Mediacom Broadband 10-Q 5 Aug 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	6 Months Ended
	Jun. 30, 2016shares
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Trading Symbol	MCCCB
Entity Registrant Name	MEDIACOM BROADBAND LLC
Entity Central Index Key	1,161,364
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 ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
CURRENT ASSETS
Cash	$ 10,311	$ 10,442
Accounts receivable, net of allowance for doubtful accounts of $4,520 and $3,627	66,370	69,743
Prepaid expenses and other current assets	15,793	11,347
Total current assets	92,474	91,532
Property, plant and equipment, net of accumulated depreciation of $1,636,655 and $1,589,422	800,239	783,653
Franchise rights	1,176,908	1,176,908
Goodwill	195,945	195,945
Other assets, net of accumulated amortization of $3,596 and $3,054	6,214	8,995
Total assets	2,271,780	2,257,033
CURRENT LIABILITIES
Accounts payable, accrued expenses and other current liabilities	155,803	151,929
Accounts payable - affiliates	17,674	10,690
Deferred revenue	39,160	37,904
Current portion of long-term debt	16,575	19,075
Total current liabilities	229,212	219,598
Long-term debt, net (less current portion)	1,654,886	1,790,443
Other non-current liabilities	7,242	1,531
Total liabilities	1,891,340	2,011,572
Commitments and contingencies (Note 10)
PREFERRED MEMBERS’ INTEREST (Note 7)	150,000	150,000
MEMBER’S EQUITY
Capital distributions	(35,819)	(105,493)
Retained earnings	266,259	200,954
Total member’s equity	230,440	95,461
Total liabilities, preferred members’ interest and member’s equity	$ 2,271,780	$ 2,257,033

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Statement Of Financial Position [Abstract]
Allowance for doubtful accounts	$ 4,520	$ 3,627
Accumulated depreciation on property, plant and equipment	1,636,655	1,589,422
Accumulated amortization on other assets	$ 3,596	$ 3,054

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Statement [Abstract]
Revenues	$ 256,368	$ 246,132	$ 511,586	$ 486,085
Costs and expenses:
Service costs (exclusive of depreciation and amortization)	105,413	101,305	209,888	201,530
Selling, general and administrative expenses	48,133	44,863	95,101	88,638
Management fee expense	4,750	4,750	10,100	9,500
Depreciation and amortization	35,575	35,933	70,903	72,126
Operating income	62,497	59,281	125,594	114,291
Interest expense, net	(19,874)	(23,833)	(40,541)	(47,735)
(Loss) gain on derivatives, net	(1,418)	3,391	(8,678)	6,051
Loss on early extinguishment of debt (Note 6)	(1,156)		(1,156)
Other expense, net	(445)	(318)	(914)	(536)
Net income	39,604	38,521	74,305	72,071
Dividend to preferred members (Note 7)	(4,500)	(4,500)	(9,000)	(9,000)
Net income applicable to member	$ 35,104	$ 34,021	$ 65,305	$ 63,071

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 74,305,000	$ 72,071,000
Adjustments to reconcile net income to net cash flows provided by operating activities:
Depreciation and amortization	70,903,000	72,126,000
Loss (gain) on derivatives, net	8,678,000	(6,051,000)
Loss on early extinguishment of debt	1,156,000
Amortization of deferred financing costs	3,001,000	3,477,000
Changes in assets and liabilities:
Accounts receivable, net	3,373,000	(7,263,000)
Prepaid expenses and other assets	(4,025,000)	(4,707,000)
Accounts payable, accrued expenses and other current liabilities	4,008,000	7,813,000
Accounts payable - affiliates	6,882,000	8,429,000
Deferred revenue	1,256,000	1,201,000
Other non-current liabilities	(46,000)
Net cash flows provided by operating activities	169,491,000	147,096,000
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(87,358,000)	(75,230,000)
Change in accrued property, plant and equipment	(1,665,000)	2,171,000
Proceeds from sale of assets	124,000	63,000
Acquisition of other intangible assets		(1,559,000)
Net cash flows used in investing activities	(88,899,000)	(74,555,000)
CASH FLOWS FROM FINANCING ACTIVITIES:
New borrowings of bank debt	282,288,000	114,750,000
Repayment of bank debt	(424,038,000)	(174,750,000)
Capital contributions from parent (Notes 6 and 8)	75,000,000	0
Capital distributions to parent (Note 8)	(5,400,000)	0
Dividend payments on preferred members’ interest (Note 7)	(9,000,000)	(9,000,000)
Other financing activities	427,000	(1,038,000)
Net cash flows used in financing activities	(80,723,000)	(70,038,000)
Net change in cash	(131,000)	2,503,000
CASH, beginning of period	10,442,000	9,452,000
CASH, end of period	10,311,000	11,955,000
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid during the period for interest, net of amounts capitalized	$ 38,082,000	$ 44,293,000

