Annual report pursuant to Section 13 and 15(d)

LONG-TERM DEBT (Tables)

v3.6.0.2
LONG-TERM DEBT (Tables)
 12 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
Summary of long-term debt
Long-term debt, which includes capital leases, consisted of the following:
 
 
 
 
 
December 31,
 
 
 
 
 
2016
 
2015
 
 
 
 
 
(in thousands)
Senior Secured Credit Facility:
 
 
 
 
 
Term loan A
 
$
187,625

 
$
93,438

 
Term loan B
 
972,563

 
928,625

4.875% Senior Notes due 2024
 
575,000

 
—

5.375% Senior Notes due 2022
 
250,000

 
250,000

2.5% Convertible Senior Notes due 2019
 
275,000

 
275,000

7% Senior Notes due 2020
 
—

 
425,000

Other long-term debt
 
104,397

 
108,350

Total principal amount
 
2,364,585

 
2,080,413

Less unamortized discounts and debt issuance costs
 
(51,532
)
 
(41,399
)
Plus unamortized premium
 
—

 
6,000

Total long-term debt net of unamortized discounts, premium and debt issuance costs
 
2,313,053

 
2,045,014

Less: current portion
 
53,317

 
42,352

 
 
 
 
 
 
 
 
Total long-term debt, net
 
$
2,259,736

 
$
2,002,662

Future maturities of long-term debt
Future maturities of long-term debt at December 31, 2016 are as follows:    
 
(in thousands)
2017
$
53,345

2018
321,147

2019
41,753

2020
81,552

2021
112,920

Thereafter
1,753,868

Total
$
2,364,585

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,
 
2016
 
2015
 
2014
 
(in thousands)
Interest cost recognized relating to:
 
 
 
 
 
  Contractual interest coupon
$
6,875

 
$
6,856

 
$
8,701

  Amortization of debt discount
4,833

 
4,599

 
10,165

  Amortization of debt issuance costs
1,358

 
1,355

 
1,175

Total interest cost recognized on the notes
$
13,066

 
$
12,810

 
$
20,041