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Debt (Tables)
3 Months Ended
Mar. 31, 2018
Debt Disclosure [Abstract]  
Component of Debt

At March 31, 2018 and December 31, 2017, debt consisted of the following (in thousands):

 

 

 

 

 

 

March 31, 2018

 

 

December 31, 2017

 

Senior secured credit facilities, weighted-average interest rate of 4.05% and 3.75%, respectively

 

$

1,430,925

 

 

$

1,492,175

 

5.875% senior notes due 2023

 

 

600,000

 

 

 

600,000

 

Unamortized original issue discount and debt issuance costs

 

 

(44,355

)

 

 

(46,980

)

 

 

 

1,986,570

 

 

 

2,045,195

 

Less current portion of long-term debt

 

 

37,338

 

 

 

37,863

 

Long-term debt

 

$

1,949,232

 

 

$

2,007,332

 

 

Schedule of Carrying Amounts and Fair Values of Financial Instruments

The carrying amounts and fair values of financial instruments are as follows (in thousands):

 

 

 

March 31, 2018

 

 

December 31, 2017

 

 

 

Carrying

 

 

Fair

 

 

Carrying

 

 

Fair

 

 

 

Amount

 

 

Value

 

 

Amount

 

 

Value

 

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Senior secured credit facilities

 

$

1,430,925

 

 

$

1,436,911

 

 

$

1,492,175

 

 

$

1,500,761

 

5.875% senior notes due 2023

 

 

600,000

 

 

 

630,660

 

 

 

600,000

 

 

 

631,313