FINANCING ARRANGEMENTS (Tables)

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Summary of Financing Arrangements

The following table is a summary of the Company's financing arrangements (in thousands):

	December 31, 2016			December 31, 2015
Senior unsecured notes, at 5.25%, due August 1, 2020 ("2020 Notes")	$	800,000		$	800,000
Senior unsecured notes, at 5.125%, due June 1, 2021 ("2021 Notes")	845,000			595,000
Long-term obligations, at par	$	1,645,000		$	1,395,000
Unamortized debt issuance costs and premium, net	$	(11,728	)	$	(12,457	)
Long-term obligations, at carrying value	$	1,633,272		$	1,382,543

Schedule of Redemption Prices

The Company may redeem some or all of the 2020 Notes at any time on upon proper notice, at the following redemption prices plus unpaid interest:

Year	Percentage
Prior to August 1, 2017	102.625	%
After August 1, 2017	101.313	%
After August 1, 2018	100.000	%

The Company may redeem some or all of the 2021 Notes at any time upon proper notice, at the following redemption prices plus unpaid interest:

Year	Percentage
Prior to December 1, 2017	102.563	%
After December 1, 2017	101.281	%
After December 1, 2018	100.000	%