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DEBT (Tables)
6 Months Ended
Jun. 30, 2011
DEBT  
Components of debt

 

 

 

 

June 30, 2011

 

December 31, 2010

 

 

 

Principal

 

Unamortized
Premium
(Discount)

 

Other(1)

 

Total

 

Principal

 

Unamortized
Premium
(Discount)

 

Other(1)

 

Total

 

 

 

(In Thousands)

 

U.S. Credit Facility

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

Canadian Credit Facility

 

280,973

 

 

 

280,973

 

 

 

 

 

8% Senior Notes due 2011(2) 

 

285,000

 

646

 

385

 

286,031

 

285,000

 

1,292

 

800

 

287,092

 

7% Senior Subordinated Notes due 2013

 

12

 

 

 

12

 

12

 

 

 

12

 

81/2% Senior Notes due 2014

 

600,000

 

(15,323

)

 

584,677

 

600,000

 

(18,210

)

 

581,790

 

71/4% Senior Notes due 2019

 

1,000,000

 

449

 

 

1,000,449

 

1,000,000

 

478

 

 

1,000,478

 

Total debt

 

2,165,985

 

(14,228

)

385

 

2,152,142

 

1,885,012

 

(16,440

)

800

 

1,869,372

 

Less: current portion of debt(2) 

 

(285,000

)

(646

)

(385

)

(286,031

)

(285,000

)

(1,292

)

(800

)

(287,092

)

Long-term portion of debt

 

$

1,880,985

 

$

(14,874

)

$

 

$

1,866,111

 

$

1,600,012

 

$

(17,732

)

$

 

$

1,582,280

 

 

 

(1)                                     Represents the unamortized portion of deferred gains realized upon termination of interest rate swaps in 2002 that were accounted for as fair value hedges. The gains are being amortized as a reduction of interest expense over the term of the notes.

(2)                                     Due December 2011.