Annual report pursuant to Section 13 and 15(d)

LONG-TERM DEBT (Tables)

v2.4.1.9
LONG-TERM DEBT (Tables)
 12 Months Ended
Dec. 31, 2014
Debt Disclosure [Abstract]  
Summary of long-term debt
Long-term debt, which includes capital leases, consisted of the following:
 
 
 
 
 
December 31,
 
 
 
 
 
2014
 
2013
 
 
 
 
 
(in thousands)
Senior Secured Credit Facility:
 
 
 
 
 
Term loan A, net of unamortized discount of $1.4 million and $2.0 million
 
 
 
 
 
 
in 2014 and 2013, respectively
 
$
103,517

 
$
111,578

 
Term loan B, net of unamortized discount of $12.2 million and
 
 
 
 
 
 
$14.4 million in 2014 and 2013, respectively
 
925,962

 
933,226

 
Revolving credit facility
 
—

 
—

7% Senior Notes due 2020, plus unamortized premium of $7.3 million and
 
 
 
 
 
$8.6 million in 2014 and 2013, respectively
 
432,286

 
433,571

5.375% Senior Notes due 2022
 
250,000

 
—

2.875% Convertible Senior Notes due 2027, net of unamortized discount of
 
 
 
 
 
$7.6 million in 2013
 
—

 
212,415

2.5% Convertible Senior Notes due 2019, net of unamortized discount of
 
 
 
 
 
$19.4 million in 2014
 
255,604

 
—

Other long-term debt
 
96,031

 
118,097

 
 
 
 
 
2,063,400

 
1,808,887

Less: current portion
 
47,485

 
278,403

 
 
 
 
 
 
 
 
Total long-term debt, net
 
$
2,015,915

 
$
1,530,484

Future maturities of long-term debt
Future maturities of long-term debt at December 31, 2014 are as follows:
 
(in thousands)
2015
$
47,485

2016
50,662

2017
50,180

2018
332,172

2019
14,676

Thereafter
1,593,918

Total
2,089,093

Debt discount
(32,979
)
Debt premium
7,286

Total, including premium and discount
$
2,063,400

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 2.875% convertible senior notes which were redeemed in September 2014:
 
Year Ended December 31,
 
2014
 
2013
 
2012
 
(in thousands)
Interest cost recognized relating to:
 
 
 
 
 
  Contractual interest coupon
$
8,701

 
$
6,325

 
$
6,325

  Amortization of debt discount
10,165

 
12,995

 
11,792

  Amortization of debt issuance costs
1,175

 
703

 
703

Total interest cost recognized on the notes
$
20,041

 
$
20,023

 
$
18,820