Notes Payable (Tables)

3 Months Ended

Mar. 31, 2017

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

At December 31, 2016 and March 31, 2017, notes payable, net of original issuance discount and deferred financing costs, consisted of the following:

	For the Year Ended December 31, 2016		For the Three Months Ended March 31, 2017
	(in thousands)
First Lien Term Loan	$	985,640	$	980,410
Incremental First Lien Term Loan	674,860		672,812
Senior Notes	326,480		327,010
Revolving Credit Facilities	—		—
Total Notes Payable	1,986,980		1,980,232
Current Portion of Notes Payable	35,700		35,700
Notes Payable - long term	$	1,951,280	$	1,944,532

As of December 31, 2016 and March 31, 2017, the Incremental First Lien had an outstanding balance of:

	For the Year Ended December 31, 2016			For the Period Ended March 31, 2017
	(in thousands)
Incremental First Lien Term Loan	$	720,300		$	716,625
Unamortized deferred financing costs	(25,869		)	(24,945		)
Unamortized original issuance discount	(19,571		)	(18,868		)
Net Incremental First Lien Term Loan	674,860			672,812
Current portion of Incremental First Lien Term Loan	14,700			14,700
Incremental First Lien Term Loan - long term	$	660,160		$	658,112

As of December 31, 2016 and March 31, 2017, the Notes had an outstanding balance of:

	For the Year Ended December 31, 2016			For the Period Ended March 31, 2017
	(in thousands)
Senior Notes	$	350,000		$	350,000
Unamortized deferred financing costs	(17,238		)	(16,852		)
Unamortized original issuance discount	(6,282		)	(6,138		)
Net Senior Notes	326,480			327,010
Current portion of Senior Notes	—			—
Senior Notes - long term	$	326,480		$	327,010

As of December 31, 2016 and March 31, 2017, the First Lien had an outstanding balance of:

	For the Year Ended December 31, 2016			For the Three Months Ended March 31, 2017
	(in thousands)
First Lien Term Loan	$	985,875		$	980,625
Unamortized deferred financing costs	(235		)	(215		)
Net First Lien Term Loan	985,640			980,410
Current portion of First Lien Term Loan	21,000			21,000
First Lien Term Loan - long term	$	964,640		$	959,410

Summary of Future Debt Maturities

The maturity of the notes payable at March 31, 2017 is as follows:

Maturity Date as of December 31,	(in thousands)
(Remainder of) 2017	$	26,775
2018	35,700
2019	958,575
2020	14,700
2021	14,700
Thereafter	996,800
Total	$	2,047,250

Summary of Interest Rates and Interest Expense

The following table provides a summary of interest rates and interest expense for the three months ended March 31, 2016 and 2017:

	Three Months Ended March 31, 2016			Three Months Ended March 31, 2017
	(dollars in thousands)
Interest rate—LIBOR	6.00%-7.75%			6.00%-6.53%
Interest rate—reference	7.50%-8.50%			*
Interest rate—Senior Notes	10.875		%	10.875		%
Non-refundable fee—unused facility	0.50		%	0.50		%
Interest expense and service fees	$	27,996		$	36,655
Amortization of deferred financing fees	911			1,744
Amortization of original issue discounts	449			846
Amortization of net present value of deferred consideration	783			190
Other interest expense	232			81
Total interest expense	$	30,371		$	39,516

* The Company did not use this facility for the three months ended March 31, 2017.