Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended |
Sep. 30, 2014 | |
Document And Entity Information [Abstract] | ' |
Document Type | '10-Q |
Amendment Flag | 'false |
Document Period End Date | 30-Sep-14 |
Document Fiscal Year Focus | '2014 |
Document Fiscal Period Focus | 'Q3 |
Trading Symbol | 'MCCCL |
Entity Registrant Name | 'MEDIACOM LLC |
Entity Central Index Key | '0001064116 |
Current Fiscal Year End Date | '--12-31 |
Entity Filer Category | 'Non-accelerated Filer |
Entity Common Stock, Shares Outstanding | 0 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
CURRENT ASSETS | ' | ' |
Cash | $8,513 | $9,744 |
Accounts receivable, net of allowance for doubtful accounts of $2,097 and $2,010 | 47,097 | 53,215 |
Prepaid expenses and other current assets | 10,393 | 9,485 |
Total current assets | 66,003 | 72,444 |
Preferred membership interest in affiliated company (Note 7) | 150,000 | 150,000 |
Property, plant and equipment, net of accumulated depreciation of $1,569,648 and $1,499,404 | 675,830 | 669,159 |
Franchise rights | 614,731 | 614,731 |
Goodwill | 23,911 | 23,911 |
Subscriber lists, net of accumulated amortization of $118,278 and $118,271 | 24 | 31 |
Other assets, net of accumulated amortization of $7,570 and $11,553 | 16,195 | 15,662 |
Total assets | 1,546,694 | 1,545,938 |
CURRENT LIABILITIES | ' | ' |
Accounts payable, accrued expenses and other current liabilities | 134,697 | 149,058 |
Accounts payable - affiliates | 6,922 | 9,628 |
Deferred revenue | 28,200 | 27,706 |
Current portion of long-term debt | 207,375 | 15,250 |
Total current liabilities | 377,194 | 201,642 |
Long-term debt, less current portion | 1,225,500 | 1,436,750 |
Other non-current liabilities | 4,561 | 12,839 |
Total liabilities | 1,607,255 | 1,651,231 |
Commitments and contingencies (Note 10) | ' | ' |
MEMBER'S DEFICIT | ' | ' |
Capital contributions | 319,971 | 321,320 |
Accumulated deficit | -380,532 | -426,613 |
Total member's deficit | -60,561 | -105,293 |
Total liabilities and member's deficit | $1,546,694 | $1,545,938 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Statement of Financial Position [Abstract] | ' | ' |
Allowance for doubtful accounts | $2,097 | $2,010 |
Accumulated depreciation | 1,569,648 | 1,499,404 |
Accumulated amortization on Subscriber lists | 118,278 | 118,271 |
Accumulated amortization on Other assets | $7,570 | $11,553 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Income Statement [Abstract] | ' | ' | ' | ' |
Revenues | $177,858 | $176,596 | $532,440 | $523,209 |
Costs and expenses: | ' | ' | ' | ' |
Service costs (exclusive of depreciation and amortization) | 79,481 | 75,869 | 233,520 | 227,594 |
Selling, general and administrative expenses | 29,824 | 31,105 | 90,763 | 89,365 |
Management fee expense | 2,700 | 3,200 | 9,100 | 9,200 |
Depreciation and amortization | 29,557 | 29,211 | 87,107 | 86,368 |
Operating income | 36,296 | 37,211 | 111,950 | 110,682 |
Interest expense, net | -21,052 | -23,845 | -68,568 | -71,105 |
Gain on derivatives, net | 5,075 | 2,835 | 13,695 | 13,962 |
Loss on early extinguishment of debt (Note 6) | -23,046 | ' | -23,046 | ' |
Investment income from affiliate (Note 7) | 4,500 | 4,500 | 13,500 | 13,500 |
Other expense, net | -796 | -638 | -1,450 | -1,654 |
Net income | $977 | $20,063 | $46,081 | $65,385 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (Unaudited) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' |
Net income | $46,081 | $65,385 |
Adjustments to reconcile net income to net cash flows provided by operating activities: | ' | ' |
Depreciation and amortization | 87,107 | 86,368 |
Gain on derivatives, net | -13,695 | -13,962 |
Amortization of deferred financing costs | 2,895 | 2,373 |
Loss on early extinguishment of debt (Note 6) | 7,047 | ' |
Changes in assets and liabilities, net of effects from acquisitions: | ' | ' |
Accounts receivable, net | 6,118 | -1,195 |
Accounts receivable - affiliates | ' | -7,087 |
Prepaid expenses and other assets | -1,028 | -2,580 |
Accounts payable, accrued expenses and other current liabilities | -10,168 | -9,273 |
Accounts payable - affiliates | -2,706 | ' |
Deferred revenue | 494 | 800 |
Other non-current liabilities | ' | -23 |
Net cash flows provided by operating activities | 122,145 | 120,806 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' |
Capital expenditures | -93,939 | -95,578 |
Change in accrued property, plant and equipment | 388 | 717 |
Net cash flows used in investing activities | -93,551 | -94,861 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' |
New borrowings of bank debt | 939,739 | 150,000 |
Repayment of bank debt | -608,864 | -175,000 |
Redemption of senior notes | -350,000 | ' |
Capital distributions to parent (Note 8) | -3,500 | -3,800 |
Capital distributions from parent (Note 8) | 2,000 | ' |
Financing costs | -9,878 | ' |
Other financing activities | 678 | 1,104 |
Net cash flows used in financing activities | -29,825 | -27,696 |
Net decrease in cash | -1,231 | -1,751 |
CASH, beginning of period | 9,744 | 9,394 |
CASH, end of period | 8,513 | 7,643 |
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | ' | ' |
Cash paid during the period for interest, net of amounts capitalized | $82,302 | $81,163 |
ORGANIZATION
ORGANIZATION | 9 Months Ended |
Sep. 30, 2014 | |
Accounting Policies [Abstract] | ' |
ORGANIZATION | ' |
1. ORGANIZATION | |
Basis of Preparation of Unaudited Consolidated Financial Statements | |
Mediacom LLC (“Mediacom LLC” and collectively with its subsidiaries, “we,” “our” or “us”) is a New York limited liability company wholly-owned by Mediacom Communications Corporation (“MCC”). MCC is involved in the acquisition and operation of cable systems serving smaller cities and towns in the United States, and its cable systems are owned and operated through our operating subsidiaries and those of Mediacom Broadband LLC, a Delaware limited liability company wholly-owned by MCC. As limited liability companies, we and Mediacom Broadband LLC are not subject to income taxes and, as such, are included in the consolidated federal and state income tax returns of MCC, a C corporation. | |
Our principal operating subsidiaries conduct all of our consolidated operations and own substantially all of our consolidated assets. Our operating subsidiaries are separate and distinct legal entities and have no obligation, contingent or otherwise, to make funds available to us. | |
We have prepared these unaudited consolidated financial statements in accordance with the rules and regulations of the Securities and Exchange Commission (the “SEC”). In the opinion of management, such statements include all adjustments, consisting of normal recurring accruals and adjustments, necessary for a fair presentation of our consolidated results of operations and financial position for the interim periods presented. The accounting policies followed during such interim periods reported are in conformity with generally accepted accounting principles in the United States of America and are consistent with those applied during annual periods. For a summary of our accounting policies and other information, refer to our Annual Report on Form 10-K for the year ended December 31, 2013. The results of operations for the interim periods are not necessarily indicative of the results that might be expected for future interim periods or for the full year ending December 31, 2014. | |
