Annual report pursuant to Section 13 and 15(d)

LONG-TERM DEBT (Tables)

v3.3.1.900
LONG-TERM DEBT (Tables)
 12 Months Ended
Dec. 31, 2015
Debt Disclosure [Abstract]  
Summary of long-term debt
Long-term debt, which includes capital leases, consisted of the following:
 
 
 
 
 
December 31,
 
 
 
 
 
2015
 
2014
 
 
 
 
 
 
 
 
 
 
 
 
 
(in thousands)
Senior Secured Credit Facility:
 
 
 
 
 
Term loan A
 
$
93,438

 
$
104,937

 
Term loan B
 
928,625

 
938,125

7% Senior Notes due 2020
 
425,000

 
425,000

5.375% Senior Notes due 2022
 
250,000

 
250,000

2.5% Convertible Senior Notes due 2019
 
275,000

 
275,000

Other long-term debt
 
108,350

 
96,031

Total principal amount
 
2,080,413

 
2,089,093

Less unamortized discounts and debt issuance costs
 
(41,399
)
 
(52,979
)
Plus unamortized premium
 
6,000

 
7,286

Total long-term debt net of unamortized discounts, premium and debt issuance costs
 
2,045,014

 
2,043,400

Less: current portion
 
42,352

 
47,443

 
 
 
 
 
 
 
 
Total long-term debt, net
 
$
2,002,662

 
$
1,995,957

Future maturities of long-term debt
Future maturities of long-term debt at December 31, 2015 are as follows:     
 
(in thousands)
2016
$
42,484

2017
61,458

2018
343,116

2019
19,213

2020
1,340,533

Thereafter
273,609

Total
$
2,080,413

Summary of pre tax interest cost recognized on convertible senior notes
The following table summarizes the amount of pre-tax interest cost recognized on the 2.5% convertible senior notes and the Company’s 2.875% convertible senior notes which were redeemed in September 2014:
 
Year Ended December 31,
 
2015
 
2014
 
2013
 
(in thousands)
Interest cost recognized relating to:
 
 
 
 
 
  Contractual interest coupon
$
6,856

 
$
8,701

 
$
6,325

  Amortization of debt discount
4,599

 
10,165

 
12,995

  Amortization of debt issuance costs
1,355

 
1,175

 
703

Total interest cost recognized on the notes
$
12,810

 
$
20,041

 
$
20,023