XML 92 R49.htm IDEA: XBRL DOCUMENT v2.4.1.9
Financing (Unsecured Revolving Credit Facility) (Narrative) (Details) (Unsecured debt [Member], Line of credit facility [Member], USD $)
12 Months Ended 0 Months Ended
Dec. 31, 2014
Rate
Jan. 26, 2015
Rate
Dec. 31, 2013
Credit agreement inception date Jan. 14, 2011    
Current maximum borrowing capacity under credit facility $ 600,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity    
Line of credit facility expiration date Jul. 02, 2018    
Maximum aggregate increase to credit facility 200,000,000orly_LineOfCreditFacilityMaximumIncrease    
Letters of credit 47,900,000us-gaap_LettersOfCreditOutstandingAmount   51,700,000us-gaap_LettersOfCreditOutstandingAmount
Outstanding borrowings under credit facility 0us-gaap_LineOfCredit   0us-gaap_LineOfCredit
Covenant description for debt instrument The Credit Agreement contains certain covenants, including limitations on indebtedness, a minimum consolidated fixed charge coverage ratio of 2.25 times from March 31, 2013, through December 31, 2014, and 2.50 times thereafter through maturity, and a maximum consolidated leverage ratio of 3.00 times through maturity. The consolidated leverage ratio includes a calculation of adjusted debt to earnings before interest, taxes, depreciation, amortization, rent and non-cash share-based compensation expense. Adjusted debt includes outstanding debt, outstanding stand-by letters of credit and similar instruments, six-times rent expense and excludes any premium or discount recorded in conjunction with the issuance of long-term debt. In the event that the Company should default on any covenant contained within the Credit Agreement, certain actions may be taken, including, but not limited to, possible termination of commitments, immediate payment of outstanding principal amounts plus accrued interest and other amounts payable under the Credit Agreement and litigation from lenders.    
Line of credit facility fee percentage 0.15%us-gaap_LineOfCreditFacilityCommitmentFeePercentage    
Line of credit facility covenant compliance As of December 31, 2014, the Company remained in compliance with all covenants under the Credit Agreement.    
Amendment one [Member]
     
Credit agreement amendment date Sep. 09, 2011    
Amendment two [Member]
     
Credit agreement amendment date Jul. 02, 2013    
Letter of credit [Member]
     
Line of credit facility sublimit 200,000,000orly_LineOfCreditFacilitySublimit
/ us-gaap_DebtInstrumentAxis
= us-gaap_UnsecuredDebtMember
/ us-gaap_LineOfCreditFacilityAxis
= us-gaap_LineOfCreditMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_LetterOfCreditMember
   
Swing line revolver [Member]
     
Line of credit facility sublimit $ 75,000,000orly_LineOfCreditFacilitySublimit
/ us-gaap_DebtInstrumentAxis
= us-gaap_UnsecuredDebtMember
/ us-gaap_LineOfCreditFacilityAxis
= us-gaap_LineOfCreditMember
/ us-gaap_LongtermDebtTypeAxis
= orly_SwingLineRevolverMember
   
Spread over Eurodollar rate [Member]
     
Line of credit current interest rate 0.975%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= us-gaap_UnsecuredDebtMember
/ us-gaap_LineOfCreditFacilityAxis
= us-gaap_LineOfCreditMember
/ us-gaap_LongtermDebtTypeAxis
= orly_EuroDollarRateSpreadMember
   
Spread over Base rate [Member]
     
Line of credit current interest rate 0.00%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= us-gaap_UnsecuredDebtMember
/ us-gaap_LineOfCreditFacilityAxis
= us-gaap_LineOfCreditMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_BaseRateMember
   
Through December 2014 [Member]
     
Minimum debt instrument consolidated fixed charge coverage ratio covenant 2.25orly_DebtInstrumentCoverageRatioCovenantMinimum
/ us-gaap_DebtInstrumentAxis
= us-gaap_UnsecuredDebtMember
/ us-gaap_LineOfCreditFacilityAxis
= us-gaap_LineOfCreditMember
/ us-gaap_LongtermDebtTypeAxis
= orly_ThroughDecember2014Member
   
Through maturity [Member]
     
Minimum debt instrument consolidated fixed charge coverage ratio covenant 2.50orly_DebtInstrumentCoverageRatioCovenantMinimum
/ us-gaap_DebtInstrumentAxis
= us-gaap_UnsecuredDebtMember
/ us-gaap_LineOfCreditFacilityAxis
= us-gaap_LineOfCreditMember
/ us-gaap_LongtermDebtTypeAxis
= orly_ThroughMaturityMember
   
Maximum debt instrument consolidated leverage ratio covenant 3.00orly_DebtInstrumentLeverageRatioCovenantMaximum
/ us-gaap_DebtInstrumentAxis
= us-gaap_UnsecuredDebtMember
/ us-gaap_LineOfCreditFacilityAxis
= us-gaap_LineOfCreditMember
/ us-gaap_LongtermDebtTypeAxis
= orly_ThroughMaturityMember
   
Subsequent Event [Member]
     
Line of credit facility fee percentage   0.125%us-gaap_LineOfCreditFacilityCommitmentFeePercentage
/ us-gaap_DebtInstrumentAxis
= us-gaap_UnsecuredDebtMember
/ us-gaap_LineOfCreditFacilityAxis
= us-gaap_LineOfCreditMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
 
Subsequent Event [Member] | Spread over Eurodollar rate [Member]
     
Line of credit current interest rate   0.875%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= us-gaap_UnsecuredDebtMember
/ us-gaap_LineOfCreditFacilityAxis
= us-gaap_LineOfCreditMember
/ us-gaap_LongtermDebtTypeAxis
= orly_EuroDollarRateSpreadMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
 
Subsequent Event [Member] | Spread over Base rate [Member]
     
Line of credit current interest rate   0.00%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= us-gaap_UnsecuredDebtMember
/ us-gaap_LineOfCreditFacilityAxis
= us-gaap_LineOfCreditMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_BaseRateMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember