Long-term Debt [Text Block] | 10. DEBT The carrying amount of long-term debt consisted of the following (in thousands): As of December 31, 2021 2020 Senior Credit Facilities (as defined below) $ 2,311,890 $ 1,541,621 Senior Notes (as defined below) 650,000 650,000 Convertible Notes (as defined below) 920,000 - Finance lease liabilities 5,621 5,466 Total debt 3,887,511 2,197,087 Less: Unamortized debt discount (20,602 ) - Less: Unamortized debt issuance costs (28,572 ) (21,897 ) Less: Current portion of long-term debt (38,837 ) (26,392 ) Total long-term debt $ 3,799,500 $ 2,148,798 Senior Credit Facilities. May 2021, third October 30, 2020 ( seven 2028 4” 2025 2” 2027 2” 2027 3” 2025 2, 2, 3 4, The interest margins applicable to the Senior Credit Facilities are, at the Company’s option, equal to either LIBOR or a base rate, plus an applicable margin equal to, (i) with respect to the Term Loan A- 2 1, 2 3, 4 2 3. The Senior Credit Facilities are guaranteed by the Company’s wholly owned subsidiaries (the “Guarantors”) and are secured, subject to certain exceptions, by substantially all of the assets of the Company and the Guarantors. The Company may, no 1.0. The Credit Agreement contains customary representations, warranties and affirmative and negative covenants, including limitations on indebtedness, liens, restricted payments, prepayments of certain indebtedness, investments, dispositions of assets, restrictions on subsidiary distributions and negative pledge clauses, fundamental changes, transactions with affiliates and amendments to organizational documents. The Credit Agreement also requires the Company to maintain specified ratios of total net indebtedness and first The Revolving Credit Facility gives the Company the ability to issue letters of credit, which reduce the amount available for borrowing under the Revolving Credit Facility. The Company is required to pay commitment fees on any unused portion of the Revolving Credit Facility at a rate between 0.20% per annum and 0.30% per annum, determined on a quarterly basis by reference to a pricing grid based on the Company’s Total Net Leverage Ratio. The Company has issued letters of credit totalin g $33.0 m third 2020 December 31, 2021 no As of December 31, 2021 December 31, 2021 Final Balance Draw Original Amortization Outstanding Maturity Due Upon Benchmark Applicable Interest Instrument Date(s) Principal Per Annum (1) Principal Date Maturity Rate Margin (2) Rate Term Loan A-2 5/8/2019 (3) $ 700,000 Varies (4) $ 659,590 10/30/2025 $ 476,607 LIBOR 1.75% 1.85% 10/1/2019 (3) Term Loan B-2 1/7/2019 250,000 1.0% 243,125 10/30/2027 228,750 LIBOR 2.00% 2.10% Term Loan B-3 6/14/2019 (5) 625,000 1.0% 613,175 10/30/2027 577,472 LIBOR 2.00% 2.10% 10/30/2020 (5) Term Loan B-4 5/3/2021 800,000 1.0% 796,000 5/3/2028 746,000 LIBOR 2.00% 2.10% Total $ 2,375,000 $ 2,311,890 $ 2,028,829 ( 1 Payable in equal quarterly installments (expressed as a percentage of the original principal amount and subject to customary adjustments in the event of any prepayment). All loans may ( 2 ) The Term Loan A- 2 ( 3 On May 8, 2019, October 1, 2019, October 30, 2020, ( 4 Per annum amortization rates for years one five October 30, 2020 ( 5 On June 14, 2019, October 30, 2020, Notes. Senior Notes In November 2020, 2030 4.00% May 15th November 15th May 15, 2021. November 9, 2020 ( At any time and from time to time prior to November 15, 2025, may November 15, 2025, may November 15, 2023, may not one 104% Upon the occurrence of a Change of Control and a Below Investment Grade Rating Event (each as defined in the Senior Notes Indenture), the Company is required to offer to repurchase the Senior Notes at 101% of the principal amount of such Senior Notes, plus accrued and unpaid interest, if any, to, but excluding, the date of repurchase. Convertible Notes March 2021, 2026 “2026 2028 “2028 2026 2026 2028 March 5, 2021 ( The 2026 not 2026 not 2028 2028 March 15th September 15th September 15, 2021, 2026 March 15, 2026, 2028 March 15, 2028. 