ORGANIZATION

ORGANIZATION	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
ORGANIZATION	1. ORGANIZATION Basis of Preparation of Unaudited Consolidated Financial Statements Mediacom Broadband LLC (“Mediacom Broadband,” and collectively with its subsidiaries, “we,” “our” or “us”) is a Delaware 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 LLC, a New York limited liability company wholly-owned by MCC. As limited liability companies, we and Mediacom 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 statement 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, 2015. 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, 2016. Mediacom Broadband Corporation (“Broadband Corporation”), a Delaware corporation wholly-owned by us, co-issued, jointly and severally with us, public debt securities. Broadband Corporation 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 $5.8 million and $5.9 million for the three months ended June 30, 2016 and 2015, respectively, and $11.8 million for each of the six months ended June 30, 2016 and 2015. Reclassifications Certain reclassifications have been made to prior year amounts to conform to the current year presentation.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	6 Months Ended
	Jun. 30, 2016
Accounting Changes And Error Corrections [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	2. RECENT ACCOUNTING PRONOUNCEMENTS In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09 - Revenue from Contracts with Customers Financial Reporting by Cable Television Companies Revenue from Contracts with Customers, In April 2015 (as amended in August 2015), the FASB issued ASU No. 2015-03 (and ASU 2015-15) - Interest—Imputation of Interest Simplifying the Presentation of Debt Issuance Costs In April 2015, the FASB issued ASU 2015-05 - Intangibles—Goodwill and Other—Internal-Use Software In February 2016, the FASB issued ASU 2016-02 - Leases

FAIR VALUE

FAIR VALUE	6 Months Ended
	Jun. 30, 2016
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. 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 Accounting Standards Codification (“ASC”) No. 820 — Fair Value Measurement · 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. Fair Value as of June 30, 2016 Level 1 Level 2 Level 3 Total Assets Interest rate exchange agreements $ — $ — $ — $ — Liabilities Interest rate exchange agreements $ — $ 10,555 $ — $ 10,555 Fair Value as of December 31, 2015 Level 1 Level 2 Level 3 Total Assets Interest rate exchange agreements $ — $ 1,818 $ — $ 1,818 Liabilities Interest rate exchange agreements $ — $ 3,695 $ — $ 3,695 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. As of June 30, 2016, we recorded a current liability in accounts payable, accrued expenses and other current liabilities of $4.8 million, a long-term liability in other non-current liabilities of $5.8 million and no current or long-term assets. As of December 31, 2015, we recorded a long-term asset of $1.8 million, a current liability in accounts payable, accrued expenses and other current liabilities of $3.7 million, and no current assets or long-term liabilities. As a result of the changes in the mark-to-market valuations on our interest rate swaps, we recorded a net loss on derivatives of $1.4 million and a net gain on derivatives of $3.4 million for the three months ended June 30, 2016 and 2015, respectively, and a net loss on derivatives of $8.7 million and a net gain on derivatives of $6.1 million for the six months ended June 30, 2016 and 2015, respectively.

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	6 Months Ended
	Jun. 30, 2016
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): June 30, December 31, 2016 2015 Cable systems, equipment and customer devices $ 2,318,117 $ 2,250,245 Furniture, fixtures and office equipment 33,828 37,128 Vehicles 40,935 41,924 Buildings and leasehold improvements 36,173 35,870 Land and land improvements 7,841 7,908 Property, plant and equipment, gross $ 2,436,894 $ 2,373,075 Accumulated depreciation (1,636,655 ) (1,589,422 ) Property, plant and equipment, net $ 800,239 $ 783,653

