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Debt
9 Months Ended
Sep. 30, 2013
Debt  
Debt

Note 10.              Debt

 

The following table summarizes the carrying amounts and fair values of our debt:

 

 

 

As of

 

 

 

September 30, 2013

 

December 31, 2012

 

 

 

Carrying

 

Fair

 

Carrying

 

Fair

 

 

 

Amount

 

Value

 

Amount

 

Value

 

 

 

(In thousands)

 

6 1/2% Senior Secured Notes due 2019

 

$

1,100,000

 

$

1,168,750

 

$

1,100,000

 

$

1,210,000

 

7 5/8% Senior Notes due 2021

 

900,000

 

972,000

 

900,000

 

1,026,450

 

Other

 

1,452

 

1,452

 

2,041

 

2,041

 

Subtotal

 

2,001,452

 

$

2,142,202

 

2,002,041

 

$

2,238,491

 

Capital lease obligations (1)

 

431,331

 

 

 

486,458

 

 

 

Total debt and capital lease obligations

 

2,432,783

 

 

 

2,488,499

 

 

 

Less: Current portion

 

(68,662

)

 

 

(67,706

)

 

 

Long-term portion of debt and capital lease obligations

 

$

2,364,121

 

 

 

$

2,420,793

 

 

 

 

 

(1) Disclosure regarding the fair value of capital lease obligations is not required.

 

We estimated the fair value of our publicly traded long-term debt using market prices in less active markets (Level 2).