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LONG TERM DEBT (Tables)
12 Months Ended
Jun. 30, 2016
Long-Term Debt [Abstract]  
Schedule of long-term debt

 

 

 

June 30,

 

 

 

2016

 

 

2015

 

Bank credit facility – term loans

 

$

1,032,833

 

 

$

779,297

 

Bank credit facility – revolver loans

 

 

440,000

 

 

 

295,000

 

Principal amount of long-term debt

 

 

1,472,833

 

 

 

1,074,297

 

Less unamortized debt issuance costs (1)

 

 

(16,789

)

 

 

(10,733

)

Total long-term debt

 

 

1,456,044

 

 

 

1,063,564

 

Less current portion

 

 

(53,965

)

 

 

(38,965

)

Long-term debt, net of current portion

 

$

1,402,079

 

 

$

1,024,599

 

 

(1)

Balance as of June 30, 2015 has been adjusted for the reclassification of debt issuance costs related to the adoption of ASU 2015-03.  See Note 3 for additional information.

Schedule of components of interest expense related to the notes
 

 

 

June 30,

 

 

 

2016

 

 

2015

 

 

2014

 

Coupon interest

 

$

 

 

$

 

 

$

5,313

 

Non-cash amortization of discount

 

 

 

 

 

 

 

 

11,421

 

Amortization of issuance costs

 

 

 

 

 

 

 

 

683

 

Total

 

$

 

 

$

 

 

$

17,417

 

 
Schedule of effect of derivative instruments in the condensed consolidated statements of operations and accumulated other comprehensive loss

 

 

Interest Rate Swaps

 

 

 

2016

 

 

2015

 

 

2014

 

(Loss) gain recognized in other comprehensive income

 

$

(14,859

)

 

$

(9,422

)

 

$

(4,999

)

Amounts reclassified to earnings from accumulated

   other comprehensive loss

 

$

8,867

 

 

$

7,024

 

 

$

1,356

 

Net current period other comprehensive income (loss)

 

$

(5,992

)

 

$

(2,398

)

 

$

(3,643

)

Schedule of aggregate maturities of long-term debt
 

Year ending June 30,

 

 

 

 

2017

 

$

53,965

 

2018

 

 

53,965

 

2019

 

 

107,930

 

2020

 

 

1,256,973

 

Principal amount of long-term debt

 

 

1,472,833

 

Less unamortized debt issuance costs

 

 

(16,789

)

Total long-term debt

 

$

1,456,044