2026 2028 $1,000 2026 2028 The Convertible Notes are convertible at the option of the holders. The method of conversion into cash, shares of the Company’s common stock or a combination thereof is at the election of the Company. Prior to the close of business on the business day immediately preceding December 15, 2025, 2026 December 15, 2025, may 2026 second December 15, 2027, 2028 December 15, 2027, may 2028 second may not The Company may not 2026 March 20, 2024 may not 2028 March 20, 2025. No March 20, 2024 December 15, 2025, may 2026 March 20, 2025 December 15, 2027, may 2028 not not In addition, following a “make-whole fundamental change” (as defined in the applicable Convertible Notes Indenture) or if the Company delivers a notice of redemption in respect of any Convertible Notes of a series, in certain circumstances, the conversion rate applicable to such series of Convertible Notes will be increased for a holder who elects to convert any of such Convertible Notes in connection with such a make-whole fundamental change or convert any of such Convertible Notes called (or deemed called) for redemption during the related redemption period, as the case may The carrying amounts of the Convertible Notes consisted of the following (in thousands): December 31, 2021 2026 Notes 2028 Notes Total Gross carrying amount $ 575,000 $ 345,000 $ 920,000 Less: Unamortized discount (12,611 ) (7,991 ) (20,602 ) Less: Unamortized debt issuance costs (344 ) (226 ) (570 ) Net carrying amount $ 562,045 $ 336,783 $ 898,828 Interest expense on the Convertible Notes consisted of the following (dollars in thousands): Year Ended December 31, 2021 2026 Notes 2028 Notes Total Contractual interest expense $ - $ 3,202 $ 3,202 Amortization of discount 2,483 1,065 3,548 Amortization of debt issuance costs 68 30 98 Total interest expense $ 2,551 $ 4,297 $ 6,848 General The Notes are senior unsecured obligations of the Company and are guaranteed by the Company’s wholly owned domestic subsidiaries that guarantee the Senior Credit Facilities or that guarantee certain capital market debt of the Company in an aggregate principal amount in excess of $250.0 Each Indenture contains covenants that, among other things and subject to certain exceptions, limit (i) the Company’s ability to consolidate or merge with or into another person or sell or otherwise dispose of all or substantially all of the assets of the Company and its subsidiaries (taken as a whole) and (ii) the ability of the guarantors to consolidate with or merge with or into another person. The Senior Notes Indenture also contains a covenant that, subject to certain exceptions, limits the Company’s ability and the ability of its subsidiaries to incur any liens securing indebtedness for borrowed money. Each Indenture provides for customary events of default which include (subject in certain cases to customary grace and cure periods), among others, default in payment of principal or interest, breach of other agreements or covenants in respect of the relevant Notes by the Company or any guarantors, failure to pay certain other indebtedness at final maturity, acceleration of certain indebtedness prior to final maturity, failure to pay certain final judgments, failure of certain guarantees to be enforceable and certain events of bankruptcy, insolvency or reorganization; and, in the case of each Convertible Notes Indenture, failure to comply with the Company’s obligation to convert the relevant Convertible Notes under the applicable Convertible Notes Indenture and failure to give a fundamental change notice or a notice of a make-whole fundamental change under the applicable Convertible Notes Indenture. Other. 2021 2020 2019 2021 2020 2019 Unamortized debt issuance costs consisted of the following (in thousands): As of December 31, 2021 2020 Revolving Credit Facility portion: Other noncurrent assets $ 2,576 $ 3,249 Term loans and Notes portion: Long-term debt (contra account) 28,572 21,897 Total $ 31,148 $ 25,146 The future maturities of outstanding borrowings as of December 31, 2021 Year Ending December 31, Amount 2022 $ 37,986 2023 55,008 2024 76,285 2025 557,147 2026 591,709 Thereafter 2,563,755 Total $ 3,881,890 The Company was in compliance with all debt covenants as of December 31, 2021 In March 2021, |