| Debt Disclosure [Abstract] | Period [Axis] |
|---|
2016-01-01 - 2016-12-31 |
|---|
Debt Disclosure [Abstract] | |
Long-term Debt |
Long-term debt was comprised of the following:
|
|
|
December 31, |
|
|
|
|
2016 |
|
|
2015 |
|
|
Senior Secured Credit Facilities: |
|
|
|
|
|
|
|
|
|
Term Loan A |
|
$ |
862,500 |
|
|
$ |
925,000 |
|
|
Term Loan B |
|
|
3,412,500 |
|
|
|
3,447,500 |
|
|
Senior notes |
|
|
4,500,000 |
|
|
|
4,500,000 |
|
|
Acquisition obligations and other notes payable |
|
|
117,547 |
|
|
|
70,645 |
|
|
Capital lease obligations |
|
|
299,682 |
|
|
|
283,185 |
|
|
Total debt principal outstanding |
|
|
9,192,229 |
|
|
|
9,226,330 |
|
|
Discount and deferred financing costs |
|
|
(79,861 |
) |
|
|
(95,985 |
) |
|
|
|
|
9,112,368 |
|
|
|
9,130,345 |
|
|
Less current portion |
|
|
(165,041 |
) |
|
|
(129,037 |
) |
|
|
|
$ |
8,947,327 |
|
|
$ |
9,001,308 |
|
|
Scheduled Maturities of Long-term Debt |
Scheduled maturities of long-term debt at December 31, 2016 were as follows:
|
2017 |
|
|
165,041 |
|
|
2018 |
|
|
167,684 |
|
|
2019 |
|
|
747,871 |
|
|
2020 |
|
|
69,508 |
|
|
2021 |
|
|
3,300,437 |
|
|
Thereafter |
|
|
4,741,688 |
|
|
Derivative Instruments |
The following table summarizes the Company’s derivative instruments as of December 31, 2016 and 2015:
|
|
|
Interest rate swap and cap agreements (liabilities and assets) |
|
|
|
|
December 31, 2016 |
|
|
December 31, 2015 |
|
|
Derivatives designated as hedging instruments |
|
Balance sheet
location |
|
Fair value |
|
|
Balance sheet
location |
|
Fair value |
|
|
Interest rate swap agreements |
|
|
|
$ |
— |
|
|
Other short-
term assets |
|
$ |
516 |
|
|
Interest rate cap agreements |
|
Other long-
term assets |
|
$ |
9,929 |
|
|
Other long-
term assets |
|
$ |
15,127 |
|
|
Effects of Interest Rate Swap and Cap Agreements |
The following table summarizes the effects of the Company’s interest rate swap and cap agreements for the years ended December 31, 2016, 2015 and 2014:
|
|
|
Amount of losses recognized in OCI
on interest rate swap and cap agreements |
|
|
Location of (losses) gains reclassified from |
|
Amount of gains
reclassified from accumulated
OCI into income |
|
|
|
|
Years ended December 31, |
|
|
accumulated |
|
Years ended December 31, |
|
|
Derivatives designated as cash flow hedges |
|
2016 |
|
|
2015 |
|
|
2014 |
|
|
OCI into
income |
|
2016 |
|
|
2015 |
|
|
2014 |
|
|
Interest rate swap agreements |
|
$ |
(815 |
) |
|
$ |
(3,971 |
) |
|
$ |
(8,390 |
) |
|
Debt expense |
|
$ |
299 |
|
|
$ |
2,664 |
|
|
$ |
12,279 |
|
|
Interest rate cap agreements |
|
|
(5,198 |
) |
|
|
(16,114 |
) |
|
|
(8,119 |
) |
|
Debt expense |
|
|
3,899 |
|
|
|
2,439 |
|
|
|
5,130 |
|
|
Tax benefit (expense) |
|
|
2,343 |
|
|
|
7,844 |
|
|
|
6,450 |
|
|
|
|
|
(1,632 |
) |
|
|
(1,992 |
) |
|
|
(6,801 |
) |
|
Total |
|
$ |
(3,670 |
) |
|
$ |
(12,241 |
) |
|
$ |
(10,059 |
) |
|
|
|
$ |
2,566 |
|
|
$ |
3,111 |
|
|
$ |
10,608 |
|
|