2.2.0.25falsefalse0210 - Disclosure - Debttruefalsefalse1falsefalseUSDfalsefalse1/1/2010 - 12/31/2010 USD ($) USD ($) / shares $Jan-01-2010_Dec-31-2010http://www.sec.gov/CIK0001358071duration2010-01-01T00:00:002010-12-31T00:00:00USDStandardhttp://www.xbrl.org/2003/iso4217USDiso42170USDEPSDividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0SharesStandardhttp://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0us-gaap_LongTermDebtAbstractus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalseDebt [Abstract]3false0us-gaap_LongTermDebtTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseverboselabel1falsefalsefalse00  <div style="font-family: 'Times New Roman',Times,serif"> <div align="justify" style="font-size: 10pt; margin-top: 20pt"><b>Note J. </b><b><i>Debt</i></b> </div> <div align="justify" style="font-size: 10pt; margin-top: 10pt">        The Company’s debt consists of the following: </div> <div align="center"> <table style="font-size: 9pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="97%">  <tr valign="bottom"> <td width="70%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="10%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="10%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 3px"> <td colspan="9" align="left" style="border-top: 2px solid #000000"> </td> </tr> <tr style="font-size: 9pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="7" style="border-bottom: 1px solid #000000"><b>December 31,</b></td> </tr> <tr style="font-size: 9pt" valign="bottom"> <td nowrap="nowrap" align="left"> <div style="margin-left:20px; text-indent:-15px"><b>(in thousands)</b> </div></td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"><b>2010</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"><b>2009</b></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="line-height: 6pt"> <td> <div style="margin-left:20px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:20px; text-indent:-15px">Credit facility </div></td> <td> </td> <td align="left">  $</td> <td align="right">613,500</td> <td> </td> <td> </td> <td align="left">  $</td> <td align="right">550,000</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:20px; text-indent:-15px">8.625% unsecured senior notes due 2017 </div></td> <td> </td> <td> </td> <td align="right">300,000</td> <td> </td> <td> </td> <td> </td> <td align="right">300,000</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:20px; text-indent:-15px">7.0% unsecured senior notes due 2021 </div></td> <td> </td> <td> </td> <td align="right">600,000</td> <td> </td> <td> </td> <td> </td> <td align="right"> <div style="margin-right: 10px">- </div></td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:20px; text-indent:-15px">8.0% unsecured senior note due 2018 </div></td> <td> </td> <td> </td> <td align="right">150,000</td> <td> </td> <td> </td> <td> </td> <td align="right"> <div style="margin-right: 10px">- </div></td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:20px; text-indent:-15px">Unamortized original issue premium (discount), net </div></td> <td> </td> <td> </td> <td align="right">5,021</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(4,164</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Less: current portion </div></td> <td> </td> <td> </td> <td align="right"> <div style="margin-right: 10px">- </div></td> <td> </td> <td> </td> <td> </td> <td align="right"> <div style="margin-right: 10px">- </div></td> <td> </td> </tr> <tr style="font-size: 1px"> <td> <div style="margin-left:20px; text-indent:-15px">  </div></td> <td> </td> <td nowrap="nowrap" colspan="3" align="right" style="border-top: 1px solid #000000"> </td> <td> </td> <td nowrap="nowrap" colspan="3" align="right" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:55px; text-indent:-15px">Total long-term debt </div></td> <td> </td> <td align="left">  $</td> <td align="right">1,668,521</td> <td> </td> <td> </td> <td align="left">  $</td> <td align="right">845,836</td> <td> </td> </tr> <tr style="font-size: 1px"> <td> <div style="margin-left:20px; text-indent:-15px">  </div></td> <td> </td> <td nowrap="nowrap" colspan="3" align="right" style="border-top: 3px double #000000"> </td> <td> </td> <td nowrap="nowrap" colspan="3" align="right" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom" style="line-height: 3pt"> <td> <div style="margin-left:20px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 1px solid #000000"> </td> </tr>  </table> </div> <div align="justify" style="font-size: 10pt; margin-top: 15pt">        <b><i>Credit facility. </i></b>The Company’s credit facility, as amended (the “Credit Facility”), has a maturity date of July 31, 2013. At December 31, 2010, the Company had no letters of credit outstanding under the Credit Facility. The Company’s