Mediacom Capital Corporation (“Mediacom Capital”), a New York corporation wholly-owned by us, co-issued, jointly and severally with us, public debt securities. Mediacom Capital has no operations, revenues or cash flows and has no assets, liabilities or stockholders’ equity on its balance sheet, other than a one-hundred dollar receivable from an affiliate and the same dollar amount of common stock. Therefore, separate financial statements have not been presented for this entity. | |
Franchise fees imposed by local governmental authorities are collected on a monthly basis from our customers and are periodically remitted to the local governmental authorities. Because franchise fees are our obligation, we present them on a gross basis with a corresponding operating expense. Franchise fees reported on a gross basis amounted to approximately $2.5 million and $3.1 million for the three months ended September 30, 2014 and 2013, respectively, and approximately $8.3 million and $9.2 million for the nine months ended September 30, 2014 and 2013, respectively. | |
Reclassifications | |
Certain reclassifications have been made to prior year amounts to conform to the current year presentation. |
RECENT_ACCOUNTING_PRONOUNCEMEN
RECENT ACCOUNTING PRONOUNCEMENTS | 9 Months Ended |
Sep. 30, 2014 | |
Accounting Changes and Error Corrections [Abstract] | ' |
RECENT ACCOUNTING PRONOUNCEMENTS | ' |
2. RECENT ACCOUNTING PRONOUNCEMENTS | |
In December 2013, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update No. 2013-12 (“ASU 2013-12”) – Definition of a Public Business Entity. ASU 2013-12 defines a public business entity to be used in considering the scope of new financial guidance and identifies whether the guidance does or does not apply to public business entities. The Accounting Standards Codification (“ASC”) includes multiple definitions of the terms nonpublic entity and public entity. ASU 2013-12 states that an entity that is required by the SEC to file or furnish financial statements with the SEC, or does file or furnish financial statements with the SEC, is considered a public business entity. There is no effective date for ASU 2013-12. We adopted ASU 2013-12 as of December 31, 2013. We are deemed to be a public entity according to this guidance. | |
In May 2014, the FASB issued ASU No. 2014-09 (“ASU 2014-09”) – Revenue from Contracts with Customers. The guidance states that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. An entity should also disclose sufficient information to enable users of financial statements to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. This guidance supersedes most industry-specific guidance, including Statement of Financial Accounting Standards No. 51 – Financial Reporting by Cable Television Companies. ASU 2014-09 is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early application is not permitted. We have not completed our evaluation of this new guidance to determine its impact on our financial statements, financial disclosures and our method of adoption. |
FAIR_VALUE
FAIR VALUE | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
FAIR VALUE | ' | ||||||||||||||||
3. FAIR VALUE | |||||||||||||||||
The tables below set forth our financial assets and liabilities measured at fair value on a recurring basis using a market-based approach at September 30, 2014 and December 31, 2013. Our financial assets and liabilities, all of which represent interest rate exchange agreements (which we refer to as “interest rate swaps”) have been categorized according to the three-level fair value hierarchy established by ASC No. 820 – Fair Value Measurement, which prioritizes the inputs used in measuring fair value, as follows: | |||||||||||||||||
• | Level 1 — Quoted market prices in active markets for identical assets or liabilities. | ||||||||||||||||
• | Level 2 — Observable market based inputs or unobservable inputs that are corroborated by market data. | ||||||||||||||||
• | Level 3 — Unobservable inputs that are not corroborated by market data. | ||||||||||||||||
As of September 30, 2014, our interest rate swap liabilities, net, were valued at $16.3 million using Level 2 inputs, as follows (dollars in thousands): | |||||||||||||||||
Fair Value as of September 30, 2014 | |||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Assets | |||||||||||||||||
Interest rate exchange agreements | $ | — | $ | — | $ | — | $ | — | |||||||||
Liabilities | |||||||||||||||||
Interest rate exchange agreements | $ | — | $ | 16,293 | $ | — | $ | 16,293 | |||||||||
Interest rate exchange agreements - liabilities, net | $ | — | $ | 16,293 | $ | — | $ | 16,293 | |||||||||
As of December 31, 2013, our interest rate swap liabilities, net, were valued at $30.0 million using Level 2 inputs, as follows (dollars in thousands): | |||||||||||||||||
Fair Value as of December 31, 2013 | |||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Assets | |||||||||||||||||
Interest rate exchange agreements | $ | — | $ | — | $ | — | $ | — | |||||||||
Liabilities | |||||||||||||||||
Interest rate exchange agreements | $ | — | $ | 29,989 | $ | — | $ | 29,989 | |||||||||
Interest rate exchange agreements - liabilities, net | $ | — | $ | 29,989 | $ | — | $ | 29,989 | |||||||||
The fair value of our interest rate swaps represents the estimated amount that we would receive or pay to terminate such agreements, taking into account projected interest rates, based on quoted London Interbank Offered Rate (“LIBOR”) futures and the remaining time to maturity. While our interest rate swaps are subject to contractual terms that provide for the net settlement of transactions with counterparties, we do not offset assets and liabilities under these agreements for financial statement presentation purposes, and assets and liabilities are reported on a gross basis. | |||||||||||||||||
All of our interest rate swaps were in a liability position as of each of September 30, 2014 and December 31, 2013, based upon their mark-to-market valuation, and therefore no assets were recorded on our consolidated balance sheets. As of September 30, 2014, we recorded a current liability in accounts payable, accrued expenses and other current liabilities of $13.9 million and a long-term liability in other non-current liabilities of $2.4 million. As of December 31, 2013, we recorded a current liability in accounts payable, accrued expenses and other current liabilities of $19.4 million and a long-term liability in other non-current liabilities of $10.6 million. | |||||||||||||||||
As a result of the changes in the mark-to-market valuations on our interest rate swaps, we recorded a net gain on derivatives of $5.1 million and $2.8 million for the three months ended September 30, 2014 and 2013, respectively, and a net gain on derivatives of $13.7 million and $14.0 million for the nine months ended September 30, 2014 and 2013, respectively. |
PROPERTY_PLANT_AND_EQUIPMENT
PROPERTY, PLANT AND EQUIPMENT | 9 Months Ended | ||||||||
