XML 36 R24.htm IDEA: XBRL DOCUMENT v3.7.0.1
LONG-TERM DEBT (Tables)
3 Months Ended
Mar. 31, 2017
LONG-TERM DEBT.  
Schedule of long-term debt

Long-term debt consists of the following (dollars in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 

 

December 31, 

 

 

    

2017

  

2016

 

Total debt

 

$

3,211,220

 

$

3,259,721

 

Less debt issuance costs

 

 

(21,818)

 

 

(22,255)

 

Less debt discounts

 

 

(10,518)

 

 

(10,569)

 

Plus debt premiums

 

 

20,219

 

 

20,711

 

Total debt adjusted for discounts, premiums and debt issuance costs

 

 

3,199,103

 

 

3,247,608

 

Less current maturities

 

 

(77,101)

 

 

(107,903)

 

Long-term debt

 

$

3,122,002

 

$

3,139,705

 

 

Schedule of interest rate swap contracts

The terms of the interest rate swap contracts are as follows (dollars in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Notional

 

Fixed

 

 

Benchmark Interest

 

Effective

 

Maturity

 

 

    

Amount

 

Rate (1)

 

 

Rate (2)

 

Date

 

Date

 

Interest rate swap - April 2016

 

$

90,000

 

 

2.355

%

 

 

30 year - LIBOR

 

 

April 2019

 

 

April 2049

 

Interest rate swap - June 2016

 

 

80,000

 

 

2.304

 

 

 

30 year - LIBOR

 

 

June 2019

 

 

June 2049

 

 

 

$

170,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

We will pay.

We will receive.