Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2012

Long-Term Debt [Abstract]

Schedule of Long-term debt

The Company’s Long-term debt consists of the following at December 31, 2012 and 2011:

	2012		2011
6 3/ 4% Senior Notes due May 30, 2013	$	–	$	175,748
8% Senior Notes due November 15, 2016		272,025		271,255
7 3/ 4% Senior Debentures due June 1, 2027		200,000		200,000
7 1/ 4% Senior Debentures due September 15, 2027		240,000		240,000
Fixed-rate debt		712,025		887,003
Revolving credit facility, including short-term unsecured notes		21,000		–
Total	$	733,025	$	887,003

Schedule of Long-term debt maturities

The Company’s long-term debt maturities are as follows:

2013	$	–
2014		–
2015		–
2016		293,025
2017 and thereafter		440,000
Total	$	733,025

Summary of Maximum allowed leverage ratios

At December 31, 2012, the maximum allowed leverage ratios are as follows:

From	To	Maximum allowed leverage ratio
December 31, 2012	December 30, 2013		5.50
December 31, 2013	Thereafter		5.00