ACCOUNTS PAYABLE, ACCRUED EXPEN

ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	6 Months Ended
	Jun. 30, 2016
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): June 30, December 31, 2016 2015 Accounts payable - trade $ 32,939 $ 36,788 Accrued programming costs 27,210 26,347 Accrued taxes and fees 20,376 16,720 Advance customer payments 14,079 13,274 Accrued payroll and benefits 12,602 13,308 Accrued interest 12,380 12,457 Accrued service costs 8,369 7,871 Accrued property, plant and equipment 7,126 8,791 Bank overdrafts (1) 5,044 4,617 Liabilities under interest rate exchange agreements 4,799 3,695 Accrued telecommunications costs 842 986 Other accrued expenses 10,037 7,075 Accounts payable, accrued expenses and other current liabilities $ 155,803 $ 151,929 (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	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
DEBT	6. DEBT Outstanding debt consisted of the following (dollars in thousands): June 30, December 31, 2016 2015 Bank credit facility $ 1,188,000 $ 1,329,750 5½% senior notes due 2021 200,000 200,000 6⅜% senior notes due 2023 300,000 300,000 Total debt $ 1,688,000 $ 1,829,750 Less: current portion 16,575 19,075 Total long-term debt, gross (less current portion) $ 1,671,425 $ 1,810,675 Less: deferred financing costs, net 16,539 20,232 Total long-term debt, net (less current portion) $ 1,654,886 $ 1,790,443 2016 Financing Activity On May 19, 2016, we repaid the entire $245.6 million balance of Term Loan I under our bank credit facility, that was funded by borrowings of $170.6 million under our revolving credit commitments and $75.0 million of capital contributions by our parent, MCC. On the same date, MCC received the $75.0 million of capital contributions from Mediacom LLC. We recorded a loss on early extinguishment of debt of $1.2 million for each of the three and six months ended June 30, 2016, which represented the write-off of certain unamortized financing costs as a result of the repayment of Term Loan I. Bank Credit Facility As of June 30, 2016, we maintained a $1.392 billion bank credit facility (the “credit facility”), comprising: · $368.5 million of revolving credit commitments, which expire on October 10, 2019; · $147.7 million of outstanding borrowings under Term Loan A, which mature on January 15, 2021; · $582.0 million of outstanding borrowings under Term Loan H, which mature on January 29, 2021; · $294.0 million of outstanding borrowings under Term Loan J, which mature on June 30, 2021. As of June 30, 2016, we had $194.5 million of unused revolving credit commitments, all of which were available to be borrowed and used for general corporate purposes, after giving effect to approximately $164.3 million of outstanding loans and $9.7 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. As of June 30, 2016, the credit agreement governing the credit facility (the “credit agreement”) required 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 June 30, 2016, our operating subsidiaries were in compliance with all covenants under the credit agreement. Interest Rate Swaps We have entered into several interest rate exchange agreements (which we refer to as “interest rate swaps”) with various banks to fix the variable rate on a portion of our borrowings under the credit facility 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 six months ended, June 30, 2016 and 2015. As of June 30, 2016, we had interest rate swaps that fixed the variable portion of $600 million of borrowings at a rate of 1.5%, all of which are scheduled to expire during December 2018. As of June 30, 2016, the weighted average interest rate on outstanding borrowings under the credit facility, including the effect of our interest rate swaps, was 3.7%. Senior Notes As of June 30, 2016, we had $500 million of outstanding senior notes, comprising $200 million of 5½% senior notes due April 2021 and $300 million of 6⅜% senior notes due April 2023. Our senior notes are unsecured obligations, and the indentures governing our senior notes (the “indentures”) limit the incurrence of additional indebtedness based upon a maximum debt to operating cash flow ratio (as defined in the indentures) of 8.5 to 1.0. For all periods through June 30, 2016, we were in compliance with all covenants under the indentures. Deferred Financing Costs We adopted ASU 2015-03 and ASU 2015-15 as of January 1, 2016 and implemented retrospectively as of December 31, 2015. We reclassified $16.5 million of deferred financing costs from other assets, net to long-term debt, net (less current portion) as of June 30, 2016 in accordance with such guidance. We reclassified $20.2 million of deferred financing costs from other assets, net to long-term debt, net (less current portion) as of December 31, 2015 in accordance with such guidance. See Note 2. Debt Ratings MCC’s corporate credit ratings are Ba3 by Moody’s and BB by Standard and Poor’s (“S&P”), and our senior unsecured ratings are B2 by Moody’s and B+ by S&P, all 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 The fair values of our senior notes and outstanding debt under the credit facility (which were calculated based upon unobservable inputs that are corroborated by market data that we determine to be Level 2), were as follows (dollars in thousands): June 30, December 31, 2016 2015 5½% senior notes due 2021 $ 205,000 $ 191,500 6⅜% senior notes due 2023 315,000 291,750 Total senior notes $ 520,000 $ 483,250 Bank credit facility $ 1,188,368 $ 1,317,990

