LONG-TERM DEBT AND OTHER FINANCING ARRANGEMENTS (Tables)

12 Months Ended

Dec. 31, 2018

Debt Disclosure [Abstract]

Schedule of Debt

	December 31, 2018			December 31, 2017
Long-term debt	$	772,339		$	1,079,187
Other credit facilities and capital leases	15,891			10,193
Total long-term debt and other financing arrangements	788,230			1,089,380
Less: current maturities	(5,545		)	(3,269		)
Total non-current long-term debt and other financing arrangements	$	782,685		$	1,086,111

Schedule of Long-term Debt Instruments

Total long-term debt and credit facilities comprised the following at December 31, 2018:

	Principal Amount of Liability Component		Debt Issuance Costs (1)			Net Carrying Amount
2021 Euro Loan	240,834		(538		)	240,296
2023 Euro Loan	536,776		(4,733		)	532,043
2023 Revolving Credit Facility	—		—			—
Total long-term debt and credit facilities	$	777,610	$	(5,271	)	$	772,339

⁽¹⁾  Debt issuance costs related to the 2021 Euro Loan and 2023 Euro Loan are being amortized on a straight-line basis, which approximates the effective interest method, over the life of the respective instruments. Debt issuance costs related to the 2023 Revolving Credit Facility are classified as non-current assets in our consolidated balance sheet and are being amortized on a straight-line basis over the life of the 2023 Revolving Credit Facility.

Schedule of Senior Debt [Table Text Block]

Our long-term debt comprised the following at December 31, 2018 and December 31, 2017:

	Carrying Amount				Fair Value
	December 31, 2018		December 31, 2017		December 31, 2018		December 31, 2017
2019 Euro Loan	$	—	$	240,545	$	—	$	236,337
2021 Euro Loan	240,296		281,871		233,058		268,858
2023 Euro Loan	532,043		556,771		502,617		510,882
	$	772,339	$	1,079,187	$	735,675	$	1,016,077

Schedule of Guarantor Obligations [Table Text Block]

We pay Guarantee Fees to Warner Media based on the amounts outstanding on the Euro Loans calculated on a per annum basis and on our consolidated net leverage (as defined in the Reimbursement Agreement) as shown in the tables below:

All-in Rate

Consolidated Net Leverage				2021 Euro Loan		2023 Euro Loan
≥	7.0x			6.00	%	6.50	%
<	7.0x	-	6.0x	5.00	%	5.50	%
<	6.0x	-	5.0x	4.25	%	4.75	%
<	5.0x	-	4.0x	3.75	%	4.25	%
<	4.0x	-	3.0x	3.25	%	3.75	%
<	3.0x			3.25	%	3.50	%

Schedule of Interest Rate Summary [Table Text Block]

Interest Rate Summary

	Base Rate			Rate Fixed Pursuant to Interest Rate Hedges			Guarantee Fee Rate		All-in Borrowing Rate
2021 Euro Loan	1.28	%		0.31	%	(1)	1.66	%	3.25	%
2023 Euro Loan	1.28	%		0.28	%	(2)	2.19	%	3.75	%
2023 Revolving Credit Facility (if drawn)	6.31	%	(3)	—			—		6.31	%

⁽¹⁾  Effective until November 1, 2019. From November 1, 2019 through maturity on November 1, 2021, the rate fixed pursuant to interest rate hedges will increase to 0.47%, with a corresponding decrease in the Guarantee Fee rate, such that the all-in borrowing rate remains 3.25% if our net leverage ratio remains unchanged.

⁽²⁾  Effective until February 19, 2021. From February 19, 2021 through maturity on April 26, 2023, the rate fixed pursuant to interest rate hedges will increase to 0.97%, with a corresponding decrease in the Guarantee Fee rate, such that the all-in borrowing rate remains 3.75% if our net leverage ratio remains unchanged.

⁽³⁾  Based on the three month LIBOR of 2.81% as at December 31, 2018.

Credit Facilities And Capital Lease Obligations

Other credit facilities and capital lease obligations comprised the following at December 31, 2018 and December 31, 2017:

	December 31, 2018			December 31, 2017
Credit facilities (1) – (4)	$	—		$	—
Capital leases	15,891			10,193
Total credit facilities and capital leases	15,891			10,193
Less: current maturities	(5,545		)	(3,269		)
Total non-current credit facilities and capital leases	$	10,346		$	6,924

⁽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 throughout 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, 2018, we had deposits of US$ 36.8 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, 2017, we had deposits of US$ 12.5 million in and no drawings on the BMG cash pool.

⁽²⁾  Under a factoring framework agreement with Factoring Česka spořitelna, a.s., up to CZK 475.0 million (approximately US$ 21.1 million) of receivables from certain customers in the Czech Republic may be factored on a recourse or non-recourse basis. The facility has a factoring fee of 0.19% of any factored receivable and bears interest at one-month PRIBOR plus 0.95% per annum for the period that receivables are factored and outstanding.

⁽³⁾  Under a factoring framework agreement with Factoring KB, a.s., up to CZK 270.0 million (approximately US$ 12.0 million) of receivables from certain customers in the Czech Republic may be factored on a non-recourse basis. The facility has a factoring fee of 0.11% of any factored receivable and bears interest at one-month PRIBOR plus 0.95% per annum for the period that receivables are factored and outstanding up to a maximum of 60 days from the due date.

⁽⁴⁾  Under a factoring framework agreement with Global Funds IFN S.A., receivables from certain customers in Romania may be factored on a non-recourse basis. The facility has a factoring fee of 4.0% of any factored receivable and bears interest at 6.0% per annum from the date the receivables are factored to the due date of the factored receivable.

Maturity Of Senior Debt And Credit Facility

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At December 31, 2018, the maturity of our long-term debt and credit facilities was as follows:

2019	$	—
2020	—
2021	240,834
2022	—
2023	536,776
2024 and thereafter	—
Total long-term debt and credit facilities	777,610
Debt issuance costs	(5,271		)
Carrying amount of long-term debt and credit facilities	$	772,339

Schedule of Future Minimum Lease Payments for Capital Leases

Capital Lease Commitments

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, 2018:

2019	$	5,824
2020	5,251
2021	3,853
2022	1,488
2023	—
2024 and thereafter	—
Total undiscounted payments	16,416
Less: amount representing interest	(525		)
Present value of net minimum lease payments	$	15,891