LONG-TERM DEBT (Tables)

3 Months Ended

Mar. 31, 2016

Debt Disclosure [Abstract]

Schedule of Long-term Debt

Long-term debt consisted of the following: 

	March 31, 2016			December 31, 2015
	(in thousands)
Term Loan Facility (net of $2.4 million and $3.3 million discount)	$	1,173,398		$	1,174,369
Revolving Credit Facility	133,000			43,000
Notes	237,581			235,085
Debt issuance costs	(3,039		)	(3,276		)
Total debt	1,540,940			1,449,178
Less: current maturities	(4,550		)	(4,550		)
Long-term debt	$	1,536,390		$	1,444,628

Components of Convertible Debt

The Notes consist of the following components:

	March 31, 2016			December 31, 2015
	(in thousands)
Liability component
Principal	$	287,500		$	287,500
Conversion feature	(44,039		)	(46,271		)
Discount related to debt issuance costs	(5,880		)	(6,144		)
Net carrying amount	$	237,581		$	235,085
Equity component
Conversion feature	$	49,680		$	49,680
Debt issuance costs	(1,421		)	(1,421		)
Deferred taxes	(17,750		)	(17,750		)
Net amount recorded in additional paid-in capital	$	30,509		$	30,509

Schedule of Interest Expense

Interest expense consisted of the following:

	Three months ended March 31,
	2016			2015
	(in thousands)
Senior Credit Facility:
Term Loan Facility coupon	$	9,666		$	10,932
Revolver	616			168
Amortization of discount and debt issuance costs	592			463
Total Senior Credit Facility	10,874			11,563
Notes:
Coupon	1,078			—
Amortization of conversion feature	2,232			—
Amortization of discount and debt issuance costs	275			—
Total Notes	3,585			—
Interest income and other	(16		)	(48		)
Interest expense, net	$	14,443		$	11,515