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Indebtedness (Tables)
12 Months Ended
Dec. 31, 2015
Debt Disclosure [Abstract]  
Debt Outstanding

We had the following debt outstanding as of the dates shown below which are net of debt issuance costs (bank debt interest rate at December 31, 2015 is shown parenthetically) (in thousands). The expenses of issuing debt are capitalized and included as a reduction to debt in the accompanying consolidated balance sheets. 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 during 2015, 2014, and 2013.

 

December 31,

 

 

2015

 

  

2014

 

 

Bank debt (1.8%), net of unamortized debt issuance costs of $8,573 and $9,779

$

86,427

 

 

$

713,221

 

Senior notes:

 

 

 

 

 

 

 

4.875% senior notes due 2025, net of unamortized debt issuance costs of $11,899

 

738,101

 

 

 

¾

 

Senior subordinated notes:

 

 

 

 

 

 

 

6.75% senior subordinated notes due 2020, net of unamortized debt issuance costs of $6,157

 

¾

 

 

 

493,843

 

5.75% senior subordinated notes due 2021, net of unamortized debt issuance costs of $5,905 and $6,803

 

494,095

 

 

 

493,197

 

5.00% senior subordinated notes due 2022, net of unamortized debt issuance costs of $7,777 and $8,820

 

592,223

 

 

 

591,180

 

5.00% senior subordinated notes due 2023, net of unamortized debt issuance costs of $9,543 and $10,617

 

740,457

 

 

 

739,383

 

Total debt

$

2,651,303

 

 

$

3,030,824

 

 

Schedule for Long-Term Debt Outstanding

The following is the principal maturity schedule for our long-term debt outstanding as of December 31, 2015 (in thousands):

 

Year Ended
December 31,

 

2016

$

 

2017

 

 

2018

 

 

2019

 

95,000

 

2020

 

 

Thereafter

 

2,600,000

 

 

$

2,695,000