| Summary of long-term debt |
Long-term debt, which includes capital leases, at September 30, 2014 and December 31, 2013, consists of the following:
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September 30, 2014 |
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December 31, 2013 |
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(in thousands) |
Senior Secured Credit Facility: |
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Term loan A, net of unamortized discount of $1.6 million and $2.0 million |
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at September 30, 2014 and December 31, 2013, respectively |
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$ |
106,254 |
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$ |
111,578 |
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Term loan B, net of unamortized discount of $12.7 million and |
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$14.4 million at September 30, 2014 and December 31, 2013, respectively |
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927,775 |
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933,226 |
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Revolving credit facility |
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— |
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— |
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7% Senior Notes due 2020, plus unamortized premium of $7.6 million |
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and $8.6 million at September 30, 2014 and December 31, 2013, respectively |
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432,607 |
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433,571 |
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5.375% Senior Notes due 2022 |
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250,000 |
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— |
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2.875% Convertible Senior Notes due 2027, net of unamortized discount of |
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$7.6 million at December 31, 2013 |
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— |
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212,415 |
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2.5% Convertible Senior Notes due 2019, net of unamortized discount of |
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$20.5 million at September 30, 2014 |
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254,490 |
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— |
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Other long-term debt |
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104,030 |
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118,097 |
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2,075,156 |
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1,808,887 |
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Less: current portion |
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47,947 |
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278,403 |
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Total long-term debt, net |
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$ |
2,027,209 |
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$ |
1,530,484 |
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| Future maturities of long-term debt |
Future maturities of long-term debt at September 30, 2014 are as follow:
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(in thousands) |
2014 |
$ |
11,330 |
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2015 |
46,312 |
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2016 |
50,187 |
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2017 |
48,886 |
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2018 |
330,567 |
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Thereafter |
1,615,060 |
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Total |
2,102,342 |
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Debt discount |
(34,793 |
) |
Debt premium |
7,607 |
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Total, including premium and discount |
$ |
2,075,156 |
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| 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 notes:
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Three Months Ended
September 30, 2014 |
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Nine Months Ended
September 30, 2014 |
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(in thousands) |
Interest cost recognized relating to: |
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Contractual interest coupon |
$ |
1,719 |
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$ |
2,444 |
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Amortization of debt discount |
1,089 |
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1,465 |
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Amortization of debt issuance costs |
334 |
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|
453 |
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Total interest cost recognized on the notes |
$ |
3,142 |
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$ |
4,362 |
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