Long-Term Debt and Notes Payable (Tables)

12 Months Ended

Dec. 31, 2017

Debt Disclosure [Abstract]

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

The Company’s long‑term debt and notes payable as of December 31, 2017 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 loan	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 loan	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

The Company’s long‑term debt and notes payable as of December 31, 2016 were as follows (in thousands):

	Principal Outstanding		Unamortized Premium (Discount)			Unamortized Issuance Costs			Carrying Value		Fair Value
Select:
6.375% senior notes	$	710,000	$	1,006		$	(8,461	)	$	702,545	$	710,000
Credit facilities:
Revolving facility	220,000		—			—			220,000		204,600
Term loan	1,147,751		(11,967		)	(13,581		)	1,122,203		1,165,860
Other	22,688		—			—			22,688		22,688
Total Select debt	2,100,439		(10,961		)	(22,042		)	2,067,436		2,103,148
Concentra:
Credit facilities:
Term loan	642,239		(2,773		)	(13,091		)	626,375		644,648
Other	5,178		—			—			5,178		5,178
Total Concentra debt	647,417		(2,773		)	(13,091		)	631,553		649,826
Total debt	$	2,747,856	$	(13,734	)	$	(35,133	)	$	2,698,989	$	2,752,974

Schedule of 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	—		—		—		—		230,000		—		230,000
Term loan	11,500		11,500		11,500		11,500		11,500		1,083,875		1,141,375
Other	8,086		3,221		23,299		236		10		2,025		36,877
Total Select debt	19,586		14,721		34,799		721,736		241,510		1,085,900		2,118,252
Concentra:
Credit facilities:
Term loan	—		—		3,016		6,520		609,639		—		619,175
Other	2,600		154		172		170		183		3,374		6,653
Total Concentra debt	2,600		154		3,188		6,690		609,822		3,374		625,828
Total debt	$	22,186	$	14,875	$	37,987	$	728,426	$	851,332	$	1,089,274	$	2,744,080

Schedule of redemption prices of senior notes

Select may redeem some or all of the Notes at the following redemption prices (expressed in percentages of principal amount on the redemption date), plus accrued interest, if any, if redeemed during the twelve-month period beginning on June 1 of the years indicated below:

Year	Redemption Price
2017	103.188	%
2018	101.594	%
2019	100.000	%