Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2022

Debt Disclosure [Abstract]

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

The following table summarizes the Company’s total outstanding balance on its Senior Secured Notes net of unamortized discount and deferred financing costs, and Senior Unsecured Notes net of unamortized deferred financing costs, as of March 31, 2022, and December 31, 2021:

	As of March 31, 2022		As of December 31, 2021
	(in thousands)
Senior Secured Notes (1)	$	410,525	$	407,712
Senior Unsecured Notes (1)	1,569,867		1,673,452
Total	$	1,980,392	$	2,081,164

____________________________________________

(1)    Senior Secured Notes and Senior Unsecured Notes are defined below.

Schedule of Line of Credit Facilities [Table Text Block]

The following table presents the outstanding balance, total amount of letters of credit outstanding, and available borrowing capacity under the Credit Agreement as of April 20, 2022, March 31, 2022, and December 31, 2021:

	As of April 20, 2022		As of March 31, 2022		As of December 31, 2021
	(in thousands)
Revolving credit facility (1)	$	—	$	—	$	—
Letters of credit (2)	6,000		6,000		2,500
Available borrowing capacity	1,094,000		1,094,000		1,097,500
Total aggregate lender commitment amount	$	1,100,000	$	1,100,000	$	1,100,000

____________________________________________

(1)    Unamortized deferred financing costs attributable to the revolving credit facility are presented as a component of the other noncurrent assets line item on the accompanying balance sheets and totaled $2.3 million and $2.7 million as of March 31, 2022, and December 31, 2021, respectively. These costs are being amortized over the term of the revolving credit facility on a straight-line basis.

(2)    Letters of credit outstanding reduce the amount available under the revolving credit facility on a dollar-for-dollar basis.

Schedule Of Long-term Debt Instruments, Senior Secured Notes [Table Text Block]

Senior Secured Notes, net of unamortized discount and deferred financing costs, included within the Senior Notes, net line item on the accompanying balance sheets as of March 31, 2022, and December 31, 2021, consist of the 10.0% Senior Secured Notes due 2025 (“2025 Senior Secured Notes” or “Senior Secured Notes”):

	As of March 31, 2022		As of December 31, 2021
	(in thousands)
Principal amount of 10.0% Senior Secured Notes due 2025	$	446,675	$	446,675
Unamortized debt discount	28,135		30,236
Unamortized deferred financing costs	8,015		8,727
10.0% Senior Secured Notes due 2025, net of unamortized debt discount and deferred financing costs	$	410,525	$	407,712

Schedule Of Long-term Debt Instruments, Senior Unsecured Notes [Table Text Block]

Senior Unsecured Notes, net of unamortized deferred financing costs, included within the Senior Notes, net line item on the accompanying balance sheets as of March 31, 2022, and December 31, 2021, consist of the following (collectively referred to as “Senior Unsecured Notes,” and together with the 2025 Senior Secured Notes, “Senior Notes”):

	As of March 31, 2022						As of December 31, 2021
	Principal Amount		Unamortized Deferred Financing Costs		Principal Amount, Net		Principal Amount		Unamortized Deferred Financing Costs		Principal Amount, Net
	(in thousands)
5.0% Senior Notes due 2024	$	—	$	—	$	—	$	104,769	$	403	$	104,366
5.625% Senior Notes due 2025	349,118		2,001		347,117		349,118		2,160		346,958
6.75% Senior Notes due 2026	419,235		3,095		416,140		419,235		3,270		415,965
6.625% Senior Notes due 2027	416,791		3,755		413,036		416,791		3,949		412,842
6.5% Senior Notes due 2028	400,000		6,426		393,574		400,000		6,679		393,321
Total	$	1,585,144	$	15,277	$	1,569,867	$	1,689,913	$	16,461	$	1,673,452