Sep. 30, 2014 | |||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||
PROPERTY, PLANT AND EQUIPMENT | ' | ||||||||
4. PROPERTY, PLANT AND EQUIPMENT | |||||||||
Property, plant and equipment consisted of the following (dollars in thousands): | |||||||||
September 30, | December 31, | ||||||||
2014 | 2013 | ||||||||
Cable systems, equipment and customer devices | $ | 2,140,247 | $ | 2,059,980 | |||||
Furniture, fixtures and office equipment | 48,585 | 52,157 | |||||||
Vehicles | 38,004 | 37,938 | |||||||
Buildings and leasehold improvements | 17,061 | 16,907 | |||||||
Land and land improvements | 1,581 | 1,581 | |||||||
Property, plant and equipment, gross | $ | 2,245,478 | $ | 2,168,563 | |||||
Accumulated depreciation | (1,569,648 | ) | (1,499,404 | ) | |||||
Property, plant and equipment, net | $ | 675,830 | $ | 669,159 | |||||
ACCOUNTS_PAYABLE_ACCRUED_EXPEN
ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES | 9 Months Ended | ||||||||
Sep. 30, 2014 | |||||||||
Payables and Accruals [Abstract] | ' | ||||||||
ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES | ' | ||||||||
5. ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES | |||||||||
Accounts payable, accrued expenses and other current liabilities consisted of the following (dollars in thousands): | |||||||||
September 30, | December 31, | ||||||||
2014 | 2013 | ||||||||
Accounts payable - trade | $ | 31,011 | $ | 24,282 | |||||
Accrued programming costs | 19,750 | 19,927 | |||||||
Accrued payroll and benefits | 14,967 | 14,271 | |||||||
Accrued taxes and fees | 14,701 | 16,115 | |||||||
Liabilities under interest rate exchange agreements | 13,936 | 19,354 | |||||||
Advance customer payments | 11,388 | 10,678 | |||||||
Accrued service costs | 7,279 | 8,200 | |||||||
Accrued property, plant and equipment | 4,311 | 3,923 | |||||||
Bank overdrafts (1) | 3,703 | 2,866 | |||||||
Accrued interest | 2,997 | 19,694 | |||||||
Accrued telecommunications costs | 1,527 | 1,368 | |||||||
Other accrued expenses | 9,127 | 8,380 | |||||||
Accounts payable, accrued expenses and other current liabilities | $ | 134,697 | $ | 149,058 | |||||
-1 | Bank overdrafts represent outstanding checks in excess of funds on deposit at our disbursement accounts. We transfer funds from our depository accounts to our disbursement accounts upon daily notification of checks presented for payment. Changes in bank overdrafts are reported in “other financing activities” in our Consolidated Statements of Cash Flows. |
DEBT
DEBT | 9 Months Ended | ||||||||
Sep. 30, 2014 | |||||||||
Debt Disclosure [Abstract] | ' | ||||||||
DEBT | ' | ||||||||
6. DEBT | |||||||||
As of September 30, 2014 and December 31, 2013, our debt consisted of (dollars in thousands): | |||||||||
September 30, | December 31, | ||||||||
2014 | 2013 | ||||||||
Bank credit facility | $ | 1,182,875 | $ | 852,000 | |||||
9 1⁄8% senior notes due 2019 | — | 350,000 | |||||||
7 1⁄4% senior notes due 2022 | 250,000 | 250,000 | |||||||
Total debt | $ | 1,432,875 | $ | 1,452,000 | |||||
Less: current portion | 207,375 | 15,250 | |||||||
Total long-term debt | $ | 1,225,500 | $ | 1,436,750 | |||||
2014 Financings | |||||||||
On February 5, 2014, we entered into an amended and restated credit agreement (the “credit agreement”) under our bank credit facility (the “credit facility”) that provided for a new $225.0 million revolving credit facility (the “new revolver”) and a new term loan in the aggregate principal amount of $250.0 million (“Term Loan F”). The credit agreement replaced the previously existing credit agreement in its entirety, and amended a number of terms and conditions, including covenants relating to restricted payments, excess cash recapture, asset sales and acquisitions. On the same date, we borrowed the full amount under Term Loan F, the new revolver became effective, and the previous $225.2 million revolving credit facility (the “old revolver”) was terminated. After giving effect to $4.7 million of financing costs, net proceeds of $245.3 million from Term Loan F, together with $161.0 million of borrowings under the new revolver, were used to repay $400.0 million of the principal amount outstanding under the existing Term Loan C and the entire $6.3 million balance under the old revolver. | |||||||||
Borrowings under the new revolver bear interest at a floating rate or rates equal to, at our discretion, LIBOR plus a margin ranging from 2.00% to 2.75% or the Prime Rate (subject to a minimum as provided in the credit agreement) plus a margin ranging from of 1.00% to 1.75%. Commitment fees on the unused portion of the new revolver are payable at a rate of 0.375% or 0.50%. The applicable margin and commitment fees charged are determined by certain financial ratios pursuant to the credit agreement. The new revolver is scheduled to expire on February 5, 2019. | |||||||||
Borrowings under Term Loan F bear interest at a floating rate or rates equal to, at our discretion, LIBOR plus a margin of 2.50% or the Prime Rate (subject to a minimum as provided in the credit agreement) plus a margin of 1.50%. Term Loan F matures on March 31, 2018 and, since June 30, 2014, has been subject to quarterly principal reductions of $0.6 million, representing 0.25% of the original principal amount, with a final payment at maturity of $240.6 million, representing 96.25% of the original principal amount. | |||||||||
On August 15, 2014, we entered into an incremental facility term loan agreement under the credit agreement that provided for a new $350.0 million term loan (“Term Loan G”) and, on the same date, borrowed the full amount under Term Loan G. After giving effect to $5.2 million of financing costs, net proceeds of $344.8 million were used to substantially fund the redemption of the entire $350 million principal amount outstanding under our existing 9 1⁄8% senior notes due August 2019 (“the 9 1⁄8% Notes”). | |||||||||
Borrowings under Term Loan G bear interest at a floating rate or rates equal to, at our discretion, LIBOR plus a margin of 3.00%, subject to a minimum LIBOR of 0.75%, or the Prime Rate plus a margin of 2.00%, subject to a minimum Prime Rate of 1.75%. For any quarterly period ending on or after September 30, 2014 in which our operating subsidiaries’ total leverage ratio (as defined and calculated as provided in the credit agreement, giving pro forma effect to the borrowing of Term Loan G as if it occurred on July 1, 2014) is 3.5 to 1.0 or below, the margin on LIBOR and Prime Rate borrowings will be reduced to 2.75% and 1.75%, respectively. Term Loan G matures on June 30, 2021 and, commencing on December 31, 2014, is subject to quarterly principal reductions of $0.9 million, representing 0.25% of the original principal amount, with a final payment at maturity of $327.3 million, representing 93.50% of the original principal amount. | |||||||||
Bank Credit Facility | |||||||||
As of September 30, 2014, we maintained a $1.262 billion credit facility, comprising: | |||||||||
• | $225.0 million of revolving credit commitments, which expire on February 5, 2019; | ||||||||
• | $198.9 million of outstanding borrowings under Term Loan C, which matures on January 31, 2015; | ||||||||
