
$ |
(24,646 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of Fair Value and Carrying Value of 2016 Notes, 2019 Notes and Term Loans |
The following table presents the fair value and carrying value of
our 2016 Notes, 2019 Notes and term loans under our Amended and
Restated Credit Agreement as of March 31, 2014 and
December 31, 2013:
|
|
|
|
|
|
|
|
|
|
Financial Instrument
|
|
Fair Value at
March 31, 2014 |
|
|
Carrying Value at
March 31, 2014 |
|
|
$400 million 2016 notes
|
|
$ |
447 million |
|
|
$ |
390 million |
|
|
$800 million 2019 notes
|
|
$ |
888 million |
|
|
$ |
800 million |
|
|
$1,775 million Term Loan B
|
|
$ |
1,754 million |
|
|
$ |
1,744 million |
|
|
$350 million Incremental Term Facility
|
|
$ |
349 million |
|
|
$ |
348 million |
|
|
$425 million Term Loan C
|
|
$ |
347 million |
|
|
$ |
345 million |
|
|
|
|
|
Financial Instrument
|
|
Fair Value at
December 31, 2013 |
|
|
Carrying Value at
December 31, 2013 |
|
|
$400 million 2016 notes
|
|
$ |
448 million |
|
|
$ |
389 million |
|
|
$800 million 2019 notes
|
|
$ |
886 million |
|
|
$ |
800 million |
|
|
$1,775 million Term Loan B
|
|
$ |
1,777 million |
|
|
$ |
1,747 million |
|
|
$350 million Incremental Term Facility
|
|
$ |
349 million |
|
|
$ |
349 million |
|
|
$425 million Term Loan C
|
|
$ |
363 million |
|
|
$ |
360 million |
|
|