PREFERRED MEMBERS' INTEREST

PREFERRED MEMBERS' INTEREST	6 Months Ended
	Jun. 30, 2016
Equity Method Investments And Joint Ventures [Abstract]
PREFERRED MEMBERS' INTEREST	7. PREFERRED MEMBERS’ INTEREST In July 2001, we received a $150.0 million preferred membership investment from the operating subsidiaries of Mediacom LLC, which has a 12% annual dividend, payable quarterly in cash. We paid $4.5 million in cash dividends on the preferred membership interest during each of the three months ended June 30, 2016 and 2015, and $9.0 million in cash dividends on the preferred membership interest during each of the six months ended June 30, 2016 and 2015.

MEMBER'S EQUITY

MEMBER'S EQUITY	6 Months Ended
	Jun. 30, 2016
Equity [Abstract]
MEMBER'S EQUITY	8. MEMBER’S EQUITY 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 made $75.0 million in capital contributions from parent and $5.4 million in capital distributions to parent during the six months ended June 30, 2016. We had no capital contributions from parent, nor any capital distributions to parent, during the six months ended June 30, 2015.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2016
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 4.0% 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 $4.8 million for each of the three months ended June 30, 2016 and 2015, and $10.1 million and $9.5 million for the six months ended June 30, 2016 and 2015, respectively. Mediacom LLC is a preferred equity investor in us. See Note 7.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2016
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 A

GOODWILL AND OTHER INTANGIBLE ASSETS	6 Months Ended
	Jun. 30, 2016
Goodwill And Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLE ASSETS	11. GOODWILL AND OTHER INTANGIBLE ASSETS In accordance with the FASB’s ASC No. 350 — Intangibles — Goodwill and Other We last evaluated the factors surrounding our Mediacom Broadband reporting unit as of October 1, 2015 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. We last evaluated our other intangible assets as of October 1, 2015 and did not believe that it was “more likely than not” that an impairment existed at that time. Because we believe there has not been a meaningful change in the long-term fundamentals of our business during the first six months of 2016, we determined that there has been no triggering event under ASC 350 and, as such, no interim impairment test was required for our goodwill and other intangible assets as of June 30, 2016.

ORGANIZATION (Policies)

ORGANIZATION (Policies)	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Basis of Preparation of Unaudited Consolidated Financial Statements	Basis of Preparation of Unaudited Consolidated Financial Statements Mediacom Broadband LLC (“Mediacom Broadband,” and collectively with its subsidiaries, “we,” “our” or “us”) is a Delaware 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 LLC, a New York limited liability company wholly-owned by MCC. As limited liability companies, we and Mediacom 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 statement 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, 2015. 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, 2016. Mediacom Broadband Corporation (“Broadband Corporation”), a Delaware corporation wholly-owned by us, co-issued, jointly and severally with us, public debt securities. Broadband Corporation 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 $5.8 million and $5.9 million for the three months ended June 30, 2016 and 2015, respectively, and $11.8 million for each of the six months ended June 30, 2016 and 2015.
Reclassifications	Reclassifications Certain reclassifications have been made to prior year amounts to conform to the current year presentation.