• | $239.4 million of outstanding borrowings under Term Loan E, which matures on October 23, 2017; | ||||||||
• | $248.8 million of outstanding borrowings under Term Loan F, which matures on March 31, 2018; and | ||||||||
• | $350.0 million of outstanding borrowings under Term Loan G, which matures on June 30, 2021. | ||||||||
As of September 30, 2014, we had $70.2 million of unused revolving credit commitments, all of which were available to be borrowed and used for general corporate purposes, after giving effect to $145.9 million of outstanding loans and $8.9 million of letters of credit issued thereunder to various parties as collateral. | |||||||||
The credit facility is collateralized by our ownership interests in our operating subsidiaries and is guaranteed by us on a limited recourse basis to the extent of such ownership interests. The credit agreement requires our operating subsidiaries to maintain a total leverage ratio (as defined in the credit agreement) of no more than 5.0 to 1.0 and an interest coverage ratio (as defined in the credit agreement) of no less than 2.0 to 1.0. For all periods through September 30, 2014, our operating subsidiaries were in compliance with all covenants under the credit agreement. | |||||||||
On February 5, 2014, we repaid $400.0 million of principal amount outstanding under Term Loan C with proceeds from borrowings under Term Loan F and our revolving credit commitments, and in March, June and September 2014, we repaid $0.5 million, $4.5 million and $0.6 million, respectively, under Term Loan C with internally generated funds. We plan to repay the remaining $198.9 million balance under Term Loan C on, or prior to, its scheduled maturity of January 31, 2015 through some combination of internally generated funds, borrowings under our revolving credit commitments, proceeds received from future financing transactions and funds made available to us by our parent, MCC. | |||||||||
Interest Rate Swaps | |||||||||
We have entered into several interest rate swaps with various banks to fix the variable rate of borrowings to reduce the potential volatility in our interest expense that may result from changes in market interest rates. Our interest rate swaps have not been designated as hedges for accounting purposes, and have been accounted for on a mark-to-market basis as of, and for the three and nine months ended, September 30, 2014 and 2013. | |||||||||
As of September 30, 2014, we had interest rate swaps that fixed the variable rate of $700 million of borrowings at a rate of 3.0%, of which $400 million and $300 million expire during December 2014 and 2015, respectively. As of the same date, we also had forward starting interest rate swaps that will fix the variable rate of $200 million of borrowings at a rate of 3.0% for a one year period commencing December 2014. | |||||||||
As of September 30, 2014, the weighted average interest rate on outstanding borrowings under the credit facility, including the effect of our interest rate swaps, was 4.5%. | |||||||||
Senior Notes | |||||||||
As of September 30, 2014, we had $250 million of outstanding senior notes, all of which comprised our 7 1⁄4% senior notes due February 2022 (the “7 1⁄4% Notes”). Our senior notes are unsecured obligations, and the indenture governing the 7 1⁄4% Notes (the “indenture”) limits the incurrence of additional indebtedness based upon a maximum debt to operating cash flow ratio (as defined in the indenture) of 8.5 to 1.0. For all periods through September 30, 2014, we were in compliance with all covenants under the indenture. | |||||||||
On July 16, 2014, we called for the redemption of the entire $350.0 million principal amount outstanding under the 9 1⁄8% Notes. On August 15, 2014, the 9 1⁄8% Notes were redeemed at a price equal to $1,045.63 for each $1,000 principal amount outstanding, for an aggregate redemption price of $366.0 million, which was funded with proceeds from the issuance of Term Loan G and borrowings under our revolving credit commitments. As a result of the redemption of the 9 1⁄8% Notes, we recorded in our consolidated statements of operations a loss on early extinguishment of debt of $23.0 million for the three and nine months ended September 30, 2014, which represented the $16.0 million redemption price paid above par and the write-off of $7.0 million of unamortized financing costs. | |||||||||
Other Assets | |||||||||
Other assets, net, primarily include financing costs and original issue discount incurred to raise debt, which are deferred and amortized as interest expense over the expected term of such financings. Original issue discount, as recorded in other assets, net, was $2.8 million and $5.3 million as of September 30, 2014 and December 31, 2013, respectively. | |||||||||
Debt Ratings | |||||||||
MCC’s corporate credit rating is B1 by Moody’s, with a positive outlook, and BB- by Standard and Poor’s (“S&P”), with a stable outlook. Our senior unsecured rating is B3 by Moody’s, with a positive outlook, and B by S&P, with a stable outlook. There are no covenants, events of default, borrowing conditions or other terms in the credit agreement or indentures that are based on changes in our credit rating assigned by any rating agency. | |||||||||
Fair Value | |||||||||
As of September 30, 2014 and December 31, 2013, the fair values of our senior notes and outstanding debt under the credit facility (which were calculated based upon market prices of such issuances in an active market when available) were as follows (dollars in thousands): | |||||||||
September 30, | December 31, | ||||||||
2014 | 2013 | ||||||||
9 1⁄8% senior notes due 2019 | $ | — | $ | 380,188 | |||||
7 1⁄4% senior notes due 2022 | 263,125 | 266,250 | |||||||
Total senior notes | $ | 263,125 | $ | 646,438 | |||||
Bank credit facility | $ | 1,160,751 | $ | 850,336 | |||||
PREFERRED_MEMBERSHIP_INTEREST_
PREFERRED MEMBERSHIP INTEREST IN AFFILIATED COMPANY | 9 Months Ended |
Sep. 30, 2014 | |
Equity Method Investments and Joint Ventures [Abstract] | ' |
PREFERRED MEMBERSHIP INTEREST IN AFFILIATED COMPANY | ' |
7. PREFERRED MEMBERSHIP INTEREST IN AFFILIATED COMPANY | |
In July 2001, we made a $150 million preferred membership investment in Mediacom Broadband LLC, which has a 12% annual dividend, payable quarterly in cash. We received $4.5 million in cash dividends on the preferred membership interest during each of the three months ended September 30, 2014 and 2013, and $13.5 million during each of the nine months ended September 30, 2014 and 2013. |
MEMBERS_DEFICIT
MEMBER'S DEFICIT | 9 Months Ended |
Sep. 30, 2014 | |
Equity [Abstract] | ' |
MEMBER'S DEFICIT | ' |
8. MEMBER’S DEFICIT | |
As a wholly-owned subsidiary of MCC, our business affairs, including our financing decisions, are directed by MCC. See Note 9. | |
Capital contributions from parent and capital distributions to parent are reported on a gross basis in the Consolidated Statements of Cash Flows. We received capital contributions from parent in cash of $2.0 million during the nine months ended September 30, 2014, and made capital distributions to parent in cash of $3.5 million and $3.8 million during the nine months ended September 30, 2014 and 2013, respectively. |
