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Long-Term Debt | 9 Months Ended
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Sep. 30, 2018
Debt Disclosure [Abstract] |
Long-Term Debt | Note 6 – Long-Term Debt Long-term debt, net, consisted of the following:
(In thousands) |  | September 30, 2018 |  |  | December 31, 2017 |
Term loans |  | $ | 994,000 |  |  | $ | 1,000,000 |
Capital lease obligations |  |  | 5,238 |  |  |  | 5,839 |
Notes payable |  |  | 426 |  |  |  | 1,159 |
Total long-term debt |  |  | 999,664 |  |  |  | 1,006,998 |
Less unamortized discount |  |  | (26,771 | ) |  |  | (30,122 | )
Less unamortized debt issuance costs |  |  | (3,564 | ) |  |  | (3,917 | )
|  |  | 969,329 |  |  |  | 972,959 |
Less current maturities |  |  | (8,859 | ) |  |  | (9,759 | )
Long-term debt, net |  | $ | 960,470 |  |  | $ | 963,200 |
Senior Secured Credit Facilities As of September 30, 2018, the Company’s senior secured credit facilities consisted of a $940 million senior secured first lien credit facility (consisting of $800 million in term loans and a $140 million revolving credit facility) with JPMorgan Chase Bank, N.A. (as administrative agent and collateral agent), the lenders party thereto and the other entities party thereto (the “First Lien Facility”), and a $200 million senior secured second lien term loan facility with Credit Suisse AG, Cayman Islands Branch (as administrative agent and collateral agent), the lenders party thereto and the other entities party thereto (the “Second Lien Term Loan” and, together with the First Lien Facility, the “Credit Facilities”). On June 11, 2018, the Company entered into Incremental Joinder Agreement No. 1 with JPMorgan Chase Bank, N.A. and the lenders party thereto, pursuant to which the size of the revolving credit facility under the First Lien Facility was increased from $100 million to $140 million. As of September 30, 2018, $794 million and $200 million of term loan borrowings were outstanding under the Company’s First Lien Facility and Second Lien Term Loan, respectively, there were no letters of credit outstanding under the First Lien Facility, and the Company’s revolving credit facility was undrawn, leaving borrowing availability under the revolving credit facility as of September 30, 2018 of $140 million. As of September 30, 2018, the weighted-average effective interest rate on the Company’s outstanding borrowings under the Credit Facilities was approximately 5.7%. The revolving credit facility under the First Lien Facility matures on October 20, 2022, and the term loans under the First Lien Facility mature on October 20, 2024. The term loans under the First Lien Facility are repayable in 27 quarterly installments of $2 million each, which commenced in March 2018, followed by a final installment of $746 million at maturity. The term loans under the Second Lien Term Loan are repayable in full at maturity on October 20, 2025. The Company was in compliance with its financial covenants under the Credit Facilities as of September 30, 2018.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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