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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2013
Fair Value Disclosures [Abstract]  
Offsetting Assets
 
 
December 31, 2012
Description
 
Gross Amounts Recognized
 
Gross Amounts Offset in the Consolidated Balance Sheets
 
Net Amounts Presented in the Consolidated Balance Sheets
 
 
(In thousands)
Assets:
 
 
 
 
 
 
Derivative instruments
 
$
36,452

 
$
(7,291
)
 
$
29,161

Liabilities:
 
 
 
 
 
 
Derivative instruments
 
(7,291
)
 
7,291

 

Total
 
$
29,161

 
$

 
$
29,161

The following tables present the Company’s assets and liabilities measured at fair value on a recurring basis as of March 31, 2013 and December 31, 2012. All items included in the tables below are Level 2 inputs within the fair value hierarchy:
 
 
March 31, 2013
Description
 
Gross Amounts Recognized
 
Gross Amounts Offset in the Consolidated Balance Sheets
 
Net Amounts Presented in the Consolidated Balance Sheets
 
 
(In thousands)
Assets:
 
 
 
 
 
 
Derivative instruments
 
$
20,577

 
$
(7,801
)
 
$
12,776

Liabilities:
 
 
 
 
 
 
Derivative instruments
 
(11,686
)
 
7,801

 
(3,885
)
Total
 
$
8,891

 
$

 
$
8,891

Schedule of Fair Value of Debt Instruments
The following table presents the carrying amounts and fair values of the Company’s senior notes and convertible senior notes, based on quoted market prices, as of March 31, 2013 and December 31, 2012.
 
 
March 31, 2013
 
December 31, 2012
 
 
Carrying Amount
 
Fair Value
 
Carrying Amount
 
Fair Value
 
 
(In thousands)
8.625% Senior Notes
 
$
595,313

 
$
653,356

 
$
595,151

 
$
645,000

7.50% Senior Notes
 
300,000

 
319,500

 
300,000

 
308,250

4.375% Convertible Senior Notes
 
73,350

 
73,534

 
72,657

 
73,842