Long-Term Debt and Notes Payable (Tables)

3 Months Ended

Mar. 31, 2018

Debt Disclosure [Abstract]

Schedule of Company's long-term debt and notes payable

As of March 31, 2018, the Company’s long-term debt and notes payable are as follows (in thousands):

	Principal Outstanding		Unamortized Premium (Discount)			Unamortized Issuance Costs			Carrying Value		Fair Value
Select:
6.375% senior notes	$	710,000	$	721		$	(6,074	)	$	704,647	$	720,650
Credit facilities:
Revolving facility	245,000		—			—			245,000		225,400
Term loans	1,138,500		(11,883		)	(11,946		)	1,114,671		1,151,308
Other	43,268		—			(519		)	42,749		42,749
Total Select debt	2,136,768		(11,162		)	(18,539		)	2,107,067		2,140,107
Concentra:
Credit facilities:
Term loans	1,414,175		(3,498		)	(23,021		)	1,387,656		1,427,384
Other	5,797		—			—			5,797		5,797
Total Concentra debt	1,419,972		(3,498		)	(23,021		)	1,393,453		1,433,181
Total debt	$	3,556,740	$	(14,660	)	$	(41,560	)	$	3,500,520	$	3,573,288

As of December 31, 2017, the Company’s long-term debt and notes payable are as follows (in thousands):

	Principal Outstanding		Unamortized Premium (Discount)			Unamortized Issuance Costs			Carrying Value		Fair Value
Select:
6.375% senior notes	$	710,000	$	778		$	(6,553	)	$	704,225	$	727,750
Credit facilities:
Revolving facility	230,000		—			—			230,000		211,600
Term loans	1,141,375		(12,445		)	(12,500		)	1,116,430		1,154,215
Other	36,877		—			(533		)	36,344		36,344
Total Select debt	2,118,252		(11,667		)	(19,586		)	2,086,999		2,129,909
Concentra:
Credit facilities:
Term loans	619,175		(2,257		)	(10,668		)	606,250		625,173
Other	6,653		—			—			6,653		6,653
Total Concentra debt	625,828		(2,257		)	(10,668		)	612,903		631,826
Total debt	$	2,744,080	$	(13,924	)	$	(30,254	)	$	2,699,902	$	2,761,735

Schedule of principal maturities of the Company's long-term debt and notes payable

Principal maturities of the Company’s long-term debt and notes payable are approximately as follows (in thousands):

	2018		2019		2020		2021		2022		Thereafter		Total
Select:
6.375% senior notes	$	—	$	—	$	—	$	710,000	$	—	$	—	$	710,000
Credit facilities:
Revolving facility	—		—		—		—		245,000		—		245,000
Term loans	8,625		11,500		11,500		11,500		11,500		1,083,875		1,138,500
Other	9,218		3,207		25,285		221		—		5,337		43,268
Total Select debt	17,843		14,707		36,785		721,721		256,500		1,089,212		2,136,768
Concentra:
Credit facilities:
Term loans	—		—		5,719		12,365		1,156,091		240,000		1,414,175
Other	1,170		304		322		320		308		3,373		5,797
Total Concentra debt	1,170		304		6,041		12,685		1,156,399		243,373		1,419,972
Total debt	$	19,013	$	15,011	$	42,826	$	734,406	$	1,412,899	$	1,332,585	$	3,556,740