Debt (Tables)

9 Months Ended

Sep. 30, 2014

Debt Disclosure [Abstract]

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

Debt consists of the following:

	September 30,		December 31,
As of	2014		2013 (a)
OBS term loan, net of unamortized discount of $1,718	$	599,775	$	-
OIN term loan, net of unamortized discount of $1,198		625,606		-
8.125% notes due 2018, net of unamortized discount of $0 and $2,898		300,000		297,102
7.50% notes due 2024		784		146,000
7.50% Election 1 notes due 2021		6,508		-
7.50% Election 2 notes due 2021		138,708		-
Unsecured revolving credit facility		-		1,489,000
8.75% Debentures due 2013, net of unamortized discount of $0 and $11		-		63,592
Floating rate secured term loans, due through 2023		-		565,956
Total debt		1,671,381		2,561,650
Less current portion		(12,314)		-
Long-term portion	$	1,659,067	$	2,561,650

(a) Debt at December 31, 2013 was classified as liabilities subject to compromise.

Schedule of Exit Financing Facility [Table Text Block]

The applicable margins and floor interest rates for each Exit Financing Facility is as follows:

Flag	U.S. Flag						International Flag
Facility	OBS ABL Facility		OBS Term Loan				OIN Term Loan				OIN Revolver Facility
Rate	ABR	LIBOR	ABR		LIBOR		ABR		LIBOR		ABR		LIBOR
Floor	None	None	2.00	%	1.00	%	2.00	%	1.00	%	2.00	%	1.00	%
Applicable Margin	1.25%-1.75%	2.25%-2.75%	3.25	%	4.25	%	3.75	%	4.75	%	3.50	%	4.50	%

Schedule of Unsecured Debt [Table Text Block]

The table also summarizes total contractual interest paid for those periods:

	Three Months Ended
	September 30, 2014
	Unsecured		Unsecured
	Revolving		Senior
	Credit Facility		Notes
Contractual interest (including default interest)	$	4,563	$	9,795
Reorganization expense		-		3,417
	$	4,563	$	13,212
Contractual interest paid	$	79,886	$	89,869

	Nine Months Ended
	September 30, 2014
	Unsecured		Unsecured
	Revolving		Senior
	Credit Facility		Notes
Contractual interest (including default interest)	$	78,625	$	83,456
Reorganization expense		-		14,181
	$	78,625	$	97,637
Contractual interest paid	$	79,886	$	89,869