borrowing base is $2.0 billion until the next scheduled borrowing base redetermination in April 2011. Between scheduled borrowing base redeterminations, the Company and, if requested by 66 2/3 percent of the lenders, the lenders, may each request one special redetermination. </div> <div align="justify" style="font-size: 10pt; margin-top: 10pt">        Advances on the Credit Facility bear interest, at the Company’s option, based on (i) the prime rate of JPMorgan Chase Bank (“JPM Prime Rate”) (3.25 percent at December 31, 2010) or (ii) a Eurodollar rate (substantially equal to the London Interbank Offered Rate). At December 31, 2010, the interest rates of Eurodollar rate advances and JPM Prime Rate advances varied, with interest margins ranging from 200 to 300 basis points and 112.5 to 212.5 basis points, respectively, per annum depending on the debt balance outstanding. At December 31, 2010, the Company paid commitment fees on the unused portion of the available borrowing base of 50 basis points per annum. </div>   </div>  <div style="font-family: 'Times New Roman',Times,serif"> <div align="center" style="font-size: 15pt; margin-top: 0pt"> <b> </b> </div> <div align="justify" style="font-size: 10pt; margin-top: 10pt">        The Credit Facility also includes a same-day advance facility under which the Company may borrow funds from the administrative agent. Same-day advances cannot exceed $25 million, and the maturity dates cannot exceed fourteen days. The interest rate on this facility is the JPM Prime Rate plus the applicable interest margin. </div> <div align="justify" style="font-size: 10pt; margin-top: 10pt">        The Company’s obligations under the Credit Facility are secured by a first lien on substantially all of its oil and natural gas properties. In addition, all of the Company’s subsidiaries are guarantors and have been pledged to secure borrowings under the Credit Facility. </div> <div align="justify" style="font-size: 10pt; margin-top: 10pt">        The credit agreement contains various restrictive covenants and compliance requirements which include: </div> <div style="margin-top: 10pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left"> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="6%" style="background: transparent"> </td> <td width="3%" nowrap="nowrap" align="left"><b>•</b></td> <td width="1%"> </td> <td> <div style="text-align: justify">maintenance of certain financial ratios, including (i) maintenance of a quarterly ratio of total debt to consolidated earnings before interest expense, income taxes, depletion, depreciation, and amortization, exploration expense and other noncash income and expenses to be no greater than 4.0 to 1.0, and (ii) maintenance of a ratio of current assets to current liabilities, excluding noncash assets and liabilities related to financial derivatives and asset retirement obligations and including the unfunded amounts under the Credit Facility, to be not less than 1.0 to 1.0; </div></td> </tr> <tr> <td style="font-size: 6pt"> </td> </tr> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="6%" style="background: transparent"> </td> <td width="3%" nowrap="nowrap" align="left"><b>•</b></td> <td width="1%"> </td> <td> <div style="text-align: justify">limits on the incurrence of additional indebtedness and certain types of liens; </div></td> </tr> <tr> <td style="font-size: 6pt"> </td> </tr> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="6%" style="background: transparent"> </td> <td width="3%" nowrap="nowrap" align="left"><b>•</b></td> <td width="1%"> </td> <td> <div style="text-align: justify">restrictions as to mergers, combinations and dispositions of assets; and </div></td> </tr> <tr> <td style="font-size: 6pt"> </td> </tr> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="6%" style="background: transparent"> </td> <td width="3%" nowrap="nowrap" align="left"><b>•</b></td> <td width="1%"> </td> <td> <div style="text-align: justify">restrictions on the payment of cash dividends. </div></td> </tr> </table> </div> <div align="justify" style="font-size: 10pt; margin-top: 10pt">        At December 31, 2010, the Company was in compliance with all of the covenants under the Credit Facility. </div> <div align="justify" style="font-size: 10pt; margin-top: 10pt">        <b><i>8.625% unsecured senior notes. </i></b>The Company’s 8.625% senior notes due 2017 (the “2017 Senior Notes”) are fully and unconditionally guaranteed on a senior unsecured basis by all of the Company’s subsidiaries. The 2017 Senior Notes will mature on October 1, 2017, and interest is payable on the 2017 Senior Notes each April 1 and October 1. </div> <div align="justify" style="font-size: 10pt; margin-top: 10pt">        The Company may redeem some or all of the 2017 