XML 54 R43.htm IDEA: XBRL DOCUMENT v3.19.2
Long-Term Debt - Additional Information (Detail)
6 Months Ended 12 Months Ended
Aug. 07, 2019
USD ($)
May 27, 2019
USD ($)
Oct. 31, 2018
Jan. 05, 2018
USD ($)
Jun. 30, 2019
USD ($)
Swap
Jun. 30, 2018
USD ($)
Dec. 31, 2018
USD ($)
Debt Instrument [Line Items]              
Long-term debt         $ 1,660,636,000   $ 1,553,389,000
Outstanding letters of credit         $ 20,400,000    
Interest Rate Swaps [Member]              
Debt Instrument [Line Items]              
Number of interest rate swaps held | Swap         5    
Notional amount of interest rate swap         $ 1,000,000,000.0    
Maturity of interest rate swap         May 14, 2020    
Weighted average fixed interest rate         2.45%    
Variable rate of interest         0.75%    
Variable rate of interest, description         variable rate of interest based upon the greater of 0.75% or the BBA LIBOR    
Share Repurchase Program [Member]              
Debt Instrument [Line Items]              
Stock repurchases under Share Repurchase Program   $ 150,000,000.0         158,000,000.0
Privately Negotiated Transaction [Member] | Share Repurchase Program [Member]              
Debt Instrument [Line Items]              
Stock repurchases under Share Repurchase Program         $ 150,000,000.0    
Senior Secured Credit Facilities [Member]              
Debt Instrument [Line Items]              
Cash paid for interest       $ 5,100,000 39,800,000 $ 43,700,000  
Revolving Credit Facility [Member]              
Debt Instrument [Line Items]              
Long-term debt         145,000,000   30,000,000
Senior secured revolving         210,000,000.0    
Amount available for borrowing         $ 44,600,000    
Revolving Credit Facility [Member] | Subsequent Event [Member]              
Debt Instrument [Line Items]              
Repayment of revolving credit facility $ 115,000,000.0            
Restrictive Covenants [Member] | Senior Secured Credit Facilities [Member]              
Debt Instrument [Line Items]              
First lien secured net leverage ratio     625.00%        
Restrictive covenants, description     The Amended Credit Agreement removed all previous financial covenants on the Term B-5 Loans. The Revolving Credit Facility requires that SEA comply with a springing maximum first lien secured leverage ratio of 6.25x to be tested as of the last day of any fiscal quarter, solely to the extent that on such date the aggregate amount of funded loans and letters of credit (excluding undrawn letters of credit in an amount not to exceed $30.0 million and cash collateralized letters of credit) under the Revolving Credit Facility exceeds an amount equal to 35% of the then outstanding commitments under the Revolving Credit Facility. Based on the outstanding Revolving Credit Facility balance as of June 30, 2019, SEA was required to comply with this financial covenant.  As of June 30, 2019, SEA was in compliance with all covenants contained in the documents governing the Senior Secured Credit Facilities.   The Senior Secured Credit Facilities permit restricted payments in an aggregate amount per annum equal to the sum of (A) $25.0 million plus (B) an amount, if any, equal to (1) if the total net leverage ratio on a pro forma basis after giving effect to the payment of any such restricted payment, is no greater than 3.50 to 1.00, an unlimited amount, (2) if the total net leverage ratio on a pro forma basis after giving effect to the payment of any such restricted payment is no greater than 4.00 to 1.00 and greater than 3.50 to 1.00, the greater of (a) $95.0 million and (b) 7.50% of Market Capitalization (as defined in the Senior Secured Credit Facilities), (3) if the total net leverage ratio on a pro forma basis after giving effect to the payment of any such restricted payment is no greater than 4.50 to 1.00 and greater than 4.00 to 1.00, $95.0 million and (4) if the total net leverage ratio on a pro forma basis after giving effect to the payment of any such restricted payment is no greater than 5.00 to 1.00 and greater than 4.50 to 1.00, $65.0 million.    
Percentage of Market Capitalization on restricted payment         7.50%    
First lien secured net leverage ratio         350.00%    
Total net leverage ratio, as calculated         355.00%    
Restrictive covenants, restricted payments available         $ 200,000,000.0    
Restrictive Covenants [Member] | Senior Secured Credit Facilities [Member] | Maximum [Member]              
Debt Instrument [Line Items]              
Excludable letters of credit under maximum required first lien secured leverage ratio         30,000,000.0    
Restricted payment on Senior Secured Credit Facilities, base payment         25,000,000.0    
Restricted payment on Senior Secured Credit Facilities, first payment         95,000,000.0    
Restricted payment on Senior Secured Credit Facilities, second payment         95,000,000.0    
Restricted payment on Senior Secured Credit Facilities, third payment         $ 65,000,000.0    
Total leverage ratio, one         400.00%    
Total leverage ratio, two         450.00%    
Total leverage ratio, three         500.00%    
Restrictive Covenants [Member] | Senior Secured Credit Facilities [Member] | Minimum [Member]              
Debt Instrument [Line Items]              
Minimum percentage of funded loan and letters of credit for covenant to apply         35.00%    
Total leverage ratio, one         350.00%    
Total leverage ratio, two         400.00%    
Total leverage ratio, three         450.00%    
Term B-5 Loans [Member]              
Debt Instrument [Line Items]              
Long-term debt         $ 1,515,636,000   $ 1,523,389,000
Long-term debt, maturity date         Mar. 31, 2024    
Percent of original principal amount on effective date used to calculate aggregate annual amount which will amortize in equal quarterly installments         1.015%