FAIR VALUE (Tables)

FAIR VALUE (Tables)	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value of Interest Rate Swap Assets and Liabilities	Fair Value as of June 30, 2016 Level 1 Level 2 Level 3 Total Assets Interest rate exchange agreements $ — $ — $ — $ — Liabilities Interest rate exchange agreements $ — $ 10,555 $ — $ 10,555 Fair Value as of December 31, 2015 Level 1 Level 2 Level 3 Total Assets Interest rate exchange agreements $ — $ 1,818 $ — $ 1,818 Liabilities Interest rate exchange agreements $ — $ 3,695 $ — $ 3,695

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	6 Months Ended
	Jun. 30, 2016
Property Plant And Equipment [Abstract]
Components of Property, Plant and Equipment	Property, plant and equipment consisted of the following (dollars in thousands): June 30, December 31, 2016 2015 Cable systems, equipment and customer devices $ 2,318,117 $ 2,250,245 Furniture, fixtures and office equipment 33,828 37,128 Vehicles 40,935 41,924 Buildings and leasehold improvements 36,173 35,870 Land and land improvements 7,841 7,908 Property, plant and equipment, gross $ 2,436,894 $ 2,373,075 Accumulated depreciation (1,636,655 ) (1,589,422 ) Property, plant and equipment, net $ 800,239 $ 783,653

ACCOUNTS PAYABLE, ACCRUED EXP20

ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)	6 Months Ended
	Jun. 30, 2016
Payables And Accruals [Abstract]
Summary of Accounts Payable, Accrued Expenses and Other Current Liabilities	Accounts payable, accrued expenses and other current liabilities consisted of the following (dollars in thousands): June 30, December 31, 2016 2015 Accounts payable - trade $ 32,939 $ 36,788 Accrued programming costs 27,210 26,347 Accrued taxes and fees 20,376 16,720 Advance customer payments 14,079 13,274 Accrued payroll and benefits 12,602 13,308 Accrued interest 12,380 12,457 Accrued service costs 8,369 7,871 Accrued property, plant and equipment 7,126 8,791 Bank overdrafts (1) 5,044 4,617 Liabilities under interest rate exchange agreements 4,799 3,695 Accrued telecommunications costs 842 986 Other accrued expenses 10,037 7,075 Accounts payable, accrued expenses and other current liabilities $ 155,803 $ 151,929 (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)	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Summary of Outstanding Debt	Outstanding debt consisted of the following (dollars in thousands): June 30, December 31, 2016 2015 Bank credit facility $ 1,188,000 $ 1,329,750 5½% senior notes due 2021 200,000 200,000 6⅜% senior notes due 2023 300,000 300,000 Total debt $ 1,688,000 $ 1,829,750 Less: current portion 16,575 19,075 Total long-term debt, gross (less current portion) $ 1,671,425 $ 1,810,675 Less: deferred financing costs, net 16,539 20,232 Total long-term debt, net (less current portion) $ 1,654,886 $ 1,790,443
Fair Values of Senior Notes and Outstanding Debt under Credit Facility	The fair values of our senior notes and outstanding debt under the credit facility (which were calculated based upon unobservable inputs that are corroborated by market data that we determine to be Level 2), were as follows (dollars in thousands): June 30, December 31, 2016 2015 5½% senior notes due 2021 $ 205,000 $ 191,500 6⅜% senior notes due 2023 315,000 291,750 Total senior notes $ 520,000 $ 483,250 Bank credit facility $ 1,188,368 $ 1,317,990

Organization - Additional Infor

Organization - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Amount due from affiliate by subsidiary	$ 100		$ 100
Franchise fees imposed by local governmental authorities	$ 5,800,000	$ 5,900,000	$ 11,800,000	$ 11,800,000

Recent Accounting Pronounceme23

Recent Accounting Pronouncements - Additional Information (Detail) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Accounting Changes And Error Corrections [Abstract]
Reclassification of deferred financing costs from other assets to long-term debt, net	$ 16.5	$ 20.2

Fair Value - Fair Value of Inte

Fair Value - Fair Value of Interest Rate Swap Assets and Liabilities (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	$ 4,799	$ 3,695
Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets		1,818
Liabilities	10,555	3,695
Level 2 [Member] | Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets		1,818
Liabilities	$ 10,555	$ 3,695

Fair Value - Additional Informa

Fair Value - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Current liability in accounts payable, accrued expenses and other current liabilities	$ 4,800,000		$ 4,800,000		$ 3,700,000
Long-term liability	5,800,000		5,800,000		0
Long term assets	0		0		1,800,000
Current assets	0		0		$ 0
Net gain (loss) on derivatives	$ (1,400,000)	$ 3,400,000	$ (8,700,000)	$ 6,100,000

