LONG-TERM DEBT / INTEREST EXPENSE (Tables)

12 Months Ended

Dec. 31, 2015

Long-term debt consisted of the following:



	December 31,
	2015			2014
	(in thousands)
Term Loan Facility (net of $2.2 million and $3.3 million discount)	$	1,174,369		$	1,342,165
Revolving Credit Facility	43,000			—
Convertible senior notes	235,085			—
Other	—			213
Total debt	$	1,452,454		$	1,342,378
Less: current maturities	(4,550		)	(4,740		)
Total long-term debt	$	1,447,904		$	1,337,638

Schedule of Total Debt Principal Maturities

At December 31, 2015, the Company's future annual contractual principal payments on long-term debt were as follows:



Years Ending December 31,	Term Loan Facility ⁽¹⁾		Revolving Credit Facility		Convertible Notes ⁽²⁾		Total
	(in thousands)
2016	$	4,550	$	—	$	—	$	4,550
2017	4,550		43,000		—		47,550
2018	4,550		—		—		4,550
2019	1,162,958		—		—		1,162,958
2020	—		—		287,500		287,500
Total future principal payments	$	1,176,608	$	43,000	$	287,500	$	1,507,108

(1) Includes the unamortized original issuance discount of $2.2 million.

(2) Includes unamortized conversion feature of $46.3 million and original issuance discount of $6.1 million.

Convertible Debt

The Notes consist of the following components as of December 31, 2015 (in thousands):



Liability component
Principal	$	287,500
Conversion feature	(46,271		)
Discount related to debt issuance costs	(6,144		)
Net carrying amount	$	235,085

Equity component
Conversion feature	$	49,680
Discount related to debt issuance costs	(1,421		)
Deferred taxes	(17,750		)
Net amount recorded in additional paid-in capital	$	30,509

Interest Income and Interest Expense Disclosure

The Company's net interest expense was as follows:



	For the year ended December 31,
	2015			2014			2013
	(in thousands)
Senior Credit Facility:
Term Loan coupon	$	42,147		$	44,427		$	42,020
Revolver	805			682			680
Loss on debt refinancing	—			—			5,712
Amortization of discount and deferred financing fees^(*)	2,583			1,729			4,712
Subtotal: Senior Credit Facility	45,535			46,838			53,124
Convertible Senior Notes:
Coupon	1,702			—			—
Amortization of conversion feature	3,410			—			—
Amortization of discount and deferred financing fees	412			—			—
Subtotal: Convertible Senior Notes	5,524			—			—
Mortgage and other interest expense	81			123			159
Interest income	(204		)	(253		)	(254		)
Interest expense, net	$	50,936		$	46,708		$	53,029

(*) In connection with the partial pay-down of $164.3 million of the Term Loan Facility, the Company recorded $0.8 million in accelerated amortization, which represents the pro-rata portion of the original issuance discount and deferred financing fees associated with the paid-down balance.