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Indebtedness (Tables)
12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Debt Outstanding

We had the following debt outstanding as of the dates shown below. The expenses of issuing debt are generally capitalized and included as a reduction to debt in the accompanying consolidated balance sheets. For December 31, 2021, deferred financing costs for our bank credit facility are included in other assets in the accompanying consolidated balance sheet. These costs are amortized over the expected life of the related instruments. When debt is retired before maturity, or modifications significantly change the cash flows, the related unamortized costs are expensed. No interest was capitalized in the three-year period ended December 31, 2021. The components of our debt outstanding, including the effects of debt issuance costs, is as follows (in thousands):

 

 

 

December 31,

 

 

 

2021

 

 

2020

 

Bank debt

 

$

 

 

$

702,000

 

Senior notes

 

 

 

 

 

 

4.875% senior notes due 2025

 

 

750,000

 

 

 

750,000

 

5.00% senior notes due 2022

 

 

169,589

 

 

 

169,589

 

5.00% senior notes due 2023

 

 

532,335

 

 

 

532,335

 

5.75% senior notes due 2021

 

 

 

 

 

25,496

 

5.875% senior notes due 2022

 

 

48,528

 

 

 

48,528

 

8.25% senior notes due 2029

 

 

600,000

 

 

 

 

9.25% senior notes due 2026

 

 

850,000

 

 

 

850,000

 

Other senior notes due 2022

 

 

 

 

 

490

 

Total senior notes

 

 

2,950,452

 

 

 

2,376,438

 

Senior subordinated notes

 

 

 

 

 

 

5.00% senior subordinated notes due 2022

 

 

 

 

 

9,730

 

5.00% senior subordinated notes due 2023

 

 

 

 

 

7,712

 

5.75% senior subordinated notes due 2021

 

 

 

 

 

19,896

 

Total senior subordinated notes

 

 

 

 

 

37,338

 

Total debt

 

 

2,950,452

 

 

 

3,115,776

 

Unamortized premium

 

 

188

 

 

 

457

 

Unamortized debt issuance costs

 

 

(24,853

)

 

 

(30,625

)

Total debt (net of debt issuance costs)

 

 

2,925,787

 

 

 

3,085,608

 

Less current maturities of long-term debt

 

 

(218,017

)

 

 

(45,356

)

Total long-term debt

 

$

2,707,770

 

 

$

3,040,252

 

Schedule for Long-Term Debt Outstanding

The following is the principal maturity schedule for our long-term debt outstanding as of December 31, 2021 (in thousands):

 

 

 

Year Ended
December 31,

 

2022

 

$

218,117

 

2023

 

 

532,335

 

2024

 

 

 

2025

 

 

750,000

 

2026

 

 

850,000

 

Thereafter

 

 

600,000

 

 

 

$

2,950,452