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Debt
3 Months Ended
Mar. 31, 2014
Debt  
Debt

Note 11.              Debt

 

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

 

 

 

As of

 

 

 

March 31, 2014

 

December 31, 2013

 

 

 

Carrying

 

Fair

 

Carrying

 

Fair

 

 

 

Amount

 

Value

 

Amount

 

Value

 

 

 

(In thousands)

 

6 1/2% Senior Secured Notes due 2019

 

$

1,100,000

 

$

1,212,750

 

$

1,100,000

 

$

1,193,500

 

7 5/8% Senior Notes due 2021

 

900,000

 

1,017,000

 

900,000

 

1,001,250

 

Other

 

1,618

 

1,618

 

1,588

 

1,588

 

Subtotal

 

2,001,618

 

$

2,231,368

 

2,001,588

 

$

2,196,338

 

Capital lease obligations (1)

 

404,985

 

 

 

420,800

 

 

 

Total debt and capital lease obligations

 

2,406,603

 

 

 

2,422,388

 

 

 

Less: Current portion

 

(61,404

)

 

 

(69,791

)

 

 

Long-term portion of debt and capital lease obligations

 

$

2,345,199

 

 

 

$

2,352,597

 

 

 

 

(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).