RELATED_PARTY_TRANSACTIONS
RELATED PARTY TRANSACTIONS | 9 Months Ended |
Sep. 30, 2014 | |
Related Party Transactions [Abstract] | ' |
RELATED PARTY TRANSACTIONS | ' |
9. RELATED PARTY TRANSACTIONS | |
MCC manages us pursuant to management agreements with our operating subsidiaries. Under such agreements, MCC has full and exclusive authority to manage our day to day operations and conduct our business. We remain responsible for all expenses and liabilities relating to the construction, development, operation, maintenance, repair and ownership of our systems. | |
As compensation for the performance of its services, subject to certain restrictions, MCC is entitled to receive management fees in an amount not to exceed 4.5% of the annual gross operating revenues of our operating subsidiaries, and is also entitled to the reimbursement of all expenses necessarily incurred in its capacity as manager. MCC charged us management fees of $2.7 million and $3.2 million for the three months ended September 30, 2014 and 2013, respectively, and $9.1 million and $9.2 million for the nine months ended September 30, 2014 and 2013, respectively. | |
We are a preferred equity investor in Mediacom Broadband LLC. See Note 7. |
COMMITMENTS_AND_CONTINGENCIES
COMMITMENTS AND CONTINGENCIES | 9 Months Ended |
Sep. 30, 2014 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
COMMITMENTS AND CONTINGENCIES | ' |
10. COMMITMENTS AND CONTINGENCIES | |
Legal Proceedings | |
We are involved in various legal actions arising in the ordinary course of business. In the opinion of management, the ultimate disposition of these matters will not have a material adverse effect on our consolidated financial position, results of operations, cash flows or business. |
GOODWILL_AND_OTHER_INTANGIBLE_
GOODWILL AND OTHER INTANGIBLE ASSETS | 9 Months Ended |
Sep. 30, 2014 | |
Goodwill and Intangible Assets Disclosure [Abstract] | ' |
GOODWILL AND OTHER INTANGIBLE ASSETS | ' |
11. GOODWILL AND OTHER INTANGIBLE ASSETS | |
In accordance with the FASB’s Accounting Standards Codification No. 350 — Intangibles — Goodwill and Other (“ASC 350”), the amortization of goodwill and indefinite-lived intangible assets is prohibited and requires such assets to be tested annually for impairment, or more frequently if impairment indicators arise. We have determined that our cable franchise rights and goodwill are indefinite-lived assets and therefore not amortizable. | |
We last evaluated the qualitative factors surrounding our Mediacom LLC reporting unit as of October 1, 2013, which has negative equity carrying value, and did not believe that it was “more likely than not” that a goodwill impairment existed at that time. As such, we did not perform Step 2 of the goodwill impairment test. | |
Because we believe there has not been a meaningful change in the long-term fundamentals of our business during the first nine months of 2014, we determined that there has been no triggering event under ASC 350 and, as such, no interim impairment test was required as of September 30, 2014. |
ORGANIZATION_Policies
ORGANIZATION (Policies) | 9 Months Ended |
Sep. 30, 2014 | |
Accounting Policies [Abstract] | ' |
Basis of Preparation of Unaudited Consolidated Financial Statements | ' |
Basis of Preparation of Unaudited Consolidated Financial Statements | |
Mediacom LLC (“Mediacom LLC” and collectively with its subsidiaries, “we,” “our” or “us”) is a New York limited liability company wholly-owned by Mediacom Communications Corporation (“MCC”). MCC is involved in the acquisition and operation of cable systems serving smaller cities and towns in the United States, and its cable systems are owned and operated through our operating subsidiaries and those of Mediacom Broadband LLC, a Delaware limited liability company wholly-owned by MCC. As limited liability companies, we and Mediacom Broadband LLC are not subject to income taxes and, as such, are included in the consolidated federal and state income tax returns of MCC, a C corporation. | |
Our principal operating subsidiaries conduct all of our consolidated operations and own substantially all of our consolidated assets. Our operating subsidiaries are separate and distinct legal entities and have no obligation, contingent or otherwise, to make funds available to us. | |
We have prepared these unaudited consolidated financial statements in accordance with the rules and regulations of the Securities and Exchange Commission (the “SEC”). In the opinion of management, such statements include all adjustments, consisting of normal recurring accruals and adjustments, necessary for a fair presentation of our consolidated results of operations and financial position for the interim periods presented. The accounting policies followed during such interim periods reported are in conformity with generally accepted accounting principles in the United States of America and are consistent with those applied during annual periods. For a summary of our accounting policies and other information, refer to our Annual Report on Form 10-K for the year ended December 31, 2013. The results of operations for the interim periods are not necessarily indicative of the results that might be expected for future interim periods or for the full year ending December 31, 2014. | |
Mediacom Capital Corporation (“Mediacom Capital”), a New York corporation wholly-owned by us, co-issued, jointly and severally with us, public debt securities. Mediacom Capital has no operations, revenues or cash flows and has no assets, liabilities or stockholders’ equity on its balance sheet, other than a one-hundred dollar receivable from an affiliate and the same dollar amount of common stock. Therefore, separate financial statements have not been presented for this entity. | |
Franchise fees imposed by local governmental authorities are collected on a monthly basis from our customers and are periodically remitted to the local governmental authorities. Because franchise fees are our obligation, we present them on a gross basis with a corresponding operating expense. Franchise fees reported on a gross basis amounted to approximately $2.5 million and $3.1 million for the three months ended September 30, 2014 and 2013, respectively, and approximately $8.3 million and $9.2 million for the nine months ended September 30, 2014 and 2013, respectively. | |
Reclassifications | ' |
Reclassifications | |
Certain reclassifications have been made to prior year amounts to conform to the current year presentation. |
FAIR_VALUE_Tables
FAIR VALUE (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Fair Value of Interest Rate Swap Liabilities | ' | ||||||||||||||||
As of September 30, 2014, our interest rate swap liabilities, net, were valued at $16.3 million using Level 2 inputs, as follows (dollars in thousands): | |||||||||||||||||
Fair Value as of September 30, 2014 | |||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Assets | |||||||||||||||||
Interest rate exchange agreements | $ | — | $ | — | $ | — | $ | — | |||||||||
Liabilities | |||||||||||||||||
Interest rate exchange agreements | $ | — | $ | 16,293 | $ | — | $ | 16,293 | |||||||||
