XML 76 R62.htm IDEA: XBRL DOCUMENT v3.3.1.900
Debt Arrangements - Additional Information (Detail)
1 Months Ended 12 Months Ended 60 Months Ended
Mar. 07, 2016
USD ($)
Mar. 18, 2013
USD ($)
d
$ / shares
shares
Mar. 13, 2013
USD ($)
$ / shares
shares
Mar. 12, 2013
$ / shares
Nov. 29, 2012
USD ($)
May. 23, 2011
USD ($)
d
$ / shares
shares
May. 17, 2011
$ / shares
Feb. 28, 2015
USD ($)
Jul. 31, 2014
USD ($)
Mar. 31, 2013
USD ($)
Dec. 31, 2015
USD ($)
shares
Dec. 31, 2014
USD ($)
shares
Dec. 31, 2013
USD ($)
shares
Dec. 31, 2012
USD ($)
shares
Dec. 31, 2011
USD ($)
shares
Dec. 31, 2015
USD ($)
shares
Jan. 27, 2016
Jun. 21, 2013
USD ($)
Debt Instrument [Line Items]                                    
Net proceeds received from issuance of debt                         $ 392,000,000          
Payments of securitized financing transaction                     $ 496,000   3,838,000          
Payment for the acquisition of Brand                     438,000 $ 915,000 8,372,000          
Payment of long-term debt                     61,124,000 62,856,000 95,113,000          
Current portion of long-term debt                     61,123,000 61,123,000       $ 61,123,000    
Restricted cash                     49,544,000 59,560,000       49,544,000    
Long term debt                     1,464,408,000 1,394,077,000       $ 1,464,408,000    
Non cash additional interest expense on convertible notes                     $ 31,455,000 $ 29,616,000 $ 24,838,000          
Number of shares repurchased | shares                     360,000 4,994,578 15,812,566 7,185,257 1,150,000 29,502,401    
Cost of shares repurchased                     $ 12,391,000 $ 193,434,000 $ 436,419,000 $ 125,341,000 $ 19,138,000 $ 786,723,000    
Proceeds received from sale of sold warrants                         57,707,000          
Deferred income tax related to convertible notes                     $ 46,417,000 54,980,000       46,417,000    
Minimum | Subsequent Event                                    
Debt Instrument [Line Items]                                    
Equity ownership percentage                                 20.00%  
Senior Secured Term Loan | Subsequent Event                                    
Debt Instrument [Line Items]                                    
Principal amount of long term debt $ 300,000,000                                  
Debt instrument, maturity date Mar. 07, 2021                                  
Debt instrument, term 5 years                                  
MG Icon                                    
Debt Instrument [Line Items]                                    
Equity ownership percentage         50.00%                          
Peanuts Worldwide                                    
Debt Instrument [Line Items]                                    
Joint venture ownership percentage         80.00%                          
Hardy Way                                    
Debt Instrument [Line Items]                                    
Joint venture ownership percentage         85.00%                          
Zoo York brand                                    
Debt Instrument [Line Items]                                    
Ownership Percentage         100.00%                          
Ice Cream Trademarks                                    
Debt Instrument [Line Items]                                    
Equity ownership percentage                                   50.00%
2012 Senior Secured Notes                                    
Debt Instrument [Line Items]                                    
Principal amount of long term debt         $ 600,000,000                          
Debt instrument, interest rate, stated percentage         4.229%                          
Debt instrument, quarterly payment         $ 10,500,000                          
Debt instrument, frequency of payment                     quarterly              
Excess interest rate on original interest rate         3.40%                          
Proceeds from issuance of debt instrument         $ 150,400,000                          
Payments of securitized financing transaction         20,900,000                          
2012 Senior Secured Notes | Umbro                                    
Debt Instrument [Line Items]                                    
Payment for the acquisition of Brand         218,300,000                          
Class A Variable Funding Note                                    
Debt Instrument [Line Items]                                    
Principal amount of long term debt         100,000,000                          
Variable Funding Notes                                    
Debt Instrument [Line Items]                                    
Net proceeds received from issuance of debt               $ 100,000,000                    
Commitment fee on the unused portion of the variable funding notes facility               0.50%                    
Debt Instrument anticipated repayment year and month               2018-01                    
Additional interest rate               5.00%                    
Long term debt                     $ 100,000,000         100,000,000    
2013 Senior Secured Notes                                    
Debt Instrument [Line Items]                                    
Principal amount of long term debt                                   $ 275,000,000
Debt instrument, interest rate, stated percentage                                   4.352%
Debt instrument, quarterly payment         $ 4,800,000                          
Debt instrument, frequency of payment                     quarterly              
Excess interest rate on original interest rate         3.14%                          
Payments of securitized financing transaction         $ 7,200,000                          
Senior Secured Notes                                    
Debt Instrument [Line Items]                                    
Principal amount of long term debt                     $ 812,900,000 774,000,000       812,900,000    
Debt Instrument anticipated repayment year and month         2020-01                          
Additional interest rate         5.00%                          
Debt instrument, Maturity Date         2043-01                          
Debt instrument description of interest                     If the Co-Issuers have not repaid or refinanced the Senior Secured Notes prior to the anticipated repayment date, additional interest will accrue on the Senior Secured Notes equal to the greater of (A) 5% per annum and (B) a per annum interest rate equal to the excess, if any, by which the sum of (i) the yield to maturity (adjusted to a quarterly bond-equivalent basis), on the anticipated repayment date of the United States treasury security having a term closest to 10 years plus (ii) 5% plus (iii) with respect to the 2012 Senior Secured Notes, 3.4%, or with respect to the 2013 Senior Secured Notes, 3.14%, exceeds the original interest rate.              
