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Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2014
Summary of Long-Term Debt

Long-term debt as of December 31, 2014 and 2013 consisted of the following:

 

     2014      2013  

Term B-2 Loans

   $ 1,352,438       $ 1,397,975   

Revolving credit agreement

     —           —     

Senior Notes

     260,000         260,000   
  

 

 

    

 

 

 

Total long-term debt

  1,612,438      1,657,975   

Less discounts

  (8,985   (11,394

Less current maturities

  (14,050   (14,050
  

 

 

    

 

 

 

Total long-term debt, net of current maturities

$ 1,589,403    $ 1,632,531   
  

 

 

    

 

 

 
Summary of Long-Term Debt Repayable

Long-term debt at December 31, 2014, is repayable as follows, not including any possible prepayments described above:

 

Years Ending December 31,

      

2015

   $ 14,050   

2016

     274,050   

2017

     14,050   

2018

     14,050   

2019

     14,050   

Thereafter

     1,282,188   
  

 

 

 

Total

$ 1,612,438   
  

 

 

 
Consolidated Balance Sheet Line Items [Member]  
Schedule of Impact of Corrections on Affected Financial Statements

The following table presents the impact of these corrections on affected consolidated balance sheet line items as of December 31, 2013:

 

     As of December 31, 2013  
     As Previously
Reported
     Adjustments      As Revised  

Selected Balance Sheet Data:

  

Other assets

   $ 40,753       $ (4,863    $ 35,890   
  

 

 

    

 

 

    

 

 

 

Total assets

$ 2,582,273    $ (4,863 $ 2,577,410   
  

 

 

    

 

 

    

 

 

 

Long-term debt

$ 1,627,183    $ 5,348    $ 1,632,531   
  

 

 

    

 

 

    

 

 

 

Deferred tax liabilities, net

$ 29,776    $ (4,106 $ 25,670   
  

 

 

    

 

 

    

 

 

 

Retained earnings

$ 7,991    $ (6,105 $ 1,886   
  

 

 

    

 

 

    

 

 

 

Total stockholders’ equity

$ 654,132    $ (6,105 $ 648,027   
  

 

 

    

 

 

    

 

 

 

Total liabilities and stockholders’ equity

$ 2,582,273    $ (4,863 $ 2,577,410   
  

 

 

    

 

 

    

 

 

 
Previously Issued Annual Periods [Member]  
Schedule of Impact of Corrections on Affected Financial Statements

The following tables present the additional impact of the corrections for other previously issued annual periods as indicated:

 

     For the Year Ended December 31, 2013     For the Year Ended December 31, 2012  
     As Previously
Reported
    Adjustments     As Revised     As Previously
Reported
    Adjustments     As Revised  

Selected Statements of Comprehensive Income Data:

            

Operating expenses

   $ 739,989      $ 3,333      $ 743,322      $ 726,509      $ 4,073      $ 730,582   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Interest expense

$ 93,536    $ (2,914 $ 90,622    $ 111,426    $ (861 $ 110,565   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Loss on early extinguishment of debt and write-off of discounts and deferred financing costs

$ 32,429    $ (2,571 $ 29,858    $ —      $ 2,053    $ 2,053   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Income before income taxes

$ 75,482    $ 2,152    $ 77,634    $ 116,926    $ (5,265 $ 111,661   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Provision for income taxes

$ 25,004    $ 710    $ 25,714    $ 39,482    $ (2,042 $ 37,440   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net income

$ 50,478    $ 1,442    $ 51,920    $ 77,444    $ (3,223 $ 74,221   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Earnings per share:

Net income per share, basic

$ 0.58    $ 0.01    $ 0.59    $ 0.94    $ (0.04 $ 0.90   

Net income per share, diluted

$ 0.57    $ 0.02    $ 0.59    $ 0.93    $ (0.04 $ 0.89   

Selected Statements of Cash Flows Data:

Net cash provided by operating activities

$ 289,794    $ (3,333 $ 286,461    $ 303,513    $ (4,073 $ 299,440   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net cash used in financing activities

$ (52,252 $ 3,333    $ (48,919 $ (120,183 $ 4,073    $ (116,110
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
Previously Issued Quarterly Periods [Member]  
Schedule of Impact of Corrections on Affected Financial Statements

The following tables present the impact of these corrections on the unaudited summary quarterly financial data for the previously issued quarterly periods as indicated (see also Note 21–Summary Quarterly Financial Data (Unaudited)):

 

     For the Three Months Ended
March 31, 2013
    For the Three Months Ended
June 30, 2013
 
     As
Previously
Reported
    Adjustments     As
Revised
    As
Previously
Reported
    Adjustments     As
Revised
 

Selected Summary Quarterly Financial Data:

     (Unaudited)   

Total revenues

   $ 238,610      $ —        $ 238,610      $ 411,292      $ —        $ 411,292   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Operating expenses

$ 173,260    $ —      $ 173,260    $ 194,674    $ 3,333    $ 198,007   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Operating (loss) income