Interest rate exchange agreements - liabilities, net | $ | — | $ | 16,293 | $ | — | $ | 16,293 | |||||||||
As of December 31, 2013, our interest rate swap liabilities, net, were valued at $30.0 million using Level 2 inputs, as follows (dollars in thousands): | |||||||||||||||||
Fair Value as of December 31, 2013 | |||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Assets | |||||||||||||||||
Interest rate exchange agreements | $ | — | $ | — | $ | — | $ | — | |||||||||
Liabilities | |||||||||||||||||
Interest rate exchange agreements | $ | — | $ | 29,989 | $ | — | $ | 29,989 | |||||||||
Interest rate exchange agreements - liabilities, net | $ | — | $ | 29,989 | $ | — | $ | 29,989 | |||||||||
PROPERTY_PLANT_AND_EQUIPMENT_T
PROPERTY, PLANT AND EQUIPMENT (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2014 | |||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||
Components of Property, Plant and Equipment | ' | ||||||||
Property, plant and equipment consisted of the following (dollars in thousands): | |||||||||
September 30, | December 31, | ||||||||
2014 | 2013 | ||||||||
Cable systems, equipment and customer devices | $ | 2,140,247 | $ | 2,059,980 | |||||
Furniture, fixtures and office equipment | 48,585 | 52,157 | |||||||
Vehicles | 38,004 | 37,938 | |||||||
Buildings and leasehold improvements | 17,061 | 16,907 | |||||||
Land and land improvements | 1,581 | 1,581 | |||||||
Property, plant and equipment, gross | $ | 2,245,478 | $ | 2,168,563 | |||||
Accumulated depreciation | (1,569,648 | ) | (1,499,404 | ) | |||||
Property, plant and equipment, net | $ | 675,830 | $ | 669,159 | |||||
ACCOUNTS_PAYABLE_ACCRUED_EXPEN1
ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2014 | |||||||||
Payables and Accruals [Abstract] | ' | ||||||||
Table of Accounts Payable, Accrued Expenses and Other Current Liabilities | ' | ||||||||
Accounts payable, accrued expenses and other current liabilities consisted of the following (dollars in thousands): | |||||||||
September 30, | December 31, | ||||||||
2014 | 2013 | ||||||||
Accounts payable - trade | $ | 31,011 | $ | 24,282 | |||||
Accrued programming costs | 19,750 | 19,927 | |||||||
Accrued payroll and benefits | 14,967 | 14,271 | |||||||
Accrued taxes and fees | 14,701 | 16,115 | |||||||
Liabilities under interest rate exchange agreements | 13,936 | 19,354 | |||||||
Advance customer payments | 11,388 | 10,678 | |||||||
Accrued service costs | 7,279 | 8,200 | |||||||
Accrued property, plant and equipment | 4,311 | 3,923 | |||||||
Bank overdrafts (1) | 3,703 | 2,866 | |||||||
Accrued interest | 2,997 | 19,694 | |||||||
Accrued telecommunications costs | 1,527 | 1,368 | |||||||
Other accrued expenses | 9,127 | 8,380 | |||||||
Accounts payable, accrued expenses and other current liabilities | $ | 134,697 | $ | 149,058 | |||||
-1 | Bank overdrafts represent outstanding checks in excess of funds on deposit at our disbursement accounts. We transfer funds from our depository accounts to our disbursement accounts upon daily notification of checks presented for payment. Changes in bank overdrafts are reported in “other financing activities” in our Consolidated Statements of Cash Flows. |
DEBT_Tables
DEBT (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2014 | |||||||||
Debt Disclosure [Abstract] | ' | ||||||||
Summary of Debt | ' | ||||||||
As of September 30, 2014 and December 31, 2013, our debt consisted of (dollars in thousands): | |||||||||
September 30, | December 31, | ||||||||
2014 | 2013 | ||||||||
Bank credit facility | $ | 1,182,875 | $ | 852,000 | |||||
9 1⁄8% senior notes due 2019 | — | 350,000 | |||||||
7 1⁄4% senior notes due 2022 | 250,000 | 250,000 | |||||||
Total debt | $ | 1,432,875 | $ | 1,452,000 | |||||
Less: current portion | 207,375 | 15,250 | |||||||
Total long-term debt | $ | 1,225,500 | $ | 1,436,750 | |||||
Fair Values of Senior Notes and Outstanding Debt | ' | ||||||||
As of September 30, 2014 and December 31, 2013, the fair values of our senior notes and outstanding debt under the credit facility (which were calculated based upon market prices of such issuances in an active market when available) were as follows (dollars in thousands): | |||||||||
September 30, | December 31, | ||||||||
2014 | 2013 | ||||||||
9 1⁄8% senior notes due 2019 | $ | — | $ | 380,188 | |||||
7 1⁄4% senior notes due 2022 | 263,125 | 266,250 | |||||||
Total senior notes | $ | 263,125 | $ | 646,438 | |||||
Bank credit facility | $ | 1,160,751 | $ | 850,336 | |||||
Organization_Additional_Inform
Organization - Additional Information (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' | ' | ' | ' |
Amount due from affiliate by subsidiary | $100 | ' | $100 | ' |
Franchise fees imposed by local governmental authorities | $2,500,000 | $3,100,000 | $8,300,000 | $9,200,000 |
Fair_Value_Additional_Informat
Fair Value - Additional Information (Detail) (USD $) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' |
Accumulated current liability in accounts payable, accrued expenses and other current liabilities | $13,900,000 | ' | $13,900,000 | ' | $19,400,000 |
Accumulated long-term liability in other non-current liabilities | 2,400,000 | ' | 2,400,000 | ' | 10,600,000 |
Net gain on derivatives | 5,100,000 | 2,800,000 | 13,700,000 | 14,000,000 | ' |
Interest Rate Exchange Agreements [Member] | ' | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' |
Liabilities, net | 16,293,000 | ' | 16,293,000 | ' | 29,989,000 |
Level 2 [Member] | Interest Rate Exchange Agreements [Member] | ' | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' |
Liabilities, net | $16,293,000 | ' | $16,293,000 | ' | $29,989,000 |
Fair_Value_Fair_Value_of_Inter
Fair Value - Fair Value of Interest Rate Swap Liabilities (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Liabilities | $13,936 | $19,354 |
Interest Rate Exchange Agreements [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Assets | ' | ' |
Liabilities | 16,293 | 29,989 |
Liabilities, net | 16,293 | 29,989 |
Level 1 [Member] | Interest Rate Exchange Agreements [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Assets | ' | ' |
Liabilities | ' | ' |
Liabilities, net | ' | ' |
Level 2 [Member] | Interest Rate Exchange Agreements [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Assets | ' | ' |
Liabilities | 16,293 | 29,989 |
Liabilities, net | 16,293 | 29,989 |
Level 3 [Member] | Interest Rate Exchange Agreements [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Assets | ' | ' |
Liabilities | ' | ' |
Liabilities, net | ' | ' |
Property_Plant_and_Equipment_C
Property, Plant and Equipment - Components of Property, Plant and Equipment (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Line Items] | ' | ' |
Property, plant and equipment, gross | $2,245,478 | $2,168,563 |
Accumulated depreciation | -1,569,648 | -1,499,404 |
Property, plant and equipment, net | 675,830 | 669,159 |
Cable Systems, Equipment and Customer Devices [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property, plant and equipment, gross | 2,140,247 | 2,059,980 |
Furniture, Fixtures and Office Equipment [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property, plant and equipment, gross | 48,585 | 52,157 |