Anticipated repayment date         10 years                          
Payment of long-term debt                 $ 1,600,000                  
Current portion of long-term debt                     $ 61,100,000 61,100,000       61,100,000    
Restricted cash                     49,500,000 59,600,000       49,500,000    
Cash interest expense for convertible notes                     31,600,000 34,200,000 31,200,000          
Long term debt                     712,907,000 $ 774,030,000       712,907,000    
Convertible Notes | 1.50% Senior Subordinated Notes Due March 15, 2018                                    
Debt Instrument [Line Items]                                    
Principal amount of long term debt   $ 400,000,000                 $ 400,000,000         $ 400,000,000    
Debt instrument, interest rate, stated percentage   1.50%                 1.50% 1.50%       1.50%    
Net proceeds received from issuance of debt   $ 390,600,000                                
Cash interest expense for convertible notes                     $ 6,000,000 $ 6,000,000 4,700,000          
Debt instrument, maturity date   Mar. 15, 2018                                
Debt instrument, payment terms                     The 1.50% Convertible Notes bear interest at an annual rate of 1.50%, payable semi-annually in arrears on March 15 and September 15 of each year, beginning on September 15, 2013              
Debt instrument, effective interest rate   6.50%                                
Debt instrument, conversion rate   32.4052                                
Principal amount of each convertible note   $ 1,000                                
Convertible notes, initial conversion price per share | $ / shares   $ 30.86                                
Long term debt                     $ 357,453,000 [1] 339,943,000       $ 357,453,000 [1]    
Non cash additional interest expense on convertible notes                     16,200,000 15,300,000 11,500,000          
Number of shares repurchased | shares   2,964,000                                
Cost of shares repurchased   $ 69,000,000                                
Sold warrants, shares of common stock | shares     13,000,000                              
Sold warrants, shares of common stock strike price per share | $ / shares     $ 35.5173                              
Sold warrants, shares of common stock exercise date     Jun. 18, 2018                              
Sold warrants, shares of common stock expiring date     Sep. 01, 2018                              
Proceeds received from sale of sold warrants     $ 57,700,000                              
Adjustments to additional paid in capital due convertible note hedge and warrants                   $ 3,000,000                
Convertible notes, warrant strike price | $ / shares       $ 35.5173                            
Percentage of premiums       52.50%                            
Selling price per share of common stock | $ / shares       $ 23.29                            
Convertible Notes | 1.50% Senior Subordinated Notes Due March 15, 2018 | Long | Call Option                                    
Debt Instrument [Line Items]                                    
Convertible notes, common stock option shares | shares   13,000,000                                
Payment for the purchased call option     84,100,000                              
Deferred income tax related to convertible notes     $ 29,400,000               $ 13,000,000 $ 18,900,000       13,000,000    
Convertible Notes | 1.50% Senior Subordinated Notes Due March 15, 2018 | Scenario 1                                    
Debt Instrument [Line Items]                                    
Debt instrument, convertible, threshold trading days | d   20                                
Debt instrument, convertible, threshold consecutive trading days   30 days                                
Debt Instrument, Redemption Price, Percentage                     100.00%              
Debt Instrument, Redemption, Description                     price equal to 100% of the principal amount of the 1.50% Convertible Notes, plus accrued and unpaid interest, if any              
Convertible Notes | 1.50% Senior Subordinated Notes Due March 15, 2018 | Scenario 2                                    
Debt Instrument [Line Items]                                    
Debt instrument, convertible, threshold trading days | d   5                                
Debt instrument, convertible, threshold consecutive trading days   5 days                                
Convertible Notes | 1.50% Senior Subordinated Notes Due March 15, 2018 | Minimum                                    
Debt Instrument [Line Items]                                    
Percentage of closing price to trigger debt conversion   130.00%                                
Convertible Notes | 1.50% Senior Subordinated Notes Due March 15, 2018 | Maximum                                    
Debt Instrument [Line Items]                                    
Percentage of closing price to trigger debt conversion   98.00%                                
Convertible Notes | 2.50% Senior Subordinated Notes Due June 2016                                    
Debt Instrument [Line Items]                                    
Principal amount of long term debt           $ 300,000,000         $ 300,000,000         $ 300,000,000    
Debt instrument, interest rate, stated percentage           2.50%         2.50% 2.50%       2.50%    
Net proceeds received from issuance of debt           $ 291,600,000                        