Senior Notes at any time on or after October 1, 2013 at the redemption prices specified in the indenture governing the 2017 Senior Notes. The Company may also redeem up to 35 percent of the 2017 Senior Notes using all or a portion of the net proceeds of certain public sales of equity interests completed before October 1, 2012 at a redemption price as specified in the indenture. If the Company sells certain assets or experiences specific kinds of change of control, each as described in the indenture, each holder of the Senior Notes will have the right to require the Company to repurchase the 2017 Senior Notes at a purchase price described in the indenture plus accrued and unpaid interest, if any, to the date of repurchase. </div> <div align="justify" style="font-size: 10pt; margin-top: 10pt">        The 2017 Senior Notes are the Company’s senior unsecured obligations, and rank equally in right of payment with all of the Company’s existing and future senior debt, and rank senior in right of payment to all of the Company’s future subordinated debt. The 2017 Senior Notes are structurally subordinated to all of the Company’s existing and future secured debt to the extent of the value of the collateral securing such indebtedness. </div> <div align="justify" style="font-size: 10pt; margin-top: 10pt">        <b><i>7.0% unsecured senior notes. </i></b>In December 2010, the Company issued $600 million in principal amount of 7.0% senior notes due 2021 at 100.00 percent of par (the “2021 Senior Notes”). The 2021 Senior Notes will mature on January 15, 2021 and interest is paid in arrears semi-annually on January 15 and July 15 beginning July 15, 2011. The 2021 Senior Notes are fully and unconditionally guaranteed on a senior unsecured basis by substantially all of the Company’s subsidiaries. </div> <div align="justify" style="font-size: 10pt; margin-top: 10pt">        The Company may redeem some or all of the 2021 Senior Notes at any time on or after January 15, 2016 at the redemption prices specified in the indenture governing the 2021 Senior Notes. The Company may also redeem up to 35 percent of the 2021 Senior Notes using all or a portion of the net proceeds of certain public sales of equity interests completed before January 15, 2014 at a redemption price as specified in the indenture. If the Company sells certain assets or experiences specific kinds of change of control, each as described in the indenture, each holder of the 2021 Senior Notes will have the right to require the Company to repurchase the 2021 Senior Notes at a purchase price described in the indenture plus accrued and unpaid interest, if any, to the date of repurchase. </div> <div align="justify" style="font-size: 10pt; margin-top: 10pt">        The 2021 Senior Notes are the Company’s senior unsecured obligations, and rank equally in right of payment with all of the Company’s existing and future senior debt, and rank senior in right of payment to all of the Company’s future subordinated debt. The 2021 Senior Notes are structurally subordinated to all of the Company’s existing and future secured debt to the extent of the value of the collateral securing such indebtedness. </div>   </div>  <div style="font-family: 'Times New Roman',Times,serif"> <div align="center" style="font-size: 15pt; margin-top: 0pt"> <b> </b> </div> <div align="justify" style="font-size: 10pt; margin-top: 20pt">        <b><i>8.0% unsecured senior note. </i></b>In October 2010, the Company issued to Marbob an unsecured senior note (the “8.0% Note”) in the aggregate principal amount of $150 million, as partial consideration for the Marbob Acquisition. The 8.0% Note bears interest at the rate of 8.0% per year, payable semi-annually in arrears and is payable as to principal in a lump sum on October 7, 2018. The Company has the option to prepay the 8.0% Note, together with accrued interest thereon, from time to time, in whole or in part, without penalty or premium. </div> <div align="justify" style="font-size: 10pt; margin-top: 10pt">        Future interest expense reductions from the net original issue premium at December 31, 2010 is as follows: </div> <div align="center"> <table style="font-size: 9pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="98%">  <tr valign="bottom"> <td width="80%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="8%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 9pt"> <td colspan="5" align="left" style="border-top: 2px solid #000000"> </td> </tr> <tr style="font-size: 9pt" valign="bottom"> <td nowrap="nowrap" align="left"> <div style="margin-left:20px; text-indent:-15px"><b>(in thousands)</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr style="font-size: 9pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr>   <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:20px; text-indent:-15px">2011 </div></td> <td> </td> <td align="left">  $</td> <td align="right">(465</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:20px; text-indent:-15px">2012 </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(488</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:20px; text-indent:-15px">2013 </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(511</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:20px; text-indent:-15px">2014 </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(535</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:20px; text-indent:-15px">2015 </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(560</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:20px; text-indent:-15px">Thereafter </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(2,462</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td> <div style="margin-left:20px; text-indent:-15px">  </div></td> <td> </td> <td nowrap="nowrap" colspan="3" align="right" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:35px; text-indent:-15px">Total </div></td> <td> </td> <td align="left">  $</td> <td align="right">(5,021</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td> <div style="margin-left:20px; text-indent:-15px">  </div></td> <td> </td> <td nowrap="nowrap" colspan="3" align="right" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom" style="line-height: 3pt"> <td> <div style="margin-left:20px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #000000"> </td> </tr>  </table> </div> <div align="justify" style="font-size: 10pt; margin-top: 12pt">        <b><i>Principal maturities of long-term debt. </i></b>Principal maturities of long-term debt outstanding at December 31, 2010 are as follows: </div> <div align="center"> <table style="font-size: 9pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="99%">  <tr valign="bottom"> <td width="80%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="8%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 9pt"> <td colspan="5" align="left" style="border-top: 2px solid #000000"> </td> </tr> <tr style="font-size: 9pt" valign="bottom"> <td nowrap="nowrap" align="left"> <div style="margin-left:20px; text-indent:-15px"><b>(in thousands)</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="line-height: 6pt"> <td> <div style="margin-left:20px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:20px; text-indent:-15px">2011 </div></td> <td> </td> <td align="left">  $</td> <td align="right"> <div style="margin-right: 10px">- </div></td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:20px; text-indent:-15px">2012 </div></td> <td> </td> <td> </td> <td align="right"> <div style="margin-right: 10px">- </div></td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:20px; text-indent:-15px">2013 </div></td> <td> </td> <td> </td> <td align="right">613,500</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:20px; text-indent:-15px">2014 </div></td> <td> </td> <td> </td> <td align="right"> <div style="margin-right: 10px">- </div></td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:20px; text-indent:-15px">2015 and thereafter </div></td> <td> </td> <td> </td> <td align="right">1,050,000</td> <td> </td> </tr> <tr style="font-size: 1px"> <td> <div style="margin-left:20px; text-indent:-15px">  </div></td> <td> </td> <td nowrap="nowrap" colspan="3" align="right" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:20px; text-indent:-15px">Total </div></td> <td> </td> <td align="left">  $</td> <td align="right">1,663,500</td> <td> </td> </tr> <tr style="font-size: 1px"> <td> <div style="margin-left:20px; text-indent:-15px">  </div></td> <td> </td> <td nowrap="nowrap" colspan="3" align="right" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom" style="line-height: 3pt"> <td> <div style="margin-left:20px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 1px solid #000000"> </td> </tr>  </table> </div>   </div>  <div style="font-family: 'Times New Roman',Times,serif"> <div align="center" style="font-size: 15pt; margin-top: 0pt"> <b> </b> </div> <div align="justify" style="font-size: 10pt; margin-top: 22pt">        <b><i>Interest expense. </i></b>The following amounts have been incurred and charged to interest expense for the years ended December 2010, 2009 and 2008: </div> <div align="center"> <table style="font-size: 9pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="99%">  <tr valign="bottom"> <td width="64%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="7%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="7%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="7%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 2px solid #000000"> </td> </tr> <tr