Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Summary of Maturity Dates, Semi-Annual Interest Payment Dates, and Optional Redemption Periods of Outstanding Senior Note Obligations

Notes

The following table summarizes the face values, maturity dates, semi-annual interest payment dates, and optional redemption periods related to the Company’s outstanding senior note obligations at March 31, 2020. In March 2020 the Company repurchased a portion of its 2023 Notes and 2024 Notes in open market transactions as further discussed below under the heading Repurchase of Senior Notes.

	2022 Notes (1)	2023 Notes	2024 Notes	2028 Notes	2044 Notes
Face value (in thousands)	$1,100,000	$1,466,625	$993,000	$1,000,000	$700,000
Maturity date	Sep 15, 2022	April 15, 2023	June 1, 2024	January 15, 2028	June 1, 2044
Interest payment dates	March 15, Sep 15	April 15, Oct 15	June 1, Dec 1	Jan 15, July 15	June 1, Dec 1
Make-whole redemption period (2)	—	Jan 15, 2023	Mar 1, 2024	Oct 15, 2027	Dec 1, 2043

(1) The Company has the option to redeem all or a portion of its remaining 2022 Notes at the decreasing redemption prices specified in the indenture related to the 2022 Notes plus any accrued and unpaid interest to the date of redemption.

(2)

At any time prior to the indicated dates, the Company has the option to redeem all or a portion of its senior notes of the applicable series at the “make-whole” redemption amounts specified in the respective senior note indentures plus any accrued and unpaid interest to the date of redemption. On or after the indicated dates, the Company may redeem all or a portion of its senior notes at a redemption amount equal to 100% of the principal amount of the senior notes being redeemed plus any accrued and unpaid interest to the date of redem

Schedule of Long-term Debt Instruments [Table Text Block]

Long-term debt, net of unamortized discounts, premiums, and debt issuance costs totaling $32.4 million and $33.9 million at March 31, 2020 and December 31, 2019, respectively, consists of the following.

In thousands	March 31, 2020		December 31, 2019
Credit facility	$	735,000	$	55,000
Note payable	4,753		5,351
5% Senior Notes due 2022	1,099,234		1,099,165
4.5% Senior Notes due 2023	1,458,753		1,491,339
3.8% Senior Notes due 2024	987,644		994,310
4.375% Senior Notes due 2028	989,928		989,661
4.9% Senior Notes due 2044	691,732		691,688
Total debt	$	5,967,044	$	5,326,514
Less: Current portion of long-term debt	2,455		2,435
Long-term debt, net of current portion	$	5,964,589	$	5,324,079