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DEBT
3 Months Ended
Mar. 31, 2013
Debt Instruments [Abstract]  
DEBT
DEBT
The Company’s outstanding debt consisted of the following (in thousands): 
 
March 31,
2013
 
December 31,
2012
6.300% Senior notes due 8/15/14, net of unamortized discount of $322 at March 31, 2013
$
374,775

 
$
374,718

6.125% Senior notes due 1/15/15
228,845

 
228,845

5.950% Senior notes due 3/15/17, net of unamortized discount of $561 at March 31, 2013
382,674

 
382,639

5.450% Senior notes due 6/7/21, net of unamortized discount of $982 at March 31, 2013
599,018

 
598,988

Total debt, including current portion
1,585,312

 
1,585,190

Less current portion of total debt

 

Total long-term debt
$
1,585,312

 
$
1,585,190

 
In January 2012, at maturity, the Company repaid the $233.9 million outstanding balance of its 5.875% Senior Notes. 
During 2011, the Company entered into a Credit Agreement (the “Credit Facility”).  The Credit Facility provides for a five-year revolving credit facility in the principal amount of $750.0 million, with the Company having the ability to request an increase in the facility amount up to an aggregate principal amount not to exceed $1 billion.  As of March 31, 2013 and December 31, 2012, there were no amounts outstanding under the Credit Facility.
The Company’s senior notes and Credit Facility contain certain covenants and restrictions regarding, among other things, liens, asset dispositions and consolidations or mergers.  Additionally, the Company’s Credit Facility requires compliance with a leverage ratio of 3 to 1 and limits subsidiary debt.  As of March 31, 2013, the Company was in compliance with the applicable covenants and restrictions under its senior notes and Credit Facility.