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Long-term debt (Tables)
 3 Months Ended
Mar. 31, 2022
Debt Disclosure [Abstract]  
Long-term Debt
Long-term debt was comprised of the following:
As of March 31, 2022
March 31,
2022		December 31, 2021Maturity dateInterest rate
Estimated fair value(1)
Senior Secured Credit Facilities:  
Term Loan A(2)
$1,575,000 $1,596,875 8/12/2024LIBOR+1.50%$1,578,938 
Term Loan B-12,681,405 2,688,263 8/12/2026LIBOR+1.75%$2,671,349 
Revolving line of credit(2)
— — 8/12/2024LIBOR+1.50%
Senior Notes:
4.625% Senior Notes2,750,000 2,750,000 6/1/20304.625 %$2,571,250 
3.75% Senior Notes1,500,000 1,500,000 2/15/20313.75 %$1,320,000 
Acquisition obligations and other notes payable(3)
128,476 130,599 2022-20364.87 %$128,476 
Financing lease obligations(4)
291,949 299,128 2023-20384.55 %
Total debt principal outstanding8,926,830 8,964,865 
Discount, premium and deferred financing costs(5)
(53,615)(56,685)
 8,873,215 8,908,180 
Less current portion(185,728)(179,030)
 $8,687,487 $8,729,150 
(1)For the Company's senior secured credit facilities and senior notes, fair value estimates are based upon bid and ask quotes, typically a level 2 input. For acquisition obligations and other notes payable, the carrying values presented approximate their estimated fair values, based on estimates of their present values using level 2 interest rate inputs.
(2)The Company's interest rate on its Term Loan A and revolving line of credit is subject to adjustment depending upon the Company's leverage ratio under the credit agreement governing its senior secured credit facilities. Based on the Company's leverage ratio as of March 31, 2022, the Company’s interest rate effective in the second quarter of 2022 will be LIBOR plus 1.75% for its Term Loan A and revolving line of credit.
(3)The interest rate presented for acquisition obligations and other notes payable is their weighted average interest rate based on the current fixed and variable interest rate components in effect as of March 31, 2022.
(4)Financing lease obligations are measured at their approximate present values at inception. The interest rate presented is the weighted average discount rate embedded in financing leases outstanding.
(5)As of March 31, 2022, the carrying amount of the Company's senior secured credit facilities have been reduced by a discount of $4,228 and deferred financing costs of $25,088, and the carrying amount of the Company's senior notes have been reduced by deferred financing costs of $39,736 and increased by a debt premium of $15,437. As of December 31, 2021, the carrying amount of the Company's senior secured credit facilities were reduced by a discount of $4,473 and deferred financing costs of $27,207, and the carrying amount of the Company's senior notes were reduced by deferred financing costs of $40,914 and increased by a debt premium of $15,909.
Schedule of Derivative Instruments
The following table summarizes the Company’s interest rate cap agreements outstanding as of March 31, 2022 and December 31, 2021, which are classified in "Other long-term assets" on its consolidated balance sheet: 
 Three months ended
March 31, 2022		Fair value
Notional amountLIBOR maximum rateEffective dateExpiration dateDebt expenseRecorded OCI gainMarch 31,
2022		December 31, 2021
2019 cap agreements$3,500,000 2.00%6/30/20206/30/2024$1,377 $54,806 $67,009 $12,203