Long-term debt (Tables)

6 Months Ended

Jun. 30, 2015

Debt Disclosure [Abstract]

Long Term Debt

Long-term debt was comprised of the following:

	June 30,			December 31,
	2015			2014
Senior Secured Credit Facilities:
Term Loan A	$	950,000		$	975,000
Term Loan B		3,465,000			3,482,500
Senior notes		4,500,000			3,775,000
Acquisition obligations and other notes payable		62,641			69,045
Capital lease obligations		247,128			218,097
Total debt principal outstanding		9,224,769			8,519,642
Discount on long-term debt		(14,922	)		(16,208	)
		9,209,847			8,503,434
Less current portion		(108,795	)		(120,154	)
	$	9,101,052		$	8,383,280

Scheduled Maturities of Long-term Debt

Scheduled maturities of long-term debt at June 30, 2015 were as follows:

2015 (remainder of the year)	56,484
2016	119,993
2017	149,031
2018	159,637
2019	734,147
2020	57,876
Thereafter	7,947,601

Derivative Instruments

The following table summarizes the Company’s derivative instruments as of June 30, 2015 and December 31, 2014:

	June 30, 2015			December 31, 2014
Derivatives designated as hedging	Balance sheet			Balance sheet
instruments	location	Fair value		location	Fair value
Interest rate swap agreements	Other short-term liabilities	$	1,131	Other short-term liabilities	$	1,457
Interest rate swap agreements	Other long-term assets	$	691	Other long-term assets	$	3,281
Interest rate cap agreements	Other long-term assets	$	4,128	Other long-term assets	$	13,934

Effects of Interest Rate Swap and Cap Agreements

The following table summarizes the effects of the Company’s interest rate swap and cap agreements for the three and six months ended June 30, 2015 and 2014:

	Amount of													Amount of
	losses recognized in													losses reclassified
	OCI on interest rate swap													from accumulated
	and cap agreements												Location of	OCI into income
	Three months ended						Six months ended						losses reclassified	Three months ended						Six months ended
Derivatives designated	June 30,						June 30,						from accumulated	June 30,						June 30,
as cash flow hedges	2015			2014			2015			2014			OCI into income	2015			2014			2015			2014
Interest rate swap agreements	$	(976	)	$	(5,022	)	$	(3,670	)	$	(7,786	)	Debt expense	$	(684	)	$	(6,694	)	$	(1,406	)	$	(10,700	)
Interest rate cap agreements		(3,049	)		(3,527	)		(9,806	)		(4,874	)	Debt expense		(610	)		(1,507	)		(1,220	)		(3,014	)
Tax benefit		1,572			3,340			5,263			4,946				505			3,204			1,025			5,358
Total	$	(2,453	)	$	(5,209	)	$	(8,213	)	$	(7,714	)		$	(789	)	$	(4,997	)	$	(1,601	)	$	(8,356	)