Vehicles [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property, plant and equipment, gross | 38,004 | 37,938 |
Buildings and Leasehold Improvements [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property, plant and equipment, gross | 17,061 | 16,907 |
Land and Land Improvements [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property, plant and equipment, gross | $1,581 | $1,581 |
Recovered_Sheet1
Accounts Payable, Accrued Expenses and Other Current Liabilities - Summary of Accounts Payable, Accrued Expenses and Other Current Liabilities (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Payables and Accruals [Abstract] | ' | ' |
Accounts payable - trade | $31,011 | $24,282 |
Accrued programming costs | 19,750 | 19,927 |
Accrued payroll and benefits | 14,967 | 14,271 |
Accrued taxes and fees | 14,701 | 16,115 |
Liabilities under interest rate exchange agreements | 13,936 | 19,354 |
Advance customer payments | 11,388 | 10,678 |
Accrued service costs | 7,279 | 8,200 |
Accrued property, plant and equipment | 4,311 | 3,923 |
Bank overdrafts | 3,703 | 2,866 |
Accrued interest | 2,997 | 19,694 |
Accrued telecommunications costs | 1,527 | 1,368 |
Other accrued expenses | 9,127 | 8,380 |
Accounts payable, accrued expenses and other current liabilities | $134,697 | $149,058 |
Debt_Summary_of_Debt_Detail
Debt - Summary of Debt (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Debt Instrument [Line Items] | ' | ' |
Total debt | $1,432,875 | $1,452,000 |
Total debt | 1,432,875 | 1,452,000 |
Less: current portion | 207,375 | 15,250 |
Total long-term debt | 1,225,500 | 1,436,750 |
9 1/8% Senior Notes Due 2019 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total debt | ' | 350,000 |
Total debt | ' | 350,000 |
7 1/4% Senior Notes Due 2022 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total debt | 250,000 | 250,000 |
Total debt | 250,000 | 250,000 |
Bank Credit Facility [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total debt | 1,182,875 | 852,000 |
Total debt | $1,182,875 | $852,000 |
Debt_Summary_of_Debt_Parenthet
Debt - Summary of Debt (Parenthetical) (Detail) | 9 Months Ended | |
Sep. 30, 2014 | Aug. 15, 2014 | |
9 1/8% Senior Notes Due 2019 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Debt instrument, interest rate | 9.13% | 9.13% |
Debt instrument, Maturity | '2019 | ' |
7 1/4% Senior Notes Due 2022 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Debt instrument, interest rate | 7.25% | ' |
Debt instrument, Maturity | '2022 | ' |
Debt_Additional_Information_De
Debt - Additional Information (Detail) (USD $) | 3 Months Ended | 9 Months Ended | 9 Months Ended | 0 Months Ended | 3 Months Ended | 9 Months Ended | 0 Months Ended | 3 Months Ended | 9 Months Ended | 9 Months Ended | 0 Months Ended | 9 Months Ended | 0 Months Ended | 0 Months Ended | 1 Months Ended | 9 Months Ended | 0 Months Ended | 9 Months Ended | 0 Months Ended | 9 Months Ended | 9 Months Ended | 9 Months Ended | |||||||||||||||||||||||||||||||||||
Sep. 30, 2014 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Aug. 15, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Aug. 15, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Feb. 05, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Feb. 05, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Feb. 05, 2014 | Feb. 05, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Feb. 05, 2014 | Feb. 05, 2014 | Feb. 05, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Feb. 05, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Aug. 15, 2014 | Sep. 30, 2014 | Jul. 01, 2014 | Jul. 01, 2014 | Jul. 01, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Jul. 01, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | |
Loans Payable [Member] | Forward Interest Rate Swaps [Member] | Maximum [Member] | Maximum [Member] | Minimum [Member] | Minimum [Member] | 7 1/4% Senior Notes Due 2022 [Member] | 7 1/4% Senior Notes Due 2022 [Member] | 7 1/4% Senior Notes Due 2022 [Member] | 9 1/8% Senior Notes Due 2019 [Member] | 9 1/8% Senior Notes Due 2019 [Member] | 9 1/8% Senior Notes Due 2019 [Member] | 9 1/8% Senior Notes Due 2019 [Member] | Interest Rate Exchange Agreements [Member] | Interest Rate Exchange Agreements [Member] | Interest Rate Exchange Agreements [Member] | Interest Rate Exchange Agreements [Member] | Term Loan F [Member] | Term Loan F [Member] | Term Loan F [Member] | Term Loan F [Member] | Term Loan F [Member] | Term Loan F [Member] | New Revolver [Member] | New Revolver [Member] | New Revolver [Member] | New Revolver [Member] | Old Revolver [Member] | Old Revolver [Member] | Term Loan C [Member] | Term Loan C [Member] | Term Loan C [Member] | Term Loan C [Member] | Term Loan C [Member] | Term Loan C [Member] | Letter of Credit [Member] | Term Loan G [Member] | Term Loan G [Member] | Term Loan G [Member] | Term Loan G [Member] | Term Loan G [Member] | Term Loan G [Member] | Term Loan G [Member] | Term Loan G [Member] | Term Loan G [Member] | Term Loan G [Member] | Bank Credit Facility [Member] | Bank Credit Facility [Member] | Bank Credit Facility [Member] | Bank Credit Facility [Member] | Bank Credit Facility [Member] | Bank Credit Facility [Member] | Bank Credit Facility [Member] | Bank Credit Facility [Member] | ||||
LIBOR [Member] | Prime Rate [Member] | LIBOR [Member] | Prime Rate [Member] | Maximum [Member] | Minimum [Member] | December 2014 [Member] | December 2015 [Member] | Not Designated as Hedging Instrument [Member] | LIBOR [Member] | Prime Rate [Member] | Maximum [Member] | Minimum [Member] | Forecast [Member] | LIBOR [Member] | Prime Rate [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Maximum [Member] | Minimum [Member] | Term Loan F [Member] | Term Loan C [Member] | Term Loan G [Member] | Revolving Credit Commitments at Present [Member] | Term Loan E [Member] | |||||||||||||||||||||||||||||
LIBOR [Member] | Prime Rate [Member] | LIBOR [Member] | Prime Rate [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Line of Credit Facility [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Face amount of note | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1,000 | ' | ' | ' | ' | ' | ' | ' | $250,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revolving credit commitments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 225,000,000 | ' | ' | ' | 225,200,000 | ' | ' | ' | ' | 400,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 225,000,000 | ' |