Property, Plant and Equipment -

Property, Plant and Equipment - Components of Property, Plant and Equipment (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 2,436,894	$ 2,373,075
Accumulated depreciation	(1,636,655)	(1,589,422)
Property, plant and equipment, net	800,239	783,653
Cable Systems, Equipment and Customer Devices [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	2,318,117	2,250,245
Furniture, Fixtures and Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	33,828	37,128
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	40,935	41,924
Buildings and Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	36,173	35,870
Land and Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 7,841	$ 7,908

Accounts Payable, Accrued Exp27

Accounts Payable, Accrued Expenses and Other Current Liabilities - Summary of Accounts Payable, Accrued Expenses and Other Current Liabilities (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Payables And Accruals [Abstract]
Accounts payable - trade	$ 32,939	$ 36,788
Accrued programming costs	27,210	26,347
Accrued taxes and fees	20,376	16,720
Advance customer payments	14,079	13,274
Accrued payroll and benefits	12,602	13,308
Accrued interest	12,380	12,457
Accrued service costs	8,369	7,871
Accrued property, plant and equipment	7,126	8,791
Bank overdrafts	5,044	4,617
Liabilities under interest rate exchange agreements	4,799	3,695
Accrued telecommunications costs	842	986
Other accrued expenses	10,037	7,075
Accounts payable, accrued expenses and other current liabilities	$ 155,803	$ 151,929

Debt - Summary of Outstanding D

Debt - Summary of Outstanding Debt (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Total debt	$ 1,688,000	$ 1,829,750
Less: current portion	16,575	19,075
Total long-term debt, gross (less current portion)	1,671,425	1,810,675
Less: deferred financing costs, net	16,539	20,232
Total long-term debt, net (less current portion)	1,654,886	1,790,443
Bank Credit Facility [Member]
Debt Instrument [Line Items]
Total debt	1,188,000	1,329,750
5 1/2% Senior Notes Due 2021 [Member]
Debt Instrument [Line Items]
Total debt	200,000	200,000
6 3/8% Senior Notes Due 2023 [Member]
Debt Instrument [Line Items]
Total debt	$ 300,000	$ 300,000

Debt - Summary of Outstanding29

Debt - Summary of Outstanding Debt (Parenthetical) (Detail)	6 Months Ended
	Jun. 30, 2016
5 1/2% Senior Notes Due 2021 [Member]
Debt Instrument [Line Items]
Debt instrument, Interest rate	5.50%
Debt instrument, Maturity	2,021
6 3/8% Senior Notes Due 2023 [Member]
Debt Instrument [Line Items]
Debt instrument, Interest rate	6.375%
Debt instrument, Maturity	2,023

