DEBT (Tables)

12 Months Ended

Dec. 31, 2015

As of December 31, 2015 and 2014, our outstanding debt consisted of (dollars in thousands):

	December 31,		December 31,
	2015		2014
Bank credit facility	$	1,329,750	$	1,457,000
5½% senior notes due 2021		200,000		200,000
6⅜% senior notes due 2023		300,000		300,000
Total debt	$	1,829,750	$	1,957,000
Less: current portion		19,075		13,500
Total long-term debt	$	1,810,675	$	1,943,500

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 market prices of such issuances in an active market when available) were as follows (dollars in thousands):

	December 31,
	2015		2014
5½% senior notes due 2021	$	191,500	$	202,000
6⅜% senior notes due 2023		291,750		309,000
Total senior notes	$	483,250	$	511,000

Bank credit facility	$	1,317,990	$	1,426,126

Scheduled Maturities of All Debt Outstanding

The scheduled maturities of all debt outstanding as of December 31, 2015 are as follows (dollars in thousands):

	Bank Credit Facility				Senior
	Revolving Credit		Term Loans		Notes		Total
January 1, 2016 to December 31, 2016	$	—	$	19,075	$	—	$	19,075
January 1, 2017 to December 31, 2017		—		260,325		—		260,325
January 1, 2018 to December 31, 2018		—		16,575		—		16,575
January 1, 2019 to December 31, 2019		51,500		16,575		—		68,075
January 1, 2020 to December 31, 2020		—		16,575		—		16,575
Thereafter		—		949,125		500,000		1,449,125
Total	$	51,500	$	1,278,250	$	500,000	$	1,829,750