Debt and Credit Agreements (Tables)

3 Months Ended

Mar. 31, 2015

Debt Disclosure [Abstract]

Debt and credit agreement components

The Company’s debt and credit agreements consisted of the following:

(In thousands)	March 31, 2015		December 31, 2014
7.33% weighted-average fixed rate notes	$	20,000	$	20,000
6.51% weighted-average fixed rate notes	425,000		425,000
9.78% fixed rate notes	67,000		67,000
5.58% weighted-average fixed rate notes	175,000		175,000
3.65% weighted-average fixed rate notes	925,000		925,000
Revolving credit facility	265,000		140,000
	$	1,877,000	$	1,752,000

Changes in basis spread on variable rate based on changes in leverage ratio

Interest rates under the amended credit facility are based on Eurodollar (LIBOR) or alternate base rate (ABR) indications, plus a margin. The associated margins are based on the Company's leverage ratio as shown below:

	Leverage Ratio(1)
	<1.0x		≥1.0x and <2.0x		≥2.0x and <3.0x		≥3.0x
Eurodollar loans	1.50	%	1.75	%	2.00	%	2.25	%
ABR loans	0.50	%	0.75	%	1.00	%	1.25	%

⁽¹⁾ The ratio of debt and other liabilities to Consolidated EBITDAX, as defined in the credit agreement.