LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2011

Long-term debt at December 31 consisted of the following (in thousands):

	2011			2010

5.88% Title XI note payable, due March 2012, secured by the Gorilla VI	$	7,109		$	21,361
2.80% Title XI note payable, due October 2013, secured by the Gorilla VII		30,898			46,348
5.0% Senior Notes, due September 2017, net of discount (5.1% effective rate)		398,394			398,111
4.33% Title XI note payable, due May 2019, secured by the Scooter Yeargain		45,598			51,678
7.875% Senior Notes, due August 2019, net of discount (8.0% effective rate)		497,511			497,181
3.525% Title XI note payable, due May 2020, secured by the Bob Keller		50,801			56,779
3.158% Title XI note payable, due July 2021, secured by the Bob Palmer		104,047			114,453
Total long-term debt		1,134,358			1,185,911
Less: Current maturities		(45,023	)		(52,166	)
Long-term debt, excluding current maturities	$	1,089,335		$	1,133,745