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Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2011
Long-term Debt, Unclassified [Abstract]  
Schedule of Long-term Debt Instruments
Long-term debt at December 31, 2011 and 2010 consisted of the following:
 
December 31,
 
2011
 
2010
 
(in millions)
Senior Secured Credit Facility
$
56.0

 
$

8.75% Senior Subordinated Notes due 2020
350.0

 
350.0

8.625% Senior Notes due 2017
445.1

 
444.5

7.50% Senior Subordinated Notes due 2015
372.2

 
381.5

Other secured and unsecured notes payable
0.7

 
0.7

 
1,224.0

 
1,176.7

Less current maturities
(0.1
)
 
(0.1
)
 
$
1,223.9

 
$
1,176.6

Schedule of Redeemable Notes
The 8.625% Notes, the 8.75% Notes, and the 7.50% Notes are redeemable, at our option, in whole or in part, on the following dates, at the following redemption prices (expressed as percentages of par value). All of our notes are redeemable prior to such times at a price that reflects a yield to the first call that is equivalent to the applicable Treasury bond yield plus 0.5 percentage points.
8.75% Notes Redeemable
 
8.625% Notes Redeemable
 
7.50% Notes Redeemable
On or after
 
At a % of
 
On or after
 
At a % of
 
On or after
 
At a % of
May 15,
 
par equal to
 
August 1,
 
par equal to
 
June 15,
 
par equal to
2015
 
104.375%
 
2013
 
104.313%
 
2011
 
103.750%
2016
 
102.917%
 
2014
 
102.156%
 
2012
 
101.875%
2017
 
101.458%
 
2015 and thereafter
 
100.000%
 
2013 and thereafter
 
100.000%
2018 and thereafter
 
100.000%
 
 
 
 
 
 
 
 
Schedule of Interest Expense Net of Capitalized Interest
Interest expense, net of capitalized interest was as follows:
 
For the year ended December 31,
 
2011
 
2010
 
2009
 
(in millions)
Interest expense before capitalization of interest
$
106.0

 
$
107.1

 
$
84.0

Less capitalized interest
(10.3
)
 
(4.0
)
 
(13.7
)
Interest expense, net of capitalized interest
$
95.7

 
$
103.1

 
$
70.3

Schedule of Loss on Early Extinguishment of Debt
Loss on early extinguishment of debt was as follows:
 
For the year ended December 31,
 
2011
 
2010
 
2009
 
(in millions)
Loss on early extinguishment of debt
$
0.2

 
$
1.9

 
$
9.5

Estimated Fair Value Versus Book Value of Long-term Debt
December 31, 2011. The estimated fair value versus book value of our long-term debt is as follows:
 
For the year ended December 31,
 
2011
 
2010
 
(in millions)
Fair value of long term debt
$
1,243.5

 
$
1,239.2

Book value of long term debt
$
1,231.7

 
$
1,185.7


Schedule of Maturities of Long-term Debt
As of December 31, 2011, annual maturities of secured and unsecured notes payable are as follows (amounts shown in millions):
Year ending December 31:
 
2012
$
0.1

2013
0.1

2014
0.1

2015
375.1

2016
56.1

Thereafter
800.1

 
1,231.6

Less unamortized debt discounts
(7.7
)
Long-term debt, including current portion
$
1,223.9