Credit Arrangements (Tables)

9 Months Ended

Sep. 30, 2015

Debt Disclosure [Abstract]

Summary of Company's Credit Facilities

The following is a summary of the Company’s revolving credit facilities at September 30, 2015:

Facility	Interest Rates
$500.0 million (first lien revolving credit facility)	London Interbank Offer Rate (“LIBOR”) (0.33% at September 30, 2015) plus 1.75%
$25.0 million (receivables financing facility)	LIBOR Market Index Rate (0.19% at September 30, 2015) plus 0.85% to 1.35% depending upon the Company’s debt rating
£10.0 million (approximately $15.2 million) general banking facility with a European headquartered bank	Bank’s base rate (0.5% at September 30, 2015) plus 1%

Schedule of Long-term Debt

Long-term debt consists of the following (in thousands):

	September 30, 2015			December 31, 2014
4.875% Senior Notes due 2023	$	800,000		$	—
Term Loan A due 2020 (LIBOR plus 1.75%, or 2.08% at September 30, 2015)		839,375			—
Term Loan B due 2022 (the greater of LIBOR or 0.75% plus 2.50%, or 3.25% at September 30, 2015)		598,500			—
Term Loan B-3 due 2018 (the greater of three month LIBOR or 1.25% plus 2.50%, or 3.75% at December 31, 2014)		—			2,030,606
Receivables financing facility due 2018 (LIBOR 0.19% plus 1.05%, or 1.24% at September 30, 2015)		275,000			275,000
		2,512,875			2,305,606
Less: unamortized discount		(25,047	)		(12,379	)
Less: unamortized debt issuance costs		(9,331	)		(9,879	)
Less: current portion		(48,500	)		(750	)
	$	2,429,997		$	2,282,598

Contractual Maturities of Long-term Debt

Contractual maturities of long-term debt at September 30, 2015 are as follows (in thousands):

2015	$	12,125
2016		48,500
2017		48,500
2018		323,500
2019		48,500
2020		664,750
Thereafter		1,367,000
	$	2,512,875