Long-term debt (Tables)

3 Months Ended

Mar. 31, 2017

Debt Disclosure [Abstract]

Long-term Debt

Long-term debt was comprised of the following: 

	March 31, 2017			December 31, 2016
Senior secured credit facilities:
Term Loan A	$	843,750		$	862,500
Term Loan B	3,403,750			3,412,500
Senior notes	4,500,000			4,500,000
Acquisition obligations and other notes payable	120,952			117,547
Capital lease obligations	296,505			299,682
Total debt principal outstanding	9,164,957			9,192,229
Discount and deferred financing costs	(75,862		)	(79,861		)
	9,089,095			9,112,368
Less current portion	(170,217		)	(165,041		)
	$	8,918,878		$	8,947,327

Scheduled Maturities of Long-term Debt

Scheduled maturities of long-term debt at March 31, 2017 were as follows: 

2017 (remainder of the year)	129,532
2018	167,855
2019	745,584
2020	70,157
2021	3,301,236
2022	1,277,759
Thereafter	3,472,834

Derivative Instruments

The following table summarizes the Company’s derivative instruments as of March 31, 2017 and December 31, 2016: 

	March 31, 2017			December 31, 2016
Derivatives designated as hedging instruments	Balance sheet location	Fair value		Balance sheet location	Fair value
Interest rate cap agreements	Other long-term assets	$	4,712	Other long-term assets	$	9,929

Effects of Interest Rate Swap and Cap Agreements

December 31, 2016: 

	March 31, 2017			December 31, 2016
Derivatives designated as hedging instruments	Balance sheet location	Fair value		Balance sheet location	Fair value
Interest rate cap agreements	Other long-term assets	$	4,712	Other long-term assets	$	9,929

The following table summarizes the effects of the Company’s interest rate cap and swap agreements for the three months ended March 31, 2017 and 2016:

	Amount of losses recognized in OCI on interest rate cap and swap agreements						Location of losses reclassified from accumulated OCI into income	Amount of losses reclassified from accumulated OCI into income
	Three months ended March 31,							Three months ended March 31,
Derivatives designated as cash flow hedges	2017			2016				2017			2016
Interest rate swap agreements	$	—		$	(692	)	Debt expense	$	—		$	151
Interest rate cap agreements	(5,217		)	(8,259		)	Debt expense	2,070			610
Tax benefit (expense)	2,029			3,482				(805		)	(296		)
Total	$	(3,188	)	$	(5,469	)		$	1,265		$	465