Annual report pursuant to Section 13 and 15(d)

Long-Term Debt (Tables)

v3.3.1.900
Long-Term Debt (Tables)
 12 Months Ended
Dec. 31, 2015
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt

Long-term debt consists of the following (in millions):

 

 

 

December 31,

 

 

 

2015

 

 

2014

 

Senior secured credit facility, carrying value(1)

 

$

639.5

 

 

$

848.3

 

Convertible senior notes, carrying value of liability

component(1)

 

 

982.5

 

 

 

943.5

 

Total

 

 

1,622.0

 

 

 

1,791.8

 

Less: current portion

 

 

229.5

 

 

 

100.0

 

Long-term portion

 

$

1,392.5

 

 

$

1,691.8

 

 

 

(1)

The Company adopted ASU 2015-03 in the fourth quarter of 2015 and reclassified $18.2 million and $1.7 million from deferred financing costs, net to long-term debt, net of current portion, resulting in a deduction from the carrying value of the Company’s senior convertible notes and term loan, respectively, within its December 31, 2014 consolidated balance sheet. See Note 2, Basis of Presentation for further information.