$ (35,873 $ —      $ (35,873 $ 30,980    $ (3,333 $ 27,647   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Interest expense

$ 28,606    $ (610 $ 27,996    $ 22,926    $ (694 $ 22,232   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Loss on early extinguishment of debt and write-off of discounts and deferred financing costs

$ —      $ —      $ —      $ 32,429    $ (2,571 $ 29,858   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Loss before income taxes

$ (64,406 $ 610    $ (63,796 $ (24,268 $ (68 $ (24,336
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Benefit from income taxes

$ (24,046 $ 201    $ (23,845 $ (8,414 $ (22 $ (8,436
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net loss

$ (40,360 $ 409    $ (39,951 $ (15,854 $ (46 $ (15,900
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Loss per share:

Net loss per share, basic

$ (0.49 $ 0.01    $ (0.48 $ (0.18 $ —      $ (0.18

Net loss per share, diluted

$ (0.49 $ 0.01    $ (0.48 $ (0.18 $ —      $ (0.18

 

    For the Three Months Ended
September 30, 2013
     For the Three Months Ended
December 31, 2013
 
    Reported      Adjustments     As
Revised
     Reported     Adjustments     As
Revised
 

Selected Summary Quarterly Financial Data:

    (Unaudited)   

Total revenues

  $ 538,389       $ —        $ 538,389       $ 271,959      $ —        $ 271,959   
 

 

 

    

 

 

   

 

 

    

 

 

   

 

 

   

 

 

 

Operating expenses

$ 202,625    $ —      $ 202,625    $ 169,430    $ —      $ 169,430   
 

 

 

    

 

 

   

 

 

    

 

 

   

 

 

   

 

 

 

Operating income

$ 205,594    $ —      $ 205,594    $ 505    $ —      $ 505   
 

 

 

    

 

 

   

 

 

    

 

 

   

 

 

   

 

 

 

Interest expense

$ 21,018    $ (807 $ 20,211    $ 20,986    $ (803 $ 20,183   
 

 

 

    

 

 

   

 

 

    

 

 

   

 

 

   

 

 

 

Loss on early extinguishment of debt and write-off of discounts and deferred financing costs

$ —      $ —      $ —      $ —      $ —      $ —     
 

 

 

    

 

 

   

 

 

    

 

 

   

 

 

   

 

 

 

Income (loss) before income taxes

$ 184,589    $ 807    $ 185,396    $ (20,433 $ 803    $ (19,630
 

 

 

    

 

 

   

 

 

    

 

 

   

 

 

   

 

 

 

Provision for (benefit from) income taxes

$ 64,390    $ 266    $ 64,656    $ (6,926 $ 265    $ (6,661
 

 

 

    

 

 

   

 

 

    

 

 

   

 

 

   

 

 

 

Net income (loss)

$ 120,199    $ 541    $ 120,740    $ (13,507 $ 538    $ (12,969
 

 

 

    

 

 

   

 

 

    

 

 

   

 

 

   

 

 

 

Earnings (loss) per share:

Net income (loss) per share, basic

$ 1.34    $ 0.01    $ 1.35    $ (0.15 $ 0.01    $ (0.14

Net income (loss) per share, diluted

$ 1.33    $ 0.01    $ 1.34    $ (0.15 $ 0.01    $ (0.14

 

     For the Three Months Ended
March 31, 2014
    For the Three Months Ended
June 30, 2014
 
     As
Previously
Reported
    Adjustments     As
Revised
    As
Previously
Reported
     Adjustments     As
Revised
 

Selected Summary Quarterly Financial Data:

     (Unaudited)   

Total revenues

   $ 212,290      $ —        $ 212,290      $ 405,151       $ —        $ 405,151   
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

Operating expenses

$ 167,912    $ —      $ 167,912    $ 189,190    $ —      $ 189,190   
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

Operating (loss) income

$ (59,408 $ —      $ (59,408 $ 80,587    $ —      $ 80,587   
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

Interest expense

$ 20,046    $ (342 $ 19,704    $ 20,638    $ (112 $ 20,526   
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

Loss on early extinguishment of debt and write-off of discounts and deferred financing costs

$ —      $ —      $ —      $ —      $ —      $ —     
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

(Loss) income before income taxes

$ (79,471 $ 342    $ (79,129 $ 59,994    $ 112    $ 60,106   
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

(Benefit from) provision for income taxes

$ (30,040 $ 128    $ (29,912 $ 22,658    $ 42    $ 22,700   
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

Net (loss) income

$ (49,431 $ 214    $ (49,217 $ 37,336    $ 70    $ 37,406   
  

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

(Loss) earnings per share:

Net (loss) income per share, basic

$ (0.56 $ —      $ (0.56 $ 0.43    $ —      $ 0.43   

Net (loss) income per share, diluted

$ (0.56 $ —      $ (0.56 $ 0.43    $ —      $ 0.43