Cash interest expense for convertible notes                     $ 7,500,000 $ 7,500,000 7,500,000          
Debt instrument, payment terms                     The 2.50% Convertible Notes bear interest at an annual rate of 2.50%, payable semi-annually in arrears on June 1 and December 1 of each year, beginning December 1, 2011              
Debt instrument, effective interest rate           7.25%                        
Debt instrument, conversion rate           32.5169                        
Principal amount of each convertible note           $ 1,000                        
Convertible notes, initial conversion price per share | $ / shares           $ 30.75                        
Long term debt                     $ 294,048,000 [2],[3] 280,104,000       $ 294,048,000 [2],[3]    
Non cash additional interest expense on convertible notes                     $ 12,700,000 11,900,000 $ 11,100,000          
Sold warrants, shares of common stock | shares           9,760,000                        
Sold warrants, shares of common stock strike price per share | $ / shares           $ 40.6175                        
Sold warrants, shares of common stock exercise date           Sep. 01, 2016                        
Sold warrants, shares of common stock expiring date           Dec. 31, 2016                        
Proceeds received from sale of sold warrants           $ 28,800,000                        
Adjustments to additional paid in capital due convertible note hedge and warrants           $ (9,400,000)                        
Convertible notes, warrant strike price | $ / shares             $ 40.6175                      
Percentage of premiums             75.00%                      
Selling price per share of common stock | $ / shares             $ 23.21                      
Convertible Notes | 2.50% Senior Subordinated Notes Due June 2016 | Semi Annual Payment, First Payment                                    
Debt Instrument [Line Items]                                    
Debt instrument, interest payment period                     --06-01              
Convertible Notes | 2.50% Senior Subordinated Notes Due June 2016 | Semi Annual Payment, Second Payment                                    
Debt Instrument [Line Items]                                    
Debt instrument, interest payment period                     --12-01              
Convertible Notes | 2.50% Senior Subordinated Notes Due June 2016 | Long | Call Option                                    
Debt Instrument [Line Items]                                    
Convertible notes, common stock option shares | shares           9,800,000                        
Payment for the purchased call option           $ 58,700,000                        
Deferred income tax related to convertible notes           $ 20,600,000         $ 1,800,000 $ 5,900,000       $ 1,800,000    
Convertible Notes | 2.50% Senior Subordinated Notes Due June 2016 | Scenario 1                                    
Debt Instrument [Line Items]                                    
Debt instrument, convertible, threshold trading days | d           20                        
Debt instrument, convertible, threshold consecutive trading days           30 days                        
Debt Instrument, Redemption Price, Percentage                     100.00%              
Debt Instrument, Redemption, Description                     price equal to 100% of the principal amount of the 2.50% Convertible Notes, plus accrued and unpaid interest, if any              
Convertible Notes | 2.50% Senior Subordinated Notes Due June 2016 | Scenario 2                                    
Debt Instrument [Line Items]                                    
Debt instrument, convertible, threshold trading days | d           5                        
Debt instrument, convertible, threshold consecutive trading days           5 days                        
Convertible Notes | 2.50% Senior Subordinated Notes Due June 2016 | Minimum                                    
Debt Instrument [Line Items]                                    
Percentage of closing price to trigger debt conversion           130.00%                        
Convertible Notes | 2.50% Senior Subordinated Notes Due June 2016 | Maximum                                    
Debt Instrument [Line Items]                                    
Percentage of closing price to trigger debt conversion           98.00%                        
[1] Reflects the net debt carrying amount of the 1.50% Convertible Notes in the consolidated balance sheet as of December 31, 2015, in accordance with accounting for convertible notes. The principal amount owed to the holders of the 1.50% Convertible Notes is $400.0 million.
[2] In March 2016, the Company entered in to a long-term refinancing arrangement with CF ICX LLC and Fortress Credit Co LLC for an aggregate principal amount of $300 million (refer to Note 19 for further details) in which the proceeds are to be used to pay off the 2.50% Convertible Notes. In accordance with ASC 470, as the terms of the refinancing are readably determinable and the term of the credit agreement is five years (scheduled to mature on March 7, 2021), the Company has classified the 2.50% Convertible Notes as long-term debt on its December 31, 2015 consolidated balance sheet.
[3] Reflects the net debt carrying amount of the 2.50% Convertible Notes in the consolidated balance sheet as of December 31, 2015, in accordance with accounting for convertible notes. The principal amount owed to the holders of the 2.50% Convertible Notes is $300.0 million.