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Long-Term Debt (Tables)
9 Months Ended
Sep. 30, 2016
Debt Disclosure [Abstract]  
Summary of Long-Term Debt

Long-term debt as of September 30, 2016 and December 31, 2015 consisted of the following:

 

 

 

September 30,

 

 

December 31,

 

 

 

2016

 

 

2015

 

Term B-2 Loans (effective interest rate of 3.26% at

September 30, 2016 and December 31, 2015)

 

$

1,327,850

 

 

$

1,338,387

 

Term B-3 Loans (effective interest rate of 4.33% at

  September 30, 2016 and December 31, 2015)

 

 

245,800

 

 

 

247,900

 

Revolving Credit Facility

 

 

 

 

 

15,000

 

Total long-term debt

 

 

1,573,650

 

 

 

1,601,287

 

Less discounts

 

 

(5,938

)

 

 

(7,211

)

Less debt issuance costs

 

 

(10,607

)

 

 

(13,333

)

Less current maturities

 

 

(16,850

)

 

 

(31,850

)

Total long-term debt, net

 

$

1,540,255

 

 

$

1,548,893