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Debt (Tables)
3 Months Ended
Mar. 31, 2019
Debt Disclosure [Abstract]  
Summary of Outstanding Debt

Outstanding debt consisted of the following (dollars in thousands):

 

     March 31,      December 31,  
     2019      2018  

Bank credit facility

   $ 1,019,250      $ 1,024,375  

51⁄2% senior notes due 2021

     200,000        200,000  
  

 

 

    

 

 

 

Total debt

   $ 1,219,250      $ 1,224,375  

Less: current portion

     170,500        20,500  
  

 

 

    

 

 

 

Total long-term debt, gross (less current portion)

   $ 1,048,750      $ 1,203,875  

Less: deferred financing costs, net

     12,499        13,318  
  

 

 

    

 

 

 

Total long-term debt, net (less current portion)

   $ 1,036,251      $ 1,190,557  
  

 

 

    

 

 

 
Fair Values of Senior Notes and Outstanding Debt under Credit Facility
     March 31,      December 31,  
     2019      2018  

51⁄2% senior notes due 2021

   $ 200,750      $ 200,500  
  

 

 

    

 

 

 

Total senior notes

   $ 200,750      $ 200,500  
  

 

 

    

 

 

 

Bank credit facility

   $ 1,013,340      $ 992,775