XML 81 R66.htm IDEA: XBRL DOCUMENT v3.4.0.3
OTHER LIABILITIES (Details) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current:    
Deferred revenue $ 28,822 $ 7,546
Derivative Liability, Current 14,517 650
Restructuring provision (Note 15) 180 458
Legal provision 1,257 1,520
Other 289 274
Total other current liabilities 45,065 10,448
Non-current:    
Deferred tax 20,537 25,990
Commitment Fee Payable, Related Parties, Noncurrent [1] 9,136 9,240
Guarantee Fee Payable, Related Parties, Noncurrent 7,475 22,655
Related party accrued interest (3) [2] 3,910 977
Interest Payable, Related Parties, Non-current [2] 21,215 5,304
Other 2,779 1,583
Total other non-current liabilities 65,052 65,749
Time Warner [Member]    
Non-current:    
Total other non-current liabilities [3] $ 16,611 $ 31,895
2015 Convertible Notes [Member]    
Schedule of Other Liabilities [Line Items]    
Accounts Payable, Interest-bearing, Interest Rate 8.50%  
2015 Convertible Notes [Member]    
Schedule of Other Liabilities [Line Items]    
Debt Instrument, Interest Rate, Stated Percentage   5.00%
[1] (1) Represents the commitment fee ("Commitment Fee") payable to Time Warner in respect of its obligation under a commitment letter dated November 14, 2014 between Time Warner and CME whereby Time Warner agreed to provide or assist with arranging a loan facility to repay our 5.0% senior convertible notes at maturity in November 2015. The Commitment Fee is payable by November 1, 2019, the maturity date of the 2019 Euro Term Loan, or earlier if the repayment of the 2019 Euro Term Loan is accelerated. The Commitment Fee bears interest at 8.5% per annum and such interest is payable in arrears on each May 1 and November 1, beginning May 1, 2016 and may be paid in cash or in kind, at our election.
[2] (2) Represents interest on the 2017 PIK Notes and the 2017 Term Loan which was repaid in April 2016 with the proceeds from the 2021 Euro Term Loan and cash on hand. See Note 21, "Subsequent Events".
[3] (4) Amount represents the Commitment Fee, as well as the Guarantee Fees for which we have made an election to pay in kind. See Note 4, "Long-term Debt and Other Financing Arrangements".