Financing costs | ' | 9,878,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from loans | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 245,300,000 | ' | ' | ' | ' | ' | 161,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Repayment of debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,300,000 | ' | 400,000,000 | 600,000 | 4,500,000 | 500,000 | ' | 198,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Floating rate margin | ' | ' | ' | ' | ' | 2.75% | 1.75% | 2.00% | 1.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.50% | 1.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.75% | 1.75% | ' | 3.00% | 2.00% | ' | 0.75% | 1.75% | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of commitment fees | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.50% | 0.38% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Final maturity date | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 31-Mar-18 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 30-Jun-21 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Quarterly reductions of original principal amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Rate of quarterly reductions of original principal amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.25% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.25% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Final payment at maturity representing the original principal amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 240,600,000 | 240,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 327,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Rate of Final payment at maturity representing the original principal amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 96.25% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 93.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net proceeds from Term Loan | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 344,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Redemption of debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 350,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, interest rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7.25% | ' | ' | ' | 9.13% | 9.13% | 9.13% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Leverage ratio | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.5 | ' | ' | 1 | ' | ' | ' | 5 | 1 | ' | ' | ' | ' | ' |
Revolving credit commitment outstanding | ' | ' | ' | 145,900,000 | 200,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,262,000,000 | ' | ' | 248,800,000 | 198,900,000 | 350,000,000 | ' | 239,400,000 |
Expiration date of revolving credit commitments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 31-Mar-18 | 31-Jan-15 | 30-Jun-21 | 5-Feb-19 | 23-Oct-17 |
Unused revolving credit commitments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 70,200,000 | ' | ' | ' | ' | ' | ' | ' |
Interest coverage ratio | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2 | 1 | ' | ' | ' | ' | ' |
Revolving credit commitment outstanding | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 700,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest rate on borrowings | ' | ' | ' | ' | 3.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest rate swaps principal expiration scheduled amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 400,000,000 | 300,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Average interest rate on outstanding borrowings | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Outstanding senior notes | ' | ' | ' | ' | ' | ' | ' | ' | ' | 250,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Senior notes expiration date | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'February 2022 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Required debt to operating cash flow | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8.5 | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Redemption description | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'On July 16, 2014, we called for the redemption of the entire $350.0 million principal amount outstanding under the 9 1/8% Notes. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Redemption price per share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,045.63 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Aggregate redemption price | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 366,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loss on early extinguishment of debt | -23,046,000 | -23,046,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -23,000,000 | -23,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Redemption price paid above par | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 16,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Write-off of unamortized financing costs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Original issue discount, as recorded in other assets, net | $2,800,000 | $2,800,000 | $5,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt_Fair_Values_of_Senior_Not
Debt - Fair Values of Senior Notes and Outstanding Debt (Detail) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Debt Instrument [Line Items] | ' | ' |
Total senior notes | $263,125 | $646,438 |
Bank Credit Facility [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total senior notes | 1,160,751 | 850,336 |
9 1/8% Senior Notes Due 2019 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total senior notes | ' | 380,188 |
7 1/4% Senior Notes Due 2022 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total senior notes | $263,125 | $266,250 |
Debt_Fair_Values_of_Senior_Not1
Debt - Fair Values of Senior Notes and Outstanding Debt (Parenthetical) (Detail) | 9 Months Ended | |
Sep. 30, 2014 | Aug. 15, 2014 | |
9 1/8% Senior Notes Due 2019 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Debt instrument, interest rate | 9.13% | 9.13% |
Debt instrument, Maturity | '2019 | ' |
7 1/4% Senior Notes Due 2022 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Debt instrument, interest rate | 7.25% | ' |
Debt instrument, Maturity | '2022 | ' |
Recovered_Sheet2
Preferred Membership Interest in Affiliated Company - Additional Information (Detail) (USD $) | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | ||||||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Dec. 31, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | Jul. 31, 2001 |
Mediacom Broadband LLC [Member] | Mediacom Broadband LLC [Member] | Mediacom Broadband LLC [Member] | Mediacom Broadband LLC [Member] | Mediacom Broadband LLC [Member] | ||||||
Schedule of Equity Method Investments [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred membership investment | $150,000 | ' | $150,000 | ' | $150,000 | ' | ' | ' | ' | $150,000 |
Preferred annual cash dividend | ' | ' | ' | ' | ' | 12.00% | ' | ' | ' | ' |
Cash dividends on preferred membership interest | $4,500 | $4,500 | $13,500 | $13,500 | ' | $4,500 | $4,500 | $13,500 | $13,500 | ' |
Members_Deficit_Additional_Inf
Member's Deficit - Additional Information (Detail) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 |
Equity [Abstract] | ' | ' |
Capital distributions to parent | $3,500 | $3,800 |
Received capital contributions from parent | $2,000 | ' |
Related_Party_Transactions_Add
Related Party Transactions - Additional Information (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Related Party Transaction [Line Items] | ' | ' | ' | ' |
Management fees charged by MCC | $2,700 | $3,200 | $9,100 | $9,200 |
MCC [Member] | Service [Member] | ' | ' | ' | ' |
Related Party Transaction [Line Items] | ' | ' | ' | ' |
Management fees charged by MCC | $2,700 | $3,200 | $9,100 | $9,200 |
MCC [Member] | Service [Member] | Maximum [Member] | ' | ' | ' | ' |
Related Party Transaction [Line Items] | ' | ' | ' | ' |
Compensation percentage for performance of services taken from gross operating revenues | ' | ' | 4.50% | ' |