style="font-size: 9pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="11" style="border-bottom: 1px solid #000000"><b>Years Ended December 31,</b></td> </tr> <tr style="font-size: 9pt" valign="bottom"> <td nowrap="nowrap" align="left"> <div style="margin-left:20px; text-indent:-15px"><b>(in thousands)</b> </div></td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"><b>2010</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"><b>2009</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2"><b>2008</b></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:20px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:20px; text-indent:-15px">Cash payments for interest </div></td> <td> </td> <td align="left">  $</td> <td align="right">48,052</td> <td> </td> <td> </td> <td align="left">  $</td> <td align="right">14,862</td> <td> </td> <td> </td> <td align="left">  $</td> <td align="right">27,747</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:20px; text-indent:-15px">Amortization of original issue discount (premium) </div></td> <td> </td> <td> </td> <td align="right">185</td> <td> </td> <td> </td> <td> </td> <td align="right">102</td> <td> </td> <td> </td> <td> </td> <td align="right">58</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:20px; text-indent:-15px">Amortization of deferred loan origination costs </div></td> <td> </td> <td> </td> <td align="right">6,595</td> <td> </td> <td> </td> <td> </td> <td align="right">3,635</td> <td> </td> <td> </td> <td> </td> <td align="right">2,157</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:20px; text-indent:-15px">Write-off of deferred loan origination costs and original issue discount </div></td> <td> </td> <td> </td> <td align="right"> <div style="margin-right: 10px">- </div></td> <td> </td> <td> </td> <td> </td> <td align="right">57</td> <td> </td> <td> </td> <td> </td> <td align="right">1,547</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:20px; text-indent:-15px">Net changes in accruals </div></td> <td> </td> <td> </td> <td align="right">5,439</td> <td> </td> <td> </td> <td> </td> <td align="right">9,702</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,237</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td> <div style="margin-left:20px; text-indent:-15px">  </div></td> <td> </td> <td nowrap="nowrap" colspan="3" align="right" style="border-top: 1px solid #000000"> </td> <td> </td> <td nowrap="nowrap" colspan="3" align="right" style="border-top: 1px solid #000000"> </td> <td> </td> <td nowrap="nowrap" colspan="3" align="right" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:38px; text-indent:-15px">Interest costs incurred </div></td> <td> </td> <td> </td> <td align="right">60,271</td> <td> </td> <td> </td> <td> </td> <td align="right">28,358</td> <td> </td> <td> </td> <td> </td> <td align="right">30,272</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:20px; text-indent:-15px">Less: capitalized interest </div></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(184</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(66</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(1,233</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td> <div style="margin-left:20px; text-indent:-15px">  </div></td> <td> </td> <td nowrap="nowrap" colspan="3" align="right" style="border-top: 1px solid #000000"> </td> <td> </td> <td nowrap="nowrap" colspan="3" align="right" style="border-top: 1px solid #000000"> </td> <td> </td> <td nowrap="nowrap" colspan="3" align="right" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:38px; text-indent:-15px">Total interest expense </div></td> <td> </td> <td align="left">  $</td> <td align="right">60,087</td> <td> </td> <td> </td> <td align="left">  $</td> <td align="right">28,292</td> <td> </td> <td> </td> <td align="left">  $</td> <td align="right">29,039</td> <td> </td> </tr> <tr style="font-size: 1px"> <td> <div style="margin-left:20px; text-indent:-15px">  </div></td> <td> </td> <td nowrap="nowrap" colspan="3" align="right" style="border-top: 3px double #000000"> </td> <td> </td> <td nowrap="nowrap" colspan="3" align="right" style="border-top: 3px double #000000"> </td> <td> </td> <td nowrap="nowrap" colspan="3" align="right" style="border-top: 3px double #000000"> </td> </tr> <tr valign="bottom" style="line-height: 3pt"> <td> <div style="margin-left:20px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr>  </table> </div> </div>  <!-- Begin Block Tagged NotefalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringThis element may be used as a single block of text to encapsulate the entire disclosure for long-term borrowings including data and tables.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 falsefalseDebt12DebtUnKnownUnKnownUnKnownUnKnownfalsetrue