LONG-TERM DEBT AND OTHER FINANCING ARRANGEMENTS (Tables)

12 Months Ended

Dec. 31, 2015

Debt Disclosure [Abstract]

Schedule of Debt

	December 31, 2015			December 31, 2014
Senior Debt	$	919,812		$	867,367
Other credit facilities and capital leases	3,648			6,732
Total long-term debt and other financing arrangements	923,460			874,099
Less: current maturities	(1,155		)	(252,859		)
Total non-current long-term debt and other financing arrangements	$	922,305		$	621,240

Schedule of Long-term Debt Instruments

Total senior debt and credit facilities comprised the following at December 31, 2015:

	Principal Amount of Liability Component		Unamortized Discount			Net Carrying Amount		Equity Component
2017 PIK Notes (1)	$	502,504	$	(139,833	)	$	362,671	$	178,626
2017 Term Loan (2) (3)	38,194		(10,309		)	27,885		13,199
2018 Euro Term Loan	273,046		—			273,046		—
2019 Euro Term Loan	256,210		—			256,210		—
2021 Revolving Credit Facility (3)	—		—			—		50,596
Total senior debt and credit facilities	$	1,069,954	$	(150,142	)	$	919,812

⁽¹⁾  The principal amount presented represents the original principal amount of US$ 400.0 million plus interest paid in kind by adding such amount to the original principal amount. The equity component represents the fair value ascribed to the Unit Warrants (see Note 13, "Equity"). The fair value of the equity component is accounted for as a discount on the 2017 PIK Notes and is being amortized over the life of the 2017 PIK Notes using the effective interest method.

⁽²⁾  The principal amount presented represents the original principal amount of US$ 30.0 million plus interest paid in kind by adding such amount to the original principal amount.

⁽³⁾  The equity component of the 2017 Term Loan and 2021 Revolving Credit Facility represents the fair value ascribed to the Initial Warrants (as described in Note 13, "Equity") issued in consideration for these facilities based on their relative borrowing capacities. The fair value is accounted for as a discount on the 2017 Term Loan, which is being amortized over the life of the 2017 Term Loan using the effective interest method; and as debt issuance costs for the 2021 Revolving Credit Facility, which is being amortized on a straight-line basis over the life of the 2021 Revolving Credit Facility.

Schedule of Senior Debt [Table Text Block]

Our senior debt comprised the following at December 31, 2015 and December 31, 2014:

	Carrying Amount				Fair Value
	December 31, 2015		December 31, 2014		December 31, 2015		December 31, 2014
2015 Convertible Notes	$	—	$	251,669	$	—	$	260,922
2017 PIK Notes	362,671		265,629		552,338		476,957
2017 Term Loan	27,885		20,573		41,525		35,923
2018 Euro Term Loan	273,046		304,496		273,046		304,496
2019 Euro Term Loan	256,210		—		256,210		—
2021 Revolving Credit Facility	—		25,000		—		25,000
	$	919,812	$	867,367	$	1,123,119	$	1,103,298

Credit Facilities And Capital Lease Obligations

Other credit facilities and capital lease obligations comprised the following at December 31, 2015 and December 31, 2014:

	December 31, 2015			December 31, 2014
Credit facilities (1) – (3)	$	—		$	3,100
Capital leases	3,648			3,632
Total credit facilities and capital leases	3,648			6,732
Less: current maturities	(1,155		)	(1,190		)
Total non-current credit facilities and capital leases	$	2,493		$	5,542

⁽¹⁾  We have a cash pooling arrangement with Bank Mendes Gans (“BMG”), a subsidiary of ING Bank N.V. (“ING”), which enables us to receive credit across the group in respect of cash balances which our subsidiaries deposit with BMG. Cash deposited by our subsidiaries with BMG is pledged as security against the drawings of other subsidiaries up to the amount deposited.

As at December 31, 2015, we had deposits of US$ 19.6 million in and no drawings on the BMG cash pool. Interest is earned on deposits at the relevant money market rate. As at December 31, 2014, we had deposits of US$ 10.5 million in and no drawings on the BMG cash pool.

⁽²⁾  As at December 31, 2015 and December 31, 2014, there were no drawings outstanding under a CZK 825.0 million (approximately US$ 33.2 million) factoring framework agreement with Factoring Ceska Sporitelna (“FCS”). Under this facility up to CZK 825.0 million (approximately US$ 33.2 million) may be factored on a recourse or non-recourse basis. The facility bears interest at one-month PRIBOR plus 2.5% for the period that receivables are factored and outstanding.

⁽³⁾  As at December 31, 2015 there were RON 8.9 million (approximately US$ 2.2 million) of receivables factored under a RON 20.0 million (approximately US$ 4.8 million) factoring framework agreement with UniCredit Bank S.A. entered into in the fourth quarter of 2015. Under this facility, receivables from certain customers may be factored on a non-recourse basis. The facility bears interest at 2.3% for the period that receivables are factored and outstandin

Maturity Of Senior Debt And Credit Facility

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At December 31, 2015, the maturity of our senior debt and credit facilities was as follows:

2016	$	—
2017 (1)	813,744
2018	—
2019	256,210
2020	—
2021 and thereafter	—
Total senior debt and credit facilities	1,069,954
Less: net discount	(150,142		)
Carrying amount of senior debt and credit facilities	$	919,812

⁽¹⁾  On February, 19, 2016, we entered into an agreement for the EUR 468.8 million (approximately US$ 510.4 million) 2021 Euro Term Loan, the proceeds of which will be drawn on or about April 7, 2016 and be applied to repay the 2017 Term Loan and redeem and discharge the 2017 PIK Notes, which we expect will be completed on or about April 8, 2016. Also on February 19, 2016, we agreed to extend the maturity date of the 2018 Euro Term Loan to November 1, 2018, reduce the interest cost of amounts drawn on the 2021 Revolving Credit Facility as our leverage ratio improves, and extend the maturity date of the 2021 Revolving Credit Facility at the current borrowing capacity until January 1, 2018 and with a borrowing capacity US$ 50.0 million from January 1, 2018 to the maturity date on February 19, 2021, with effect from the drawing of the 2021 Euro Term Loan (see Note 26, "Subsequent Events").

Schedule of Future Minimum Lease Payments for Capital Leases

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We lease certain of our office and broadcast facilities as well as machinery and equipment under various leasing arrangements. The future minimum lease payments, by year and in the aggregate, under capital leases with initial or remaining non-cancellable lease terms in excess of one year, consisted of the following at December 31, 2015:

2016	$	1,228
2017	1,112
2018	859
2019	512
2020	73
2021 and thereafter	—
Total undiscounted payments	3,784
Less: amount representing interest	(136		)
Present value of net minimum lease payments	$	3,648