Annual report pursuant to Section 13 and 15(d)

LONG-TERM DEBT (Tables)

v3.20.4
LONG-TERM DEBT (Tables)
 12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Summary of long-term debt
Long-term debt, which includes finance leases, consisted of the following:
December 31,
2020 2019
(in thousands)
Senior Secured Credit Facility:
Term loan B $ 938,125  $ 947,625 
6.5% Senior Secured Notes due 2027 1,200,000  — 
4.75% Senior Notes due 2027 950,000  950,000 
4.875% Senior Notes due 2024 575,000  575,000 
5.625% Senior Notes due 2026 300,000  300,000 
2.5% Convertible Senior Notes due 2023 550,000  550,000 
2.0% Convertible Senior Notes due 2025 400,000  — 
Other long-term debt 125,226  80,642 
Total principal amount 5,038,351  3,403,267 
Less unamortized discounts and debt issuance costs (129,840) (94,210)
Total long-term debt, net of unamortized discounts and debt issuance costs 4,908,511  3,309,057 
Less: current portion 53,415  37,795 
Total long-term debt, net $ 4,855,096  $ 3,271,262 
Future maturities of long-term debt
Future maturities of long-term debt at December 31, 2020 are as follows:
(in thousands)
2021 $ 53,415 
2022 573,897 
2023 38,604 
2024 989,824 
2025 36,359 
Thereafter 3,346,252 
Total $ 5,038,351 
Summary of pretax interest cost recognized on convertible senior notes
The following table summarizes the amount of pre-tax interest cost recognized on the convertible senior notes:
  Year Ended December 31,
  2020 2019 2018
  (in thousands)
Interest cost recognized relating to:  
  Contractual interest coupon $ 21,011  $ 14,015  $ 12,894 
  Amortization of debt discount 19,260  12,599  10,746 
  Amortization of debt issuance costs 3,230  2,134  1,940 
Total interest cost recognized on the notes $ 43,501  $ 28,748  $ 25,580