Long-term Debt and Derivatives (Tables)

6 Months Ended

Jun. 30, 2012

Long-term Debt and Derivatives

Schedule of long-term debt, net of current maturities

	June 30,			December 31,
	2012			2011
	(in thousands)
Senior secured credit facility	$	1,776,500		$	1,715,750
$325 million 8 ¾% senior subordinated notes due August 2019	325,000			325,000
Other long-term obligations	—			1,949
Capital leases	2,161			2,215
	2,103,661			2,044,914
Less current maturities of long-term debt	(42,600		)	(44,559		)
Less discount on senior secured credit facility Term Loan B	(1,628		)	(1,749		)
	$	2,059,433		$	1,998,606

Schedule of future minimum repayments of long-term debt

Within one year	$	42,600
1-3 years	137,695
3-5 years	891,728
Over 5 years	1,031,638
Total minimum payments	$	2,103,661

Schedule of effect of derivative instruments on the consolidated statement of operations

The effect of derivative instruments on the condensed consolidated statement of income for the three months ended June 30, 2011 was as follows (in thousands):

	Gain (Loss)			Location of Gain (Loss)	Gain (Loss)
	Recognized in			Reclassified from	Reclassified from			Location of Gain (Loss)	Gain (Loss)
Derivatives in a	OCI on Derivative			AOCI into Income	AOCI into Income			Recognized in Income on	Recognized in Income on
Cash Flow Hedging Relationship	(Effective Portion)			(Effective Portion)	(Effective Portion)			Derivative (Ineffective Portion)	Derivative (Ineffective Portion)
Interest rate swap contracts	$	(332	)	Interest expense	$	(3,625	)	None	$	—
Total	$	(332	)		$	(3,625	)		$	—

	Location of Gain (Loss)
Derivatives Not Designated as	Recognized in Income	Gain (Loss) Recognized
Hedging Instruments	on Derivative	in Income on Derivative
Interest rate swap contracts	Interest expense	$	(1	)
Total		$	(1	)

The effect of derivative instruments on the condensed consolidated statement of income for the six months ended June 30, 2011 was as ollows (in thousands):

	Gain (Loss)			Location of Gain (Loss)	Gain (Loss)
	Recognized in			Reclassified from	Reclassified from			Location of Gain (Loss)	Gain (Loss)
Derivatives in a	OCI on Derivative			AOCI into Income	AOCI into Income			Recognized in Income on	Recognized in Income on
Cash Flow Hedging Relationship	(Effective Portion)			(Effective Portion)	(Effective Portion)			Derivative (Ineffective Portion)	Derivative (Ineffective Portion)
Interest rate swap contracts	$	(672	)	Interest expense	$	(8,173	)	None	$	—
Total	$	(672	)		$	(8,173	)		$	—

	Location of Gain (Loss)
Derivatives Not Designated as	Recognized in Income	Gain (Loss) Recognized
Hedging Instruments	on Derivative	in Income on Derivative
Interest rate swap contracts	Interest expense	$	(4	)
Total		$	(4	)