Accounting Policies

9 Months Ended

Sep. 30, 2016

Accounting Policies [Abstract]

Accounting Policies

Accounting Policies

In April 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2015-03 (“ASU 2015-03”), Simplifying the Presentation of Debt Issuance Costs. ASU 2015-03 requires debt issuance costs related to a recognized debt liability to be presented in the balance sheet as a direct deduction from the carrying amount of that liability, consistent with debt discounts. The Company adopted ASU 2015-03 in the first quarter of 2016 as mandated by the standard. Previously reported “other current assets” and “current maturities of debt” have been revised to reflect the retrospective application of the standard.

The following reflects the retrospective application:

	December 31,
	2015
	(in thousands)
Other current assets, prior to revision	$	104,723
Revision of debt issuance costs	(64,857		)
Other current assets, as revised	$	39,866
Current maturities of debt, prior to revision	$	5,107,210
Revision of debt issuance costs	(64,857		)
Current maturities of debt, as revised	$	5,042,353