Debt - Additional Information (

Debt - Additional Information (Detail) - USD ($)	May 19, 2016	Jun. 30, 2016	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Debt Instrument [Line Items]
Received capital contributions from parent			$ 75,000,000	$ 0
Loss on early extinguishment of debt		$ 1,156,000	1,156,000
Outstanding senior notes		500,000,000	500,000,000
Reclassification of deferred financing costs from other assets to long-term debt, net			16,500,000		$ 20,200,000
5 1/2% Senior Notes Due 2021 [Member]
Debt Instrument [Line Items]
Outstanding senior notes		200,000,000	$ 200,000,000
Senior notes expiration date			2021-04
6 3/8% Senior Notes Due 2023 [Member]
Debt Instrument [Line Items]
Outstanding senior notes		$ 300,000,000	$ 300,000,000
Senior notes expiration date			2023-04
Interest Rate Swap [Member]
Debt Instrument [Line Items]
Interest rate on borrowings		1.50%	1.50%
Expiration period of revolving credit commitments			2018-12
Weighted average interest rate on outstanding borrowings		3.70%	3.70%
Interest Rate Swap [Member] | Not Designated as Hedging Instrument [Member]
Debt Instrument [Line Items]
Revolving credit commitment outstanding		$ 600,000,000	$ 600,000,000
Maximum [Member]
Debt Instrument [Line Items]
Required debt to operating cash flow		850.00%	850.00%
Minimum [Member]
Debt Instrument [Line Items]
Required debt to operating cash flow		100.00%	100.00%
Loans Payable [Member]
Debt Instrument [Line Items]
Revolving credit commitment outstanding		$ 164,300,000	$ 164,300,000
Mediacom LLC [Member]
Debt Instrument [Line Items]
Received capital contributions from parent	$ 75,000,000
Letter of Credit [Member]
Debt Instrument [Line Items]
Revolving credit commitment outstanding		9,700,000	9,700,000
Bank Credit Facility [Member]
Debt Instrument [Line Items]
Revolving credit commitment outstanding		1,392,000,000	1,392,000,000
Unused revolving credit commitments		$ 194,500,000	$ 194,500,000
Bank Credit Facility [Member] | Maximum [Member]
Debt Instrument [Line Items]
Leverage ratio		500.00%	500.00%
Interest coverage ratio		200.00%	200.00%
Bank Credit Facility [Member] | Minimum [Member]
Debt Instrument [Line Items]
Leverage ratio		100.00%	100.00%
Interest coverage ratio		100.00%	100.00%
Bank Credit Facility [Member] | Term Loan I [Member]
Debt Instrument [Line Items]
Repayment of credit facility	245,600,000
Bank Credit Facility [Member] | Revolving Credit Commitments at Present [Member]
Debt Instrument [Line Items]
Revolving credit commitments	$ 170,600,000	$ 368,500,000	$ 368,500,000
Expiration date of revolving credit commitments			Oct. 10, 2019
Bank Credit Facility [Member] | Term Loan A [Member]
Debt Instrument [Line Items]
Revolving credit commitment outstanding		147,700,000	$ 147,700,000
Expiration date of revolving credit commitments			Jan. 15, 2021
Bank Credit Facility [Member] | Term Loan H [Member]
Debt Instrument [Line Items]
Revolving credit commitment outstanding		582,000,000	$ 582,000,000
Expiration date of revolving credit commitments			Jan. 29, 2021
Bank Credit Facility [Member] | Term Loan J [Member]
Debt Instrument [Line Items]
Revolving credit commitment outstanding		$ 294,000,000	$ 294,000,000
Expiration date of revolving credit commitments			Jun. 30, 2021

Debt - Fair Values of Senior No

Debt - Fair Values of Senior Notes and Outstanding Debt under Credit Facility (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Total senior notes	$ 520,000	$ 483,250
5 1/2% Senior Notes Due 2021 [Member]
Debt Instrument [Line Items]
Total senior notes	205,000	191,500
6 3/8% Senior Notes Due 2023 [Member]
Debt Instrument [Line Items]
Total senior notes	315,000	291,750
Bank Credit Facility [Member]
Debt Instrument [Line Items]
Total senior notes	$ 1,188,368	$ 1,317,990

Debt - Fair Values of Senior 32

Debt - Fair Values of Senior Notes and Outstanding Debt under Credit Facility (Parenthetical) (Detail)	6 Months Ended
	Jun. 30, 2016
5 1/2% Senior Notes Due 2021 [Member]
Debt Instrument [Line Items]
Debt instrument, Interest rate	5.50%
Debt instrument, Maturity	2,021
6 3/8% Senior Notes Due 2023 [Member]
Debt Instrument [Line Items]
Debt instrument, Interest rate	6.375%
Debt instrument, Maturity	2,023

Preferred Members' Interest - A

Preferred Members' Interest - Additional Information (Detail) - Mediacom LLC [Member] - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Jul. 31, 2001
Class Of Stock [Line Items]
Preferred equity investment					$ 150
Percentage of annual cash dividend on preferred equity investment			12.00%
Cash dividends on preferred membership interest	$ 4.5	$ 4.5	$ 9	$ 9

Member's Equity - Additional In

Member's Equity - Additional Information (Detail) - USD ($)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Equity [Abstract]
Received capital contributions from parent	$ 75,000,000	$ 0
Capital distributions to parent	$ 5,400,000	$ 0

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Related Party Transaction [Line Items]
Management fees charged by MCC	$ 4,750	$ 4,750	$ 10,100	$ 9,500
MCC [Member]
Related Party Transaction [Line Items]
Management fees charged by MCC	$ 4,800	$ 4,800	$ 10,100	$ 9,500
Management Fees [Member] | MCC [Member] | Maximum [Member] | Operating Revenues [Member]
Related Party Transaction [Line Items]
Rate of annual gross operating revenues of our operating subsidiaries			4.00%