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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2012
Fair Value Measurements [Abstract]  
Fair Value Hierarchy Table for Assets and Liabilities measured at Fair Value
                                 
    Fair Value Measurements at June 30, 2012 using:  
    Quoted Prices in
Active Markets
for Identical
Assets

(Level 1)
    Significant
Other
Observable
Inputs

(Level 2)
    Significant
Unobservable
Inputs
(Level 3)
    Total Carrying
Value as of
June 30,
2012
 
         

Trading securities held in the deferred compensation plans

  $ 56,345     $ —       $ —       $ 56,345  
         

Derivatives – swaps

    —         134,629       —         134,629  

– collars

    —         212,320       —         212,320  

– call options

    —         (4,722     —         (4,722

– put options

    —         1,071       —         1,071  

 

                                 
    Fair Value Measurements at December 31, 2011 using:  
    Quoted Prices in
Active Markets
for Identical
Assets

(Level 1)
    Significant
Other
Observable
Inputs

(Level 2)
    Significant
Unobservable
Inputs
(Level 3)
    Total Carrying
Value as of
December 31,
2011
 
         

Trading securities held in the deferred compensation plans

  $ 50,237     $ —       $ —       $ 50,237  
         

Derivatives – swaps

    —         69,054       —         69,054  

– collars

    —         211,621       —         211,621  

– call options

    —         (29,348     —         (29,348
Carrying amounts and Fair values of Financial Instruments
                                 
    June 30, 2012     December 31, 2011  
    Carrying
Value
    Fair
Value
    Carrying
Value
    Fair
Value
 

Assets:

                               

Commodity swaps, collars, call and put options

  $ 348,986     $ 348,986     $ 251,500     $ 251,500  

Marketable securities (a)

    56,345       56,345       50,237       50,237  
         

Liabilities:

                               

Commodity swaps, collars, call and put options

    (5,688     (5,688     (173     (173

Bank credit facility (b)

    (235,000     (235,000     (187,000     (187,000

7.50% senior subordinated notes due 2017 (b)

    (250,000     (261,250     (250,000     (265,625

7.25% senior subordinated notes due 2018 (b)

    (250,000     (265,000     (250,000     (267,500

8.00% senior subordinated notes due 2019 (b)

    (288,562     (327,750     (287,967     (334,500

6.75% senior subordinated notes due 2020 (b)

    (500,000     (542,500     (500,000     (555,000

5.75% senior subordinated notes due 2021 (b)

    (500,000     (522,500     (500,000     (541,250

5.00% senior subordinated notes due 2022 (b)

    (600,000     (592,500     —         —    

 

(a)

Marketable securities, which are held in our deferred compensation plans, and are actively traded on major exchanges.

(b)

The book value of our bank debt approximates fair value because of its floating rate structure. The fair value of our senior subordinated notes is based on end of